Stan Johnson Company Announces Sale of Amazon and Carvana-Leased Portfolio in St. Louis, Missouri
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a portfolio comprised of a 25,107-square-foot industrial facility and adjacent parking lot in a northern suburb of St. Louis, Missouri. The industrial building is fully occupied by Carvana Service Center and the parking lot is leased to Amazon Fleet Parking. The portfolio is located at 5651-5701 Phantom Drive in Hazelwood, Missouri. Stan Johnson Company’s Jonathan Ameen represented the Missouri-based seller. The buyer was an institutional investor based in Georgia. Price and cap rate details were not disclosed.
“The combination of two nationally recognized tenants, recent renovations, and a very strong industrial corridor led to significant investor demand for this quality asset,” said Jonathan Ameen, Associate Director in Stan Johnson Company’s Tulsa, Oklahoma headquarters.
The industrial warehouse is situated on 3.4 acres and was renovated for Carvana in 2020. The adjacent parking lot features 2.2 acres and is utilized by Amazon’s sprinter fleet vans and trucks. Located in the most sought-after industrial submarket in metro St. Louis, the property features direct access to Interstates 70, 270 and 370. Neighboring occupiers include Boeing, the U.S. Postal Service, the American Red Cross and Chrysler’s Parts Distribution Center, among others.
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. 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. To learn more about Stan Johnson Company, please visit: www.stanjohnsonco.com.