Stan Johnson Company Arranges Sale of Headquarters Office Facility in Atlanta, Georgia for $6.7 Million
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a 25,416-square-foot office headquarters facility located at 200 Arizona Avenue in the historic Kirkwood neighborhood of Atlanta, Georgia. The facility is fully leased to a technology company, Big Nerd Ranch, and was purchased by a private California-based investor in a 1031 exchange for $6.7 million. The property was sold by a private investor from Dallas, Texas who was represented by Mollie Alteri, Joey Odom, Mike Sladich, and Maggie Holmes of Stan Johnson Company.
“The offering presented the buyer with an opportunity to acquire an asset with a best-in-class tenant in a heavily infilled and rapidly evolving in-town Atlanta neighborhood,” said Alteri, Associate Director in Stan Johnson Company’s Atlanta, Georgia office. “Current market headwinds have ushered in a flight to quality by the investment market, and while we expect the market slowdown to continue for the short-term, we are bullish on in-town neighborhoods in markets like Atlanta to capture remaining investment activity.”
The facility was originally constructed in 1955 and renovated in 2014. The property lies on 2.0 acres within an opportunity zone, and the tenant recently executed a lease extension.
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.