Harbert Retail has completed the sale of a single tenant net leased Dunkin’ located at 300 Commons Drive, Birmingham, AL, for $1,654,205 ($458 per square foot). The property sold with multiple offers at a 5.4% cap, which was over of the asking price. Harbert’s Casey Howard exclusively represented the seller. The Seller, “300 Commons Drive, LLC” is registered to Matthew Lemak …
Harbert Retail Represents Seller in 1031 Exchange Sale of Morris Avenue Property
Harbert Retail’s Casey Howard represented the seller, 2301 Morris Ave Partners, LLC, in a 1031 exchange sale of 2301 Morris Avenue, Suites 101 & 105, Birmingham, AL 35203. The property was purchased by Golden Holdings, LLC for $686,000 (7.1% cap). Located in the historic Morris Avenue corridor in downtown Birmingham, Suites 101 &105 of 2301 Morris Avenue building are …