Branch Properties Pays $6M+ for Jonesboro Property

Northcam Corp. acquired the property at 6667 Tara Blvd. in Jonesboro, GA, from Holrob-Georgia LLC, an entity of Branch Properties, for $6.35 million, or about $234 per square foot.

Shops at Tara was completed in July of this year. The shopping center offers 27,167 square feet on 4.35 acres. There is a dedicated turn lane and a signalized intersection. The property sold with a 7.3% cap rate.

Jesse Shannon with Easlan Capital of Atlanta Inc. represented the seller. David Fletcher with Wagner Realty represented the buyer.

Please refer to CoStar COMPS #1446147 for more information on this transaction.

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source: costar.com