Atlanta, GA – Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, brokered the sale of A&B Home Outlet, a single-tenant industrial property located at 4747 Nelson Brogdon Boulevard, Buford, GA. The property sold for $6.3M, $900,000 above the list price. Senior Associate Harrison Auerbach and First Vice President and Senior Director Alexander Harrold handled the transaction.
Matthews™ represented the seller, owner of A&B Home Outlet, who was interested in disposing of the property to relocate into a larger facility to accommodate their growing business. Matthews’ agents utilized their national database to receive offers from across the U.S. and create a competitive bidding environment, driving up the final sale price. The seller received a profitable price point and an efficient close without delays.
“Our nationwide reach through our database allowed us to receive multiple offers, create a bidding war, and ultimately reach a great price for our client,” Auerbach said. “This deal is a great example of how working with an experienced broker will lead to more money in the owner’s pocket due to our negotiation skills and resources.”
The buyer, a Northeastern real estate private equity firm, bought the property to obtain additional space for one of their tenants. The firm received an asset that serviced the tenant’s needs, maintaining the valuable relationship.
“This property was the perfect fit for these buyers as it fits their tenant’s requirements and closed in a timely matter, allowing the tenant to move in quickly,” Harrold said. “We were happy to get this deal across the finish line before the end of the year while achieving both the buyer’s and seller’s investment goals.”
Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 400 agents and support staff in over 13 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
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