L.A. Group Buys Mansell Square Shopping Center for $5M

Pinehill Investments Inc. sold Mansell Square Shopping Center at 875 Mansell Road in Roswell, GA, to Los Angeles, CA-based Inspired Ventures for $5.39 million, or approximately $240 per square foot, with a 6.94% sellers cap rate.

Mansell Square Shopping Center is a Class C, 22,458-square-foot strip center constructed in 1985.

Tyson Glasser and Mark Cooley of The Shopping Center Group LLC represented the seller. Inspired Ventures was represented in-house.

Please refer to CoStar COMPS #1405535 for more information on this transaction.

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source: costar.com