Stan Johnson Company Arranges Portfolio Sale of 12 Single-Tenant Retail Properties to MCB Real Estate and Blue Vista Capital Management for $28.5 Million
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a 12-property portfolio of single-tenant retail buildings located across 10 states. The 187,884-square-foot portfolio included properties ranging from 4,000 square feet to 26,000 square feet and included five distinct tenant brands in the aftermarket auto parts, eye care and pet supply sectors, among others. Stan Johnson Company’s Zach Harris, Jeff Hughes and Melissa McKenzie represented the seller, a Midwest-based private family office. A joint venture between affiliates of MCB Real Estate, a Maryland-based real estate investment firm, and Blue Vista Capital Management, a Chicago-based real estate investment manager, purchased the portfolio for approximately $28.5 million. Mike Sladich and Maggie Holmes of Stan Johnson Company represented the buyer. The cap rate was not disclosed.
“This net lease portfolio consisted of a strong diversification of name-brand essential retail tenant credits which was quite attractive to the buyer,” said Harris, Director in Stan Johnson Company’s Tulsa, Oklahoma headquarters. “We continue to see particularly robust investor demand for these diversified single-tenant retail portfolios featuring established locations and strong credit tenants.”
In recent months, Harris brokered the $68.4 million sale of a 27-property portfolio of single-tenant retail buildings across 18 states that also received strong interest from investors.
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.