Atlanta Mixed-Use Property Sells for $21M

The nine-building asset, which encompasses office, showroom, retail and warehouse space, is located along a strong office and retail corridor in the metro's North Fulton submarket.

Mansell Commons Business Park in Alpharetta
Mansell Commons Business Park in Alpharetta, Ga.

Colliers International completed the sale of Mansell Commons Business Park, a 223,251-square-foot asset in Alpharetta, Ga. The nine-building property changed hands in a $21.2 million deal and comprises office, showroom, retail and warehouse space.

Dennis Mitchell and Matt Wirth, senior vice presidents with Colliers’ Atlanta-based Industrial Investment Services Group, represented the seller, Atlanta Property Group LLC. The buyer was Roswell-based Mimms Investments. According to Yardi Matrix data, the business park also became subject to a $13.3 million acquisition financing originated by Woodmen of the World Life Insurance Society, set to mature in April 2035.

Mansell Commons Business Park is located at 1007 Mansell Road, along a strong office and retail corridor in Atlanta’s North Fulton submarket. Constructed between 1984 and 1987, the property previously sold for $18.4 million, when Atlanta Property Group acquired it from First Industrial Realty Trust in 2007, Yardi Matrix data shows.

Image courtesy of Yardi Matrix