Done Deals: Aug 28, 2015

Friday, August 28, 2015

Bull Realty Brokers $2.8 Million Sugarloaf Walk Shopping Center Sale in Lawrenceville, GA

John Harrison

ATLANTA, GA — Bull Realty brokered the sale of Sugarloaf Walk Shopping Center, a 22,685 sq ft retail strip center in Lawrenceville, GA. The sale closed on July 17, 2015 for $2.825 million.

John Harrison and Frank Meyrath of Bull Realty’s National Retail Group represented the seller, Sugarloaf Walk Shopping Center, LLC, a private investment group based in Houston, TX with a satellite office near Athens, GA.

“Our marketing generated multiple offers,” said Meyrath. Adding, “What was amazing is that competition got quite heated as a New York area investor outbid a Chicagoan and a local Atlanta based investor.”

The property is well located in Gwinnett County with strong traffic counts and over 69,000 population within a 3 mile trade area.

The buyer was Sugarloaf Parkway, LLC.

For a complete copy of the company’s news release, please contact:

Melissa Henry

Communications Associate

Bull Realty, Inc.

50 Glenlake Pkwy, Suite 600

Atlanta, GA 30328

404-876-1640 x 110

Michael Bull

ATLANTA, GA —Bull Realty brokered the sale of a CVS in Cullman, AL, a 13,600 sq ft freestanding retail building. The sale closed on August 5, 2015 for $4.9 million.

Michael Bull, CCIM with Bull Realty, represented a local 1031 Exchange buyer, Guggie H, LLC, in the purchase of a triple net investment opportunity, with a corporate guaranteed lease to CVS with 25 years on primary term.

Strategic 1031 Exchange Advisors, LLC acted as a Qualified Intermediary. The seller, LL Cullman AL, LLC, was represented by John Glass with Marcus & Millichap.

“The purchaser utilized a 1031 to exchange from an older asset with a low cash flow in San Francisco into a newer safe income-stream property,” said Bull.

Bull Realty, Inc. (www.BullRealty.com) is a U.S. commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in nine states providing acquisition, disposition, leasing and advisory services. The firm also produces and hosts the nationally-syndicated Commercial Real Estate Show (www.CREshow.com). The popular weekly show is broadcast on 40 radio stations nationwide, iTunes, YouTube and CREshow.com.