Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a Deerfield Village, a 16,500-square-foot retail center in Alpharetta, Georgia for $6,285,000.

"This is another example of the tremendous demand for unanchored strip centers with strong fundamentals," said Eric Abbott, senior associate. "Buyers were drawn to the outstanding demographics of the Alpharetta submarket, and we sourced 16 offers in just two weeks."

Abbott and Zach Taylor, investment specialists in Marcus & Millichap’s Atlanta office, exclusively marketed the property on behalf of the seller, an Atlanta-based private investor and procured the buyer, an out-of-state institutional fund

Deerfield Village is located in the premier retail corridor of Windward Pkwy in Alpharetta, a dense and affluent North Atlanta suburb. The fully leased retail center includes longstanding tenants, Ichiban for more than 20 years and Nahm for over 15 years. The property is situated on a major retail corridor with 38,300 vehicles per day, near Interstate 400, with other national retailers nearby, including Walmart, Costco, and Lowe’s.