Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, was involved in the sale of Garners Ferry Crossing, a 45,270 square-foot Walmart Shadow Center in Columbia, for $7,850,000.
The property sold with a 7.5% cap rate, John M. Leonard, regional manager of the firm’s Atlanta office, said in a news release.
“Leveraging from vast network of relationships and meticulously developed vetting process, my team was able to identify a high-caliber buyer, who closed on contract terms,” Leonard said in the release.
“I have known Peter Hogan with Rotella Group for several years, who represented the buyer,” Al Taf, the senior vice president of investments at Marcus & Millichap, said in the release. Al Taf has worked from the Atlanta office of Marcus and Millichap since 1999.
Taf, an investment specialist, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. Broker of Record, Ben Yelm, helped with the transaction.
Garners Ferry Crossing is located at 7546 Garners Ferry Road at the signalized intersection with Daphne Road. The center’s tenants include a variety of retail, dining and service-based businesses including Dollar Tree, Shoe Show, Cato, GameStop, H&R Block, Boost Mobile, American Deli, Kathy’s, Nails, JD’s Fashions, and Regional Finance Corporation.