Stan Johnson Company Brokers Sale of Tracker Boating Center in Bradenton, Florida for $3.0 Million
New York, New York, May 21, 2019 – Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has arranged the sale of a freestanding, single-tenant retail building leased to Tracker Boating Center. The 9,276-square-foot property is located at 6921 14th Street West in Bradenton, Florida.
The property was sold by a Florida-based developer, Paradise Ventures Inc./Paradise Development Group. They were exclusively represented by Stan Johnson Company’s James Ullrich, Josh Pardue, Michael Macchia, and Greg Macchia.
“We were able to achieve a benchmark cap rate for the property type, demonstrating the allure of Florida real estate,” said Ullrich, Director in Stan Johnson Company’s New York office. “Tracker is an incredible brand, founded by Bass Pro Shop’s Johnny Morris. I think this property will serve the buyer well for years to come.”
The property was purchased by a foreign investor, Selim Levi, on April 23, 2019 for just over $3.0 million. The sale traded at a 7.25 percent cap rate, and the buyer was represented by Aaron O’Connor of Marcus & Millichap.
About Stan Johnson Company:
Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses exclusively on net lease transactions involving retail, office, industrial, healthcare and sale-leaseback properties. The firm provides acquisition, disposition, capital markets and advisory services for institutions, developers, investment funds and private investors across the United States. Now in its fourth decade of serving as a trusted advisor to its valued clients, Stan Johnson Company has completed more than $30 billion in transactions nationwide and is regarded as the Net Lease Authority®. To learn more about Stan Johnson Company, please visit the recently enhanced website at www.stanjohnsonco.com.