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| Melissa McKenzie |
LOS ANGELES, CA -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a 27-property portfolio of single-tenant retail buildings located across 18 states.
The 340,000-square-foot portfolio included properties
ranging from 5,100 square feet to 23,500 square feet and included 11 distinct
tenant brands spanning a wide range of retail segments, including dollar stores
and discount retailers, automotive suppliers and servicers, farm stores and
home improvement retailers.
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| Zach Harris |
Stan Johnson Company’s Zach Harris, Jeff Hughes and Melissa McKenzie represented the seller, a Midwest-based private family office. An institutional investor purchased the portfolio for $68.4 million. The cap rate was not disclosed.
“We received a strong level of interest in this diversified
net lease portfolio from a number of very qualified groups,” said Harris,
Director in Stan Johnson Company’s Tulsa, Oklahoma headquarters.
“The buyer that was ultimately selected was able to move quickly and work towards a successful year-end closing, which was a win-win for all parties involved.
"We continue to see demand in the net lease
marketplace for established properties leased to essential retail tenants.”
About Stan Johnson Company:
Stan Johnson Company is one of the nation’s leading commercial real estate
brokerage and advisory firms that focuses on investment sales transactions
involving retail, office, industrial, healthcare, and specialty properties.
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| Jeff Hughes |
The firm provides acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States.
With a historic focus in the single-tenant net lease
sector, Stan Johnson Company is now in its fourth decade of operation and has
expanded its service platform in order to better serve its valued clients.
The firm has completed more than $40 billion in
transactions nationwide and continues to be regarded as the Net Lease
Authority® as it focuses on continued growth and expansion into other industry
sectors and services.
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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