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| Will Young |
ATLANTA, GA – Will Young, an Associate Broker with
the National Retail Group at Bull Realty, brokered the sale of “Wisdom Pointe”
retail center totaling 22,475 SF in Peachtree City, GA. The sale closed on May
26th for $5,050,000 ($224.7/ SF) at a 7.2% cap rate.
Built in 2003, Wisdom
Pointe was 100% occupied at the time of sale. The center has a varied mix of
tenants – nine in total – including Mellow Mushroom, Noche, Sushi Tomi, Grinds
and Wines and Tavern on 74.
The property was
exclusively listed by Will Young, who represented the seller, Northgate-Wisdom
Pointe, LLC. The buyer, JW Wisdom Pointe, LLC, was represented by Brian Lane with Shane.
“Investors are willing to
pay a premium for quality retail centers located both in and around the
affluent Peachtree City Submarket, which has very strong demographics and
recently has experienced substantial growth,” said Young.
For a
complete copy of the company’s news release, please contact:
Melissa Henry
Communications Manager
Bull Realty, Inc.
404-876-1640 x 110
BullRealty.com
CREshow.com
ATLCREshow.com
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