Marcus & Millichap brokers USD 3.14 million sale of net-leased Verizon property in Atlanta MSA

Verizon Communications Inc.
Marcus & Millichap

Verizon Communications Inc.

VZ

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Marcus & Millichap

MMI

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  • Marcus & Millichap brokered the sale of a net-leased Verizon retail property in Hiram, Georgia, for USD 3.14 million.
  • Asset spans 4,500 square feet on 0.76 acres at 4971 Jimmy Lee Smith Parkway; built in 2007 as a Verizon build-to-suit.
  • Verizon signed an eight-year lease extension, leaving nearly 11 years of remaining lease term at the time of sale.
  • Private California-based seller exited to a private Florida-based buyer completing a 1031 exchange.


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