Stan Johnson Company Arranges Purchase of Single-Tenant Medical Office Building in the Southeast
Chicago, Illinois, July 15, 2019 – Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of 241 Silverwood Commercial Drive, a single-tenant medical office building leased to Healthcare Corporation of America. The 7,564-square-foot property is located in Rincon, Georgia, a northwest suburb of Savannah.
The property was purchased by a Chicago, Illinois-based buyer, which was exclusively represented by Rachel Walz, Associate in Stan Johnson Company’s Chicago office.
“We achieved an extremely favorable return for our buyer client,” said Walz. “They are thrilled to own a highly sought-after medical property in the area’s primary medical corridor.”
The property is located in one of the fastest growing areas of the Savannah MSA and is a high-value location for the tenant. The asset traded on June 13, 2019 for $1.7 million. The seller and the cap rate were not disclosed.
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.