University Place

  • Location: Huntsville, Alabama
  • Type: Retail
  • Size: 169,585 square feet
  • Acquisition Price: $27,000,000
  • Acquisition Date: April, 2019

Comments: Located in Huntsville, Alabama’s hi-tech hub, also known as “Rocket City”, this community center is projected to yield an average 10.05% cash-on-cash return over a ten year period.
University Place is at “Main and Main”, sitting at the main entrance of the Cummins Research Park, second largest of its kind in the US, and within a 10 minute drive of the Redstone Arsenal military base – with 45,000 personnel.
University Place has 33 tenants and enjoys a 100% occupancy rate.