Stan Johnson Company Arranges Off-Market Sale of Tallahassee Industrial Building for $1.25 Million
New York, New York, April 9, 2019 – Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of a 16,000-square-foot industrial building leased to Hajoca Corporation. The single-tenant property was built in 2009 and is located at 941 Chipley Street in Tallahassee, Florida.
The property was purchased by Corley Rd LLC, an individual investor based in Johns Creek, Georgia. James Ullrich, Director, and Michael Macchia, Associate, of Stan Johnson Company’s New York office arranged the buyer.
“The buyer was attracted to Tallahassee’s incredible redevelopment efforts around Florida State University, Florida A&M University, and Tallahassee Community College,” said Ullrich. “Furthermore, the site itself includes outstanding amenities like abundant outside storage, which is becoming a rare commodity.”
The property was sold by an individual investor. Midway, Florida-based RRR Corporation was represented by Stan Johnson Company’s James Ullrich along with J.R. Long of Proctor & Long Commercial Real Estate in an off-market transaction. The property sold on March 7, 2019 for $1.25 million at an undisclosed cap rate.
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.