Essential Growth Properties Acquires Retail Center In Dacula Georgia For $13.4M With JLL Representation

The property asset involved in this transaction is a retail center located at 831 Auburn Road in Dacula, GA. The sale price for this 17.1-acre site was $13,400,000, with a total square footage of 75,000 and a price per square foot of $179.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $13,400,000
• Buyer: Essential Growth Properties
• Seller: Watkins Real Estate Group
• Brokers: Jim Hamilton, Brad Buchanan, Andrew Michols & Charlie Merrigan - JLL
• Occupancy Rate: 94%

The deal was facilitated by JLL, which represented the seller, Watkins Real Estate Group. The property is anchored by Publix and is located in an area noted for strong demographics and future development potential.