TWO GEORGIA AUTO PARTS STORES SOLD

DOUGLASVILLE AND RIVERDALE, GA. — Mac McCall of Marcus & Millichap’s Atlanta office has represented an Atlanta-based developer in the sale of two Advance Auto Parts stores for a total of $3.98 million. An Advanced Auto Parts store in Douglasville was sold to an out-of-state private investor in a 1031 exchange for $2.01 million. The property is located at 8350 Duncan St. Bank of the West financed the purchase. John Glassmoyer of CB Richard Ellis’ Phoenix office represented the buyer.
An Advanced Auto Parts store at 6905 Highway 85 in Riverdale also was sold by the preferred developer to an out-of-state private investor for $1.97 million. The purchase, part of a 1031 exchange, was financed by the Tennessee Valley Credit Union. Oliver Smith of Knoxville-based Oliver Smith Realty represented the buyer.