Stan Johnson Company Brokers Sale of Lexington, Kentucky Medical Office Building Leased to Autism Pediatric Clinic, BlueSprig

Roedersheimer-BlueSprig

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a 4,170-square-foot medical office building located at 104 Market Path in Georgetown, Kentucky. The property is fully leased to BlueSprig Pediatrics, which recently merged with Florida Autism Center and Fusion Autism Center to become the leading provider of applied behavior analysis therapy services in the southern U.S. for children diagnosed with autism spectrum disorder. Stan Johnson Company’s Ryan Roedersheimer represented the locally based seller. A private buyer from Kentucky acquired the asset for nearly $1.1 million.

“This was a challenging transaction as BlueSprig isn’t yet a well-known brand, and they only signed a five-year lease,” said Roedersheimer, Associate Director in Stan Johnson Company’s Cincinnati, Ohio office. “However, we were able to generate multiple offers just below list price and demonstrate the strength of the location and business model of the tenant.”

The property was built in 2000 on 0.76 acres in a northern suburb of Lexington, Kentucky. The site is strategically located near Georgetown Community Hospital and serves a rapidly growing population.

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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.