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Press Release
SJC Completes Sale of Five My Dentist Properties for $7.5 Million
Tulsa, OK, January 13, 2012, – Stan Johnson Company, Stan Johnson Company, one of the nation's premier net lease brokerage firms, has completed the portfolio sale of five dental clinics, 100% leased to My Dentist, located in Oklahoma for a combined price of $7.5 million.
Jeff Matulis, Toby Scrivner, and Karen Vinsko of Stan Johnson Company represented the seller, a developer based in Oklahoma City, and the buyer, an institutional REIT out of New York.
The portfolio of properties was sold free and clear of debt. All properties are situated within excellent retail trade areas in markets throughout Oklahoma. The properties featured new 15-year triple net leases with attractive annual rent increases.
About Stan Johnson Company:
Stan Johnson Company, The Net Lease AuthorityŽ, is one of the nation's leading commercial real estate brokerage and advisory firms that focuses on net-lease transactions. Our net-lease group is the largest team of professionals focused exclusively on the acquisition, disposition and financing of net-leased real estate in the retail, office, industrial and medical product types. Building on a 25-year foundation in the net-lease industry and completing more than $10 billion in transactions nationwide, Stan Johnson Company is positioned as an authority in the industry. A dynamic team approach, refined marketing processes and a foundation built on integrity, professionalism and relationships create a winning combination that enable the firm to consistently deliver quality service and superior results to each unique client.
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