Stan Johnson Company Announces Sale of the Shoppes at Olde Towne in Suburban Atlanta, Georgia
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has announced the sale of The Shoppes at Olde Towne, a 33,387-square-foot mixed use property located at 425 Buford Highway in Suwanee, Georgia. The property was marketed on behalf of the seller by Douglas Clyburn of Shane Investment Property Group prior to the brokerage firm being acquired by Stan Johnson Company. The commercial asset was purchased by a family trust from California. The property was listed for sale at approximately $6.0 million, although the sold price and cap rate were not disclosed.
“We were able to address early objections to this two-story office/retail building during the COVID-19 pandemic, and we positioned the property to sell at nearly its full asking price,” said Clyburn, Associate Director, now with Stan Johnson Company in its Alpharetta, Georgia office. “All tenants remained in place during the shut-down, which was a testament to the strength and stability of the property. By completing the sale in a timely manner, the seller was able to redeploy funds for a new development in Ohio.”
Located 30 miles from downtown Atlanta, the commercial property is situated in an affluent area with strong demographics. Due to its prime location within the walkable downtown Suwanee district, the two-story office and retail building has maintained high occupancy and was fully leased at the time of sale to 14 tenants. The asset offers its tenants and customers excellent access and on-site parking.
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 $35 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.