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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