Marcus & Millichap Inc.
05/26/2026 | Press release | Distributed by Public on 05/26/2026 17:16
Marcus & Millichap Brokers $3.14M Sale of Net-Leased Verizon Property in Atlanta MSA
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Marcus & Millichap Brokers $3.14M Sale of Net-Leased Verizon Property in Atlanta MSA
May 26, 2026
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HIRAM, Ga., May 26, 2026 - 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 net-leased Verizon property located in Hiram, Georgia, for $3.14 million.
"Verizon's early lease extension prior to the property being brought to market created a highly desirable long-term investment opportunity with nearly 11 years of remaining lease term," said Sam Malato, director investments. "The buyer was completing a 1031 exchange and sought a low-management retail asset in a growing market with strong consumer traffic and long-term fundamentals."
Malato and Dominic Sulo, investment specialists in Marcus & Millichap's Chicago Oak Brook office, in association with John Leonard, Marcus & Millichap's Georgia broker of record, had the exclusive listing to market the property on behalf of the seller, a private California-based investor, and procured the buyer, a private Florida-based investor completing a 1031 exchange.
The 4,500-square-foot Verizon property is situated on 0.76 acres at 4971 Jimmy Lee Smith Parkway. It was built in 2007 as a build-to-suit for Verizon, and the tenant recently signed an eight-year lease extension. The property is adjacent to major national retailers including Walmart Supercenter, The Home Depot, Sam's Club and Target.
"Verizon's early lease extension prior to the property being brought to market created a highly desirable long-term investment opportunity with nearly 11 years of remaining lease term," said Sam Malato, director investments. "The buyer was completing a 1031 exchange and sought a low-management retail asset in a growing market with strong consumer traffic and long-term fundamentals."
Malato and Dominic Sulo, investment specialists in Marcus & Millichap's Chicago Oak Brook office, in association with John Leonard, Marcus & Millichap's Georgia broker of record, had the exclusive listing to market the property on behalf of the seller, a private California-based investor, and procured the buyer, a private Florida-based investor completing a 1031 exchange.
The 4,500-square-foot Verizon property is situated on 0.76 acres at 4971 Jimmy Lee Smith Parkway. It was built in 2007 as a build-to-suit for Verizon, and the tenant recently signed an eight-year lease extension. The property is adjacent to major national retailers including Walmart Supercenter, The Home Depot, Sam's Club and Target.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on May 26, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 26, 2026 at 23:17 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]