March 20, 2013
Ackerman & Co. Sells Single Tenant ABRA Auto Body & Glass
Atlanta, March 20, 2013 – Ackerman & Co. has brokered the sale of a 27,500-square-foot retail building in Stone Mountain, Ga. for $1,150,000 to ABRA Auto Body & Glass. The 2.2-acre property is located along the busy intersection of I-78 and Ross Road and is adjacent to major retailers Office Depot, The Sports Authority, Petsmart and The Home Depot, to name a few.
The seller, Summit Investments, was represented by the Ackerman & Co. investment sales team of Sean Patrick and Jason Powell. The former Stone Mountain Harley Showroom was purchased by Realty Income. ABRA Auto Body & Glass is a recognized leader in auto body, auto glass and paintless dent repair industry with more than 140 locations. This sale was a unique opportunity for a national user to take advantage of current market pricing and combine a number of local area facilities into their new prototypical layout. ABRA was represented by Bart Cross with Coro Realty.
– About Ackerman & Co. –
Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired more than 30 million square feet of office, medical, retail and mixed-use space, has nearly 4 million square feet under management, and maintains an investment portfolio valued at $750 million.
The company’s Investment Sales and Retail team provide unsurpassed institutional underwriting and marketing that ensure optimum financial results. Our clients trust us with more than $300 million of active listings.
For more information on Ackerman & Co., visit www.ackermanco.com