Marcus & Millichap Sells Pavilion At Southlake Retail Center In Morrow, Georgia For $5.5M

The asset involved in this transaction is a retail property located at 1331-1389 Mount Zion Road in Morrow, GA. The sale price for the property was $5,500,000, encompassing a total square footage of 65,267, resulting in a price per square foot of $84. The property is 92% leased and includes tenants such as Humana and Bank of America.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,500,000
• Address: 1331-1389 Mount Zion Road
• Market: Morrow, GA
• Square Footage: 65,267
• Price per Square Foot: $84
• Buyer's Representative: Eric Abbott & Zachary (Zach) Taylor - Marcus & Millichap
• Seller's Representative: Jeff Enck - Matthews Real Estate Investment Services

The buyer in this transaction was a group of high-net-worth doctors, represented by the Atlanta team from Marcus & Millichap. The deal was facilitated by Matthews Real Estate, which represented the seller. The property is known as the Pavilion at Southlake.