Properties

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