ALL CASH BUYER
Multiple offers, buyer closed with all cash
TRANSACTION CERTAINTY
Loan defeasance involving multiple properties
IPG SHOPS
Bringing institutional grade investment brokerage to unanchored retail shops
Transaction Execution
The asset was encumbered with strict Wal-Mart restrictions that severely limited restaurant and other uses. The former bank space had been vacant for nearly two years. The buyer understood the location and was able to take on a challenged property and closed, despite waiting through a challenging cross-collateralized loan defeasance.
SRS REAL ESTATE PARTNERS | 3445 Peachtree Rd NE, Suite 950 | Atlanta, GA 30326 | 404.231.2232 This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. SRSRE.COM/IPG 10,000± SF Offering GLA 66.94% Occupancy Atlanta MSA Location $3,750,000 Price August 2023 Date Closed
Investment Highlights
Asset Sold Retail Outparcel Land 1.44± AC Years Built/ Renovated 2001/2003 Overview Contact JEFF ENCK Senior Vice President, IPG 678.686.0259 jeff.enck@srsre.com GA License No. 210921 BORIS SHILKROT Associate, IPG 678.420.1388 boris.shilkrot@srsre.com GA License No. 391741 Shadow Tenant National Tenants Multi-Tenant Case Study 976 MANSELL RD | ROSWELL, GA 30076 The Shops of Mansell
SRS REAL ESTATE PARTNERS | 3445 Peachtree Rd NE, Suite 950 | Atlanta, GA 30326 | 404.231.2232 This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. SRSRE.COM/IPG
Aerial
Aerial Multi-Tenant Case Study 976 MANSELL RD | ROSWELL, GA 30076 The Shops of Mansell
Market
Property