Stan Johnson Company Announces Sale of Rock Quarry Center in Stockbridge, Georgia for $2.8 Million

Clyburn-RockQuarry

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of Rock Quarry Center located at 1445 Rock Quarry Road in Stockbridge, Georgia. The unanchored shopping center totals 21,600 square feet and was fully leased at the time of sale. The seller was an individual investor based in Fayetteville, Georgia. The buyer, a McDonough, Georgia-based private entity, was represented by Doug Clyburn and Julie Clyburn of Stan Johnson Company. The asset traded for approximately $2.8 million reflecting a 7.31 percent cap rate.

“We represented the purchaser of this center which had received multiple offers as soon as it came to market,” said Doug Clyburn, Associate Director in Stan Johnson Company’s Alpharetta, Georgia office. “We were able to convey to the seller the interest and financial strength of our client, providing assurance of closing, which put our client in first position for the purchase.”

Rock Quarry Center is situated on 1.42 acres in a dense retail corridor with convenient access to Interstate 75. It was built in 2003 and features 10 tenants including restaurant and service retailers.

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About Stan Johnson Company:

Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $40 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services.