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<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
 justify-content: center; font-family: Inter,sans-serif; ">
 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2Fe060e929-81d5-4932-86b1-02808d48156f%2Faed82a1a-4dc8-49eb-8fff-402a9228082d" onerror="this.style.display='none'" alt="Mobile Festival Centre Image" style="object-fit: cover; width: 200px;" />
 Retail 
 
 Mobile Festival Centre
 
 Mobile, AL 
 By Transwestern

 <a href="/user/5e9fd160-14f0-43fd-a7ef-fb9017c928a6" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">John Bell</a>
 
 Senior Managing Director
 
 
 <a href="tel:3058087820" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">3058087820</a>
 

 <a href="https://platform.reverecre.com/project/e060e929-81d5-4932-86b1-02808d48156f" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
 View Listing
 </a>
 </div>

Part of the Transwestern companies, Transwestern Development Company (TDC®) is a diversified business that develops logistics, multifamily, office, mixed-use, healthcare and life sciences properties. Since 2012, TDC’s pipeline of completed and in-process projects exceeds $4 billion, consisting of 22.9 MSF of industrial, 5,282 multifamily units, 2 MSF of office and 550,000 SF of healthcare. At present, TDC has more than $1.8 billion of projects under construction or with near-term starts in 15 cities and nine states including 13 MSF in industrial projects in pre-development planning stages nationwide.

TDC invests capital alongside its institutional and private equity partners to develop speculative and build-to-suit projects and serves as a fee developer for clients and owner-occupiers. TDC leverages the market insight and expertise of the Transwestern real estate organization, which includes a diversified real estate services firm with 34 U.S. offices and a real estate investment management company.

Senior Managing Director

Transwestern’s Southeast Investment Sales Team is pleased to exclusively present for sale the Mobile Festival Centre, a 385,775 SF retail center in Mobile, Alabama.

Ask Price: $22.85 Million / 8.25% Cap / $59/SF

Value-Add Investment Opportunity: Stability with Upside

132,334 SF upside leasing opportunity, 65.7% leased with strong existing income.

94% Stabilized NOI Upside: Well capitalized new owner convert demand for vacancy to occupancy.

New Restaurant Depot 35,000 SF LOI Converting to Lease.

 Academy Sports, America’s Thrift Store, Guitar.

Southeast Investment Sales Team

Value-Add Investment - Significant Upside

44.42 Acre Redevelopment Opportunity - Covered Land Play Optionality  


Overview

Investment Highlights

Photo Gallery

Southeast Investment Sales Team

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