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| Daniel Hurd |
LUTHERSVILLE, GA – Marcus
& Millichap (NYSE: MMI), a leading commercial real estate investment
services firm with offices throughout the United States and Canada, announced
the sale of Dollar General, a
9,100-square foot net-leased property located in Luthersville, Georgia,
according to Ari Ravi, regional
manager of the firm’s Tampa office. The asset sold for $968,000.
Daniel Hurd,
associate in Marcus & Millichap’s Tampa office, had the exclusive listing
to market the property on behalf of the seller, a limited liability
company.
The buyer, a limited liability
company, was secured and represented by Hurd. Michael Fasano, broker, assisted in closing this transaction.
Dollar General is located
at 164 South Main Street in Luthersville, Georgia. Constructed in 2010, the
subject building is 9,100 square feet and sits on approximately 1.09 acres of
land.
Dollar General currently operates in more than
43 states and focuses on the sale of items such as foods, snacks, health and
beauty aids, housewares, cleaning supplies and seasonal items. The company has
been rapidly expanding and is set to open approximately 800 new locations this
year.
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| Michael Fasano |
“As a result of our
strategic marketing campaign we generated multiple offers on this listing which
resulted in a sale to an out-of-area buyer,” says Hurd.
“This was an excellent
opportunity for the buyer to take advantage of historically low interest rates
and aggressive financing options to maximize his return on investment.”
“Marcus & Millichap
has sold over 92 Dollar General stores so far this year, and is on pace exceed
2015 numbers,” concluded Hurd.
For a complete copy of the company’s news release,
please contact:
Ari Ravi
Regional Manager
Tampa, FL
(813) 387-4700
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