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Rialto Capital Management Sells Vacant Retail Building in Valdosta, Georgia

17 Jun 2016

TTG Properties, LP, has purchased a 9,358-square-foot vacant retail building located in Valdosta, Georgia, from Rialto Capital Management for $670,000. Chip Sipple and Kirk Williams of Lincoln Property Company (Lincoln) represented the seller. Clay Browning with Commercial Real Estate Advisors LLC provided local expertise and assisted Lincoln with the sale.

“This property is located in the fast–growing Five Points submarket of Valdosta, which has seen great improvement over the past several years,” Sipple said. “The property is located in close proximity to strong demographics and other major retailers including a Walmart Superstore.”

The building, located at 3119 N. Oak St. Extension, is the former location of the Potter’s House Christian Retail Store, which closed in 2013. The property benefits from its location inside the city limits of Valdosta in the Five Points submarket.