Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA–Lowe’s Home Improvement Center in Gainesville, GA, about 48 miles from Atlanta, has sold $7.2 million or $58.09 per square foot with a cap rate of 9.22%, to a real estate investor based here. The seller was V&V Lakeshore, Ltd. of Youngstown, OH, a private investor. The purchase included a total gross leasable area of 123,948-square feet which includes shop space for two small tenants along with the Lowe’s store. The transaction also included nearly 13 acres. 


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.