$750,000 Price Reduction - 14.5% Pro Forma CAP
Value Add Opportunity
Marketing description
Marcus & Millichap is pleased to present Eastdale Plaza, a 41,800 square foot shopping center built in 1988 and positioned on 6.29 acres. A 1.5 acre pad site is included for future expansion of the shopping center. The subject property is ideally situated near Eastdale Mall, Faulkner University, Auburn University at Montgomery, and Baptist Medical Center East. Eastdale Mall is anchored by JC Penney, Dillard's, and Belk. These nearby institutions provide the property with a permanent location advantage driving traffic and tenant sales.
Investment highlights
41,800 Square Foot Value Add Opportunity on 6.29 Acres
Immediate Upside Through Leasing Vacant Units and Raising Rents to Market
Ideally situated near Eastdale Mall, Faulkner University, Auburn University at Montgomery, and Baptist Medical Center East
A 1.5 Acre Pad Site is Included for Future Expansion of the Shopping Center
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