Retail Investment Team Brokers $6,900,000 Sale of Academy Sports & Life Church Big Box Retail Center

The Price Edwards Retail Investment Team is proud to announce the sale of Academy Sports & Life Church Big Box Retail Center. Ali Ghaniabadi, doing business as Brady's Plaza, LLC, purchased the property from Walker 78 Company, out of state owners from New York City. The center is a 105,920 square foot center sold at 100% occupancy with a stable rent roll.

Academy Sports & Life Church Shopping Center was sold on September 22nd, 2017 to Brady's Properties at a per square foot price of $65.14. The property was recently renovated in 2015 and sold at a 9.16% CAP Rate. 

Paul Ravencraft, Phillip Mazaheri, CCIM and George Williams with Price Edwards Retail Investment Team handled both sides of the transaction.