Stan Johnson Company Completes Sale of Lakeland College Building in Green Bay, WI Suburb
Chicago, IL, (Dec 2015) – Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of a 15,000-square-foot free-standing building 100% leased to Lakeland College, located on 2.50 acres at 2601 Development Drive, Bellevue (Green Bay), Wis., to a private California-based investor for $4,650,000. Tom Fritz and Matt Spangenberg of Stan Johnson Company’s Chicago office exclusively represented the seller, a local Wisconsin-based developer. “We are pleased to have procured a sale price that exceeded everyone’s expectations,” stated Tom Fritz, Director. The subject property is new construction and operates under a 10 year primary lease term with annual rent increases. The NN lease structure offers limited Landlord capital repair obligations and allows for out-of-state, hands-free management. Bellevue is a village in Brown County, Wis., as a suburb to Green Bay. The village is one of the fastest growing communities in the Green Bay area with approximately 15,000 residents. The Lakeland College site is situated right off of Highway 172, which circumvents Green Bay. The location offers Lakeland College excellent visibility and ease of access in its brand new, state-of-the-art building.
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.