Stan Johnson Company Arranges Sale of a Chesterbrook Academy for $2.0 Million
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a Chesterbrook Academy located at 9897 West Oakland Park Boulevard in Fort Lauderdale, Florida. Stan Johnson Company’s Milo Spector, Chris Lomuto and Matt Lipson, represented the seller, an individual investor from Deerfield Beach, Florida. A Florida-based developer, Mouhalis Capital, purchased the 11,000-square-foot asset. The property sold for approximately $2.0 million at a 5.14 percent cap rate.
“This was a very interesting transaction that really worked out for everyone,” said Spector, Associate Director in Stan Johnson Company’s West region who has a focus on early education properties nationally. “The seller was able to achieve their price, and the buyer was able to negotiate a deal to get a new tenant into the space amid a pandemic. This illustrates how much demand there is from operators to continue to grow and demonstrates the underlying value in the real estate.”
The single-tenant facility sits on 1.25 acres in a high-traffic corridor surrounded by several schools, national retailers and an established residential population.
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.