Cleeman Realty Group is pleased to announce the $4,444,400 sale of Island Road Shopping Center, a Winn Dixie anchored retail center located in Theodore, Alabama. The property sits on approximately 6.25 acres and consists of 59,882 SF. The property was 100% occupied at the time of sale including a Winn Dixie that has been serving the community for over 40 years.
Michael Cleeman of Cleeman Realty Group represented the buyer and Nathan Handmacher of Zarzour Companies represented the seller in the off-market transaction.
“The property was a good fit with other retail properties in the area owned by the purchaser as well as other Winn Dixie anchored properties in their portfolio,” said Cleeman.
Cleeman Realty Group is a full-service real estate advisory and investment group, specializing in the investment sales of retail properties throughout the United States. The Cleeman team utilizes deeply rooted industry contacts to identify and evaluate off-market transactions with unparalleled efficiency. To sell your property or to inquire about our available acquisition opportunities, please contact one of our team members at www.cleeman.com