Stan Johnson Company Arranges Purchase of Single-Tenant Medical Office Building in the Southeast

Chicago, Illinois, July 15, 2019 – Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of 241 Silverwood Commercial Drive, a single-tenant medical office building leased to Healthcare Corporation of America. The 7,564-square-foot property is located in Rincon, Georgia, a northwest suburb of Savannah.

The property was purchased by a Chicago, Illinois-based buyer, which was exclusively represented by Rachel Walz, Associate in Stan Johnson Company’s Chicago office.

“We achieved an extremely favorable return for our buyer client,” said Walz. “They are thrilled to own a highly sought-after medical property in the area’s primary medical corridor.”

The property is located in one of the fastest growing areas of the Savannah MSA and is a high-value location for the tenant. The asset traded on June 13, 2019 for $1.7 million. The seller and the cap rate were not disclosed.

 

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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.