The 190,167-square-foot, Burlington-anchored heart is situated alongside Buford Freeway close to the interchange with I-285.

Dorville, GA – Institutional Property Advisors (IPA), a division of Marcus & Millichap, has organized the $23.2 million sale of Dorville Plaza, a 190,167-square-foot procuring heart in Dorville. Burlington-Anchor Middle is situated alongside Buford Freeway close to the interchange with I-285. A regionally primarily based group of buyers bought the property from an entity doing enterprise as Doraville Plaza Buyers LLC, together with the belief of an current CMBS mortgage. IPA’s Zach Taylor, who represented the vendor within the transaction, says there may be potential for future redevelopment at Doraville Plaza.

“CMBS mortgage assumptions are powerful and normally cut back the customer pool. Nevertheless, rising rates of interest and demand for well-located retail property facilities like Doraville Plaza labored in our favor,” says Taylor. “The underlying actual property location and future redevelopment potential created a aggressive bidding setting.”



Supply hyperlink