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| Julie Clyburn |
At the time of sale, Bank of America Center was more
than half occupied by Bank of America and featured two vacant suites.
Stan Johnson Company’s Doug Clyburn and Julie
Clyburn represented the seller, a private investor from Watkinsville,
Georgia.
The buyer, a developer from Atlanta, Georgia, was
represented by Jeff Enck of Stan Johnson Company. The asset traded for
more than $1.0 million reflecting a 5.60 percent cap rate.
 |
| Doug Clyburn |
“The center is located in the heart of Winder,
Georgia, which is a prosperous and growing community in Barrow County – the 24th fastest
growing county in the nation.”
Originally built in 1970, Bank of America has operated at this site for more than 38 years.
The property is located on a 1.8-acre corner lot with direct access to three roadways and visibility to one of the town’s busiest thoroughfares.
 |
| Jeff Enck |
The city of Winder is located 50 miles northeast of downtown Atlanta and approximately 20 minutes west of the University of Georgia’s main campus in Athens.
“The buyer was pleased to acquire a well-located property
with the rare combination of credit and upside,” added Enck, Associate Director
in Stan Johnson Company’s Atlanta, Georgia office.
CONTACT:
David Ebeling
Ebeling Communications
949.861.8351
949.278.7851 (Cell)
Member of the National Association of Real
Estate Editors (NAREE)
“PR Strategist for the Commercial Real
Estate Industry: I do what I love and love what I do.”
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