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803 East Battle Street

Marcus & Millichap Brokers $2.4M Sale Of Talladega Shopping Center In Alabama
SOLDRetail

Marcus & Millichap Brokers $2.4M Sale Of Talladega Shopping Center In Alabama

803 East Battle Street

$2,400,000

$50/SF

Building Size

47,437 SF

Asset Type

Retail

Closing

Aug 18, 2025

AI

The property asset involved in this transaction is a retail property located at 803 East Battle Street in Talladega, AL. The sale occurred on August 18, 2025, with a transaction amount of $2,400,000. The property encompasses 47,437 square feet and was sold at a price per square foot of $51. Built in 1981, this retail center occupies 3.6 acres and was 88% leased at the time of sale, with notable tenants including Citi Trends and Standard Furniture.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,400,000
  • Square Footage: 47,437
  • Address: 803 East Battle Street
  • Market: Talladega, AL
  • Price per Square Foot: $51
  • Year Built: 1981
  • Leased Percentage at Sale: 88%
  • Anchoring Tenants: Citi Trends, Standard Furniture
  • Other Tenants: Regional Finance, AT&T
  • Brokers: Eric Abbott and Zachary Taylor - Marcus & Millichap

Eric Abbott and Zachary Taylor from Marcus & Millichap represented the seller in this transaction, facilitating the sale of the Talladega Shopping Center. This center, located on a 3.6-acre lot, includes a mix of national and regional tenants contributing to its occupancy rate at the time of sale.

Players

Zachary Taylor

Marcus & Millichap

Broker

$355.9M

vol

42 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Talladega Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93