Stan Johnson Company Arranges Sale of Industrial Facility in Austin, Texas
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a 60,000-square-foot, mission critical, industrial distribution facility located at 4905 Winnebago Lane in Austin, Texas. The single-tenant facility is leased to ABC Supply Company, a leading distributor of building exteriors. Colin Couch and Jason Powell of Stan Johnson Company represented the seller, a California-based individual investor. The property was purchased at a 5.52 percent cap rate by a private investor based in Alaska.
“We were able to generate multiple offers and facilitated a competitive bidding environment,” said Couch, Associate Director in Stan Johnson Company’s Atlanta office. “The institutional quality construction, premier inner-Austin location, and long-term triple net lease all made this a highly sought-after industrial asset. The cap rate we were able to achieve emphasizes the strength we continue to see in the industrial sector of the net lease market.”
The state-of-the-art facility was constructed in 2015 as a build-to-suit for ABC Supply Company. The property is located just two miles south of downtown Austin and boasts direct access to Interstate 35 as well as close proximity to Austin-Bergstrom International Airport. At the time of sale, there were over 10 years of term remaining on the triple net lease.
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.