Stan Johnson Company Completes $3.0 Million Sale of Superior Recreational Products in Carrollton, Georgia
Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of a single-tenant industrial building located in Carrollton, Georgia. The 78,000-square-foot property at 150 Adamson Industrial Boulevard was fully occupied by Superior Recreational Products. A Georgia-based private investor, Carrollton Properties LLC, sold the building for $3.0 million.
Stan Johnson Company’s Jimmy Ullrich and Michael J. Macchia represented the buyer, an individual investor from California.
“The buyer satisfied a 1031 exchange with a high-quality piece of industrial real estate,” said Ullrich, Director in Stan Johnson Company’s New York office. “As a testament to the industrial sector’s in-demand status, this property went under contract within a week of going to market.”
The tenant is a wholly owned subsidiary of PlayCore Holdings Inc., and the building sits on approximately 7.0 acres within a qualified opportunity zone.
“The tenant is a national manufacturer of shade products for playgrounds and other applications,” added Ullrich. “The manufacturing component provided a ‘stickiness’ element, while the building’s distribution function provided residual protection. The location too was attractive, as Atlanta is the largest market in the popular Southeast region.”
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.