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

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SOLD
$5,500,000

Georgia

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Retail65,267 SF
Sold 07/15/2025
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Property Image
SOLD

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

1331 1389 Mount Zion Road

See Similar Deals
Retail65,267 SF
Sold 07/15/2025
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Summary

GEORGIA
Asset Type:Retail
Price Per Square Foot:$84
Total Square Footage:65,267 SF
Transaction Type:Sale

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.

Players

Jeff Enck
6 deals$39M volume(404) 849-1631
BROKER

Zachary (Zach) Taylor
Marcus & Millichap
42 deals$355.9M volume(678) 808-2780
BROKER

Eric Abbott
Marcus & Millichap
30 deals$169.6M volume(678) 808-2746
BROKER

Matthews
BROKERAGE

Details

SOLD
IMAGE: 07/15/2025 ADDRESS: 1331-1389 Mount Zion Road MARKET: Morrow, GA ASSET TYPE: Retail BUYER'S REP: Eric Abbott & Zachary (Zach) Taylor - Marcus & Millichap SELLER'S REP: Jeff Enck - Matthews Real Estate Investment Services SALE PRICE: $5,500,000 SF: 65,267 ~ PPSF: $84 NOTE: Marcus & Millichap sold the Pavilion at Southlake in Morrow, GA, for $5.5M; the 92% leased retail center includes tenants like Humana and Bank of America. The buyer, a group of high-net-worth doctors, was represented by Marcus & Millichap’s Atlanta team, with the seller handled by Mathews Real Estate.

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
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