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Avison Young Brokers $4.2 million sale of CVS-occupied property in Sandersville, GASeptember 21, 2021
Los Angeles, CA – Avison Young announced today it has brokered the $4.2 million sale of a 12,089 square-foot (sf) single-tenant retail property occupied by CVS at 206 S. Harris Street in Sandersville, GA.
Avison Young Principals Chris Maling and David Maling, who are based in the company’s downtown Los Angeles office, represented the buyer, Los Angeles-based 710 E. Katella. The seller, a private equity group from New York, was represented by Cushman & Wakefield.
Built in 2006, the property is situated on just over 1.6 acres of land in the heart of Sandersville. The site is located one block south of Washington County Courthouse in the center of town.
“This essential-needs retailer has been at this location since 2006 and has 19 years remaining on its corporate-guaranteed triple net lease,” said Chris Maling. “The new ownership saw the intrinsic value in the tenant and its consistently strong sales.”
He added, “This is another example of California capital looking to exit the state and invest in other states across the country.”
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For more information:
- Chris Maling, Avison Young +1 213 618 3824
- David Maling, Avison Young +1 213 618 3825