Stan Johnson Arranges Sale of Grupo Antolin Manufacturing Facility for $15.5 Million
Atlanta, Georgia, January 23, 2019 – Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of a 276,887-square-foot industrial building that serves as a manufacturing facility for Grupo Antolin, a tier one automotive parts supplier. The heavy manufacturing property, at 18355 Enterprise Avenue in Nashville, Illinois, is strategically located near Interstate 64 outside St. Louis, Missouri.
The tenant has occupied the property for 30 years and recently expanded the facility while also making multi-million-dollar investments into the site. The tenant is currently on a long-term lease.
The property was sold by Illinois-based Agracel, Inc., which was represented by Stan Johnson Company’s Mike Sladich and Mollie Alteri. The property sold in mid-January for $15.5 million.
“The mission-critical nature of the property and the heavy tenant investment into its manufacturing site provides comfort to the long-term passive investor with regard to the stability of their future cash flows in a way most traditional industrial facilities cannot,” said Mike Sladich, Director in Stan Johnson Company’s Atlanta office.
The buyer, a private investment group out of Bluffton, South Carolina managed by David Strong and Nick Dzendzel, was represented by Jason Powell and Colin Couch, also of Stan Johnson Company’s Atlanta office.
“While much of the institutional investor focus this cycle has been on core bulk distribution, there is an incredibly robust private investor appetite for manufacturing facilities,” adds Mollie Alteri, Associate Director.
About Stan Johnson Company:
Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses exclusively on net lease transactions involving retail, office, industrial, healthcare and sale-leaseback properties. The firm provides acquisition, disposition, capital markets and advisory services for institutions, developers, investment funds and private investors across the United States. Now in its fourth decade of serving as a trusted advisor to its valued clients, Stan Johnson Company has completed more than $30 billion in transactions nationwide and is regarded as the Net Lease Authority®. To learn more about Stan Johnson Company, please visit the recently enhanced website at www.stanjohnsonco.com.