Stan Johnson Company Completes $5.5m Sale of Comdata in Nashville, Tennesee
Atlanta, GA – August 23, 2016 – In a deal that highlights the growing demand for office and call center facilities, Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the $5.5 million sale of a 38,320 square-foot free-standing suburban call center, located 3325 Perimeter Hill Drive in Nashville, Tennessee.
The property is lease to Comdata, a leading business-to-business issuer and processor of innovative electronic payment solutions. Conveniently located less than two miles from the Nashville International Airport and just twenty minutes from Comdata’s headquarters, the property has immediate proximity to I-24, surrounding amenities, and highly-educated workforce. Home to more than 1.8 million residents and 40,000 businesses, Nashville was named among the hottest cities for 2016 by Business Insider due to its tax incentives, low cost of living, and overall low cost of doing business.
“This transaction represents the growing demand by investors for quality office assets in the strong performing Nashville market, and perhaps more importantly, the growing demand for quality office assets outside of the Central Business District.” said Britton Burdette, a Director in Stan Johnson Company’s Atlanta office. Burdette and Mollie Alteri represented the ownership in the distribution of the property
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.