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Hix Snedeker Sells Retail Bldg. Leased to Tractor Supply Co. in Mobile

Private Investor Pays $3.7M for 19,000-SF Structure
March 5, 2018
Hix Snedeker Cos., a local development company with more than 4.1 million square feet of projects, sold a 19,097-square-foot retail building in Mobile, AL to a private investor based in Los Angeles for $3.7 million, or approximately $193 per square foot.

The single-story building is leased to Tractor Supply Co. on a 15-year term. Hix Snedeker developed the retail building in 2017 less than two miles from the Mobile Regional Airport.

Jack Farritor, vice president of Quantum Real Estate Advisors, and Angela Leftis, senior accountant of Hix Snedeker, brokered the deal on behalf of the seller.

According to Farritor, the property was on the market for less than one week and the all-cash deal closed in 45 days.

Please refer to CoStar COMPS #4148571 for more information on this transaction.
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