Stan Johnson Company Brokers $68.4 Million Sale of U.S. Retail Portfolio
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a 27-property portfolio of single-tenant retail buildings located across 18 states. The 340,000-square-foot portfolio included properties ranging from 5,100 square feet to 23,500 square feet and included 11 distinct tenant brands spanning a wide range of retail segments, including dollar stores and discount retailers, automotive suppliers and servicers, farm stores and home improvement retailers. Stan Johnson Company’s Zach Harris, Jeff Hughes and Melissa McKenzie represented the seller, a Midwest-based private family office. An institutional investor purchased the portfolio for $68.4 million. The cap rate was not disclosed.
“We received a strong level of interest in this diversified net lease portfolio from a number of very qualified groups,” said Harris, Director in Stan Johnson Company’s Tulsa, Oklahoma headquarters. “The buyer that was ultimately selected was able to move quickly and work towards a successful year-end closing, which was a win-win for all parties involved. We continue to see demand in the net lease marketplace for established properties leased to essential retail tenants.”
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.