Marcus & Millichap Sells University Point Retail Center In Kennesaw For $5.5M
1133 Chastain Road
$5,500,000
$429/SF
Building Size
12,800 SF
Asset Type
Retail
Closing
Dec 9, 2025
AI
The asset involved in this closed transaction is a retail center located at 1133 Chastain Road, Kennesaw, GA, with a sale price of $5,500,000. The property spans 12,800 square feet, resulting in a price per square foot of $430.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,500,000
- Square Footage: 12,800
- Address: 1133 Chastain Road
- Market: Kennesaw, GA
- Brokers: Zachary (Zach) Taylor & Eric Abbott - Marcus & Millichap
The sale was brokered by Marcus & Millichap, and the property is known as University Point, home to tenants including Mellow Mushroom, WingStop, and Insomnia Cookies. The seller was a private Atlanta-based real estate owner, with representation provided by Zach Taylor and Eric Abbott. The identity of the buyer remains undisclosed.
Players
Kennesaw Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93