Furniture stores change hands in Georgia
Florida investor completes tax-deferred exchange
By Inman News, Tuesday, August 10, 2004.Inman News®
Marcus & Millichap negotiated the sale of the newly constructed Sofa Express/Thomasville Furniture properties in Buford, Ga.
The total value of the two single-tenant, net-leased buildings was $11.4 million.
The properties are located on Buford Drive in northwest Atlanta directly across from the 1.7 million-square-foot Mall of Georgia. The properties were recently completed and collectively comprise 28,452 rentable square feet on approximately 2.5 acres.
An Atlanta-area developer sold the property via a 1031 exchange to Orlando, Fla.-based CNLRS Acquisitions Inc.
Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.
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