January 24, 2023

M&P sells a single-tenant Marietta Property

855 Whitlock Ave

M&P sold a single-tenant asset located at 855 Whitlock Ave in Marietta, GA after a 5-year hold. Originally purchased in 2017, the 1.29-acre site is home to a 1,855-square foot Enterprise Rent-A-Car that has a long-term lease.

A private investor purchased the property at a cap rate of 5.3% as part of a 1031 exchange. Palomar Group in Augusta, GA represented the seller in the transaction.