Stan Johnson Company Completes Sale of Vanderbilt Dialysis Clinic East in Nashville, Tn for $3 Million
Tulsa, OK, February 2016 – Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of a 10,500 SQ FT dialysis clinic located at 20 Rachel Drive in Nashville. The property is 100% leased to Vanderbilt University and is one of its two, 24-hour dialysis operations in the metro.
Craig Tomlinson and John Zimmerman of Stan Johnson Company listed the asset and represented the seller, a California limited liability partnership in the transaction. The buyer was a New England-based private partnership. The sale price was $3,025,000.
“Nashville is a hot market for net lease of all asset types,” said Tomlinson. “Vanderbilt’s commitment to a medical asset garnered strong attention from several of our national single-tenant buyers. The property sold quickly at an exceptional price.”
“As a firm, we are very active in Tennessee,” said Zimmerman. “In the past two years, we’ve sold 25 net lease deals including office, industrial, retail, and medical.”
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.