We are thrilled to share some exciting news with you! Jacobs Real Estate Advisors has expanded its portfolio with the recent acquisition of the prominent Shoppes at Pell City in Alabama.
This marks our third acquisition in Pell City, as we see this area as a strategic location with immense potential. Our previous acquisitions, the Hampton Inn, Pell City, and Holiday Inn, Pell City, have provided us with valuable insights into the city’s growth trajectory and economic vitality.
Spanning an impressive 53,072 square feet, the Shoppes at Pell City occupy a prime location on the corner of 7th Street N and Martin Street N. This strategic positioning has attracted a diverse range of national and local tenants, resulting in strong occupancy rates. Anchored by Beall’s Outlets, the retail center features four suites and encompasses 4.24 acres of land.
Pell City’s remarkable growth in recent years has made it a hot spot for real estate investments. Its strong local economy, favorable demographics, and supportive business climate have captured the attention of investors like us.
As dedicated stakeholders in the city, we believe in Pell City’s potential for further development. Our team is actively exploring additional opportunities in the area, aligning with our vision for a thriving commercial and residential hub.
Thank you for joining us on this exciting journey. As we continue to believe in the potential of Pell City, we are actively seeking new opportunities for acquisitions in the area. We invite brokers to reach out to us with any potential deals that align with our vision. Together, let’s foster the growth and prosperity of Pell City and its vibrant community.
- Address – 613 Martin Street Pell City, Alabama
- Purchase Price – $3,250,000
- Square Feet – 58,000
