Virginia College, Huntsville
2017-2021 Drake Avenue, SW
Huntsville, AL 35805
PROPERTY SOLD
Property: Investment Sales
Price: $9,875,000
Cap Rate: Call
Description:
- Located 2 miles south of downtown Huntsville off US 231 next to Parkway City Mall
- The 51,171 square foot former Kroger was redeveloped in 2010 on a 5.43 acre parcel
- Virginia College is on a 15 year absolute NNN lease with 1% rent bumps annually
- The all cash transaction closed escrow on November 23rd, 2010 for $9,875,000
- The buyer was a large privately held investment company out of Philadelphia


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Contact
Tyson Glasser, CCIM
Director of Capital Markets & Dispositions
864.263.5427 - Main
404.435.6312 - Mobile