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 Red Oak Village, a 75,011-square-foot retail center in Atlanta, Georgia, for $9 million. 

“Strategically located in one of the region’s most dynamic corridors, this property represents a major win for both our team and our client,” said Salim Valiani, first vice president investments. “The deal involved creative seller financing negotiations for a 1031 exchange buyer, showcasing our team's creativity, market expertise and access to a pool of active investors.” 

Valiani and Alex Goodale, investment specialists in Marcus & Millichap’s Orlando office, exclusively marketed the property on behalf of the seller, Y & H Property Inc., and procured the buyer, BJ & Properties LLC. John Leonard is the firm’s broker of record in Georgia.  

Located at 3435 Roosevelt Highway, the four-building center spans 9.86 acres and is home to 22 tenants, including Family Dollar, Wayfield Foods, T-Mobile and the U.S. Postal Service. All tenants operate under triple-net leases. The property is five miles from Hartsfield-Jackson Atlanta International Airport and recently underwent capital improvements, including new roofs, upgraded HVAC systems and exterior renovations. 

“This transaction is a testament to our ability to identify value, move decisively and create opportunities where others might see obstacles,” added Valiani. “3435 Roosevelt Highway is more than just an address, it’s a symbol of what’s possible when vision meets execution.”