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| Adamsville Town Center, Adamsville, AL |
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| Andrew Chason |
ADAMSVILLE, AL– Marcus & Millichap (NYSE: MMI), a
leading commercial real estate investment services firm with offices throughout
the United States and Canada,announced the sale of Adamsville Town
Center, a 26,026-square foot shopping strip located in Adamsville, AL. The
asset sold for $2,709,000 representing $104 per square foot.
Andrew Chason, senior associate in Marcus &
Millichap’s Mobile, AL, office, represented the seller, a limited liability
company from Birmingham, AL. The buyer was a private investment group from
Birmingham, AL.
“Adamsville Town Center is an attractive center with a
healthy mix of national and local tenants,” says Chason. “The property was 94
percent occupied at the time of the sale.”
Built in 2006, the property consists of two free-standing
buildings with a total square footage of 26,026 square feet. The property
shares a lighted intersection with a Walmart Supercenter.
The center is
anchored by Dollar General, which accounts for 34 percent of the center's GLA.
Other national tenants include: Advance America, 1st Franklin, Papa John's
Pizza, Alfa Insurance and Alabama Power.
For a complete
copy of the company’s news release, please contact:
Jody McKibben
Regional Manager
Memphis, TN
(901) 620-3620
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