Home Depot store sold in Georgia
High-net investor named as buyer
By Inman News, Thursday, March 13, 2008.Grubb & Ellis Realty Investors LLC this week announced the acquisition of a Home Depot property in Austell, Ga., on behalf of a private investor.
Sold by The Sembler Co. for an undisclosed price, single-tenant property has nearly 131,000 leasable square feet located on approximately 15 acres of land. It is located at the intersection of Floyd Road and the East-West connector.
The buyer is a high-net-worth individual purchasing through Grubb & Ellis' Wealth Management Program.
At the time of sale, the property was 100 percent leased to Home Depot.
***
What's your opinion? Leave your comments below or send a letter to the editor.
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
You must login or register to post a comment.
Submitted by Alex Greb on June 8, 2008 - 5:55pm.
Well thats what happens when your sales are down 25%. I'm sure more stores will follow. Especially in the new home driven markets.
Alex Greben (Selling Real Estate in Portland)
Portland Oregon Real Estate | foreclosure portland