Bypass shopping center sells to new owner

Published 11:00 am Thursday, July 27, 2023

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Matthews Real Estate Investment Services, a commercial real estate investment services and technology firm, completed the $5,800,00 sale of a grocery-anchored multi-tenant retail center located at 540 West Bypass in Andalusia.

Matthews Associate Alexander Machado, Senior Associate Daniel Gonzalez, and First Vice President Johnny Blue Craig represented the seller in the transaction.

The retail center is 91,690 square feet and anchored by Tractor Supply, Marvin’s, and Pic-N-Save, featuring an e-commerce and recession-resistant tenant mix. The property was 100 percent occupied at the time of sale.

“Strong anchors made this investment an attractive option for buyers as it benefits from a high-traffic location and a top-performing local grocer,” Machado said. “We were able to market these factors and create a competitive bidding environment.”

The seller is a national investor whose objective was to reposition capital. Matthews agents sourced the buyer, who was in a 1031 exchange.

“We had an existing relationship with both the buyer and seller, which made for a smooth escrow and an efficient closing,” Craig said.

For more information or to contact Matthews, visit