Stan Johnson Co. Facilitates Sale of Bank of America Center in Winder, GA

Julie Clyburn

 WINDER, GA -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has announced the sale of a 10,947-square-foot retail center located at 102 North Broad Street in Winder, Georgia.

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

“Bank of America had three years remaining on its triple net lease, and together with the two vacant suites, provided a value-add component to the property,” said Doug Clyburn, Associate Director in Stan Johnson Company’s Alpharetta, Georgia office.

“The center is located in the heart of Winder, Georgia, which is a prosperous and growing community in Barrow County – the 24^th 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)

david@ebelingcomm.com

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.”

 

www.stanjohnsonco.com.