Harbert Retail’s Casey Howard represented the Seller in the $1,625,000 sale of the former Siano Appliance property located on 109 Cahaba Valley Parkway (Hwy 119), Pelham, AL. The property consists of a ±17,517 SF two-story retail/flex/showroom building located next to Taco Bell and Wendy’s on Cahaba Valley Parkway. The seller was the Siano family based in Tennessee, and the buyer was DMS Realty Holdings, LLC. John Hardin and Alec Hersch with Shannon Waltchack represented the buyer.
Casey Howard stated, “Our client and our team were extremely pleased with the outcome of this sale. We had multiple competing offers over asking price within just a few days after taking this asset to the market. Demand is very high along the Hwy 119 retail corridor for buildings like this that can be purchased both as an owner-occupier option or an investment play, due to the high tenant activity.”