Stan Johnson Company Arranges Sale of Midway Station in Loganville, Georgia for $2.2 Million
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of Midway Station, a 12,050-square-foot retail strip center located at 1009 Atlanta Highway in Loganville, Georgia. Jeff Enck of Stan Johnson Company exclusively represented the sellers, a group of individual investors based in California. A Georgia-based private buyer purchased the asset for more than $2.2 million reflecting a 7.47 percent cap rate.
“Midway Station is an unanchored retail center with nine tenants located between Loganville and Snellville, Georgia,” said Enck, Associate Director in Stan Johnson Company’s Atlanta, Georgia office. “In just a few short weeks of marketing, we were able to secure ten offers and closed the transaction on a short timeline with an all-cash investor.”
The property was fully leased at the time of sale to services retailers and restaurants including Papa John’s. The center was originally constructed in 1998 and is situated on 1.4 acres. With prime frontage along Atlanta Highway, the site is visible to more than 35,000 vehicles per day and is surrounded by national retailers including Dollar General, Chick-fil-A, Kroger, UPS and others.
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 and its affiliates provide 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.