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| Julie Clyburn |
DAWSONVILLE, GA -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of Dawson Forest Shopping Center.
The 10,100-square-foot unanchored shopping center is located at 802 Georgia Highway 400 South in Dawsonville, Georgia.
The property features three suites and was 72 percent occupied at the time of sale. Stan Johnson Company’s Doug Clyburn and Julie Clyburn represented the private Atlanta, Georgia-based buyer.
Dawson Forest Shopping Center. Dawsonville, GA
The
locally based owner sold the asset for approximately $1.7 million reflecting a
6.16 percent cap rate.
“We sourced this off-market property for our client, a dental group, looking for a multi-tenant center in Dawsonville to open another office,” said Doug Clyburn, Associate Director in Stan Johnson Company’s Alpharetta, Georgia office.
“The center had one endcap vacancy which suited our client’s needs, and we were able to complete the transaction with the local owner.”
The Clyburns Also Handled the $2.8 Million Sale of Rock Quarry Center in Stockbridge, GA
STOCKBRIDGE, GA -- Rock Quarry Center located at 1445 Rock Quarry Road in Stockbridge, Georgia.
The unanchored shopping center totals 21,600 square feet and was fully leased at the time of sale.
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| Doug Clyburn |
The
seller was an individual investor based in Fayetteville, Georgia. The buyer, a
McDonough, Georgia-based private entity, was represented by Doug Clyburn and
Julie Clyburn of Stan Johnson Company.
The asset traded for approximately $2.8 million reflecting a 7.31 percent cap rate.
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| Rock Quarry Center, Stockbridge, GA |
“We represented the purchaser of this center which had received multiple offers as soon as it came to market,” said Doug Clyburn, Associate Director in Stan Johnson Company’s Alpharetta, Georgia office.
“We were able to convey to the seller the interest and financial strength of our client, providing assurance of closing, which put our client in first position for the purchase.”
Rock Quarry Center is situated on 1.42 acres in a dense retail corridor with convenient access to Interstate 75. It was built in 2003 and features 10 tenants including restaurant and service retailers
CONTACT:
David Ebeling
Ebeling
Communications
(949)
278-7851
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