Stan Johnson Company Brokers Sale of North Carolina VA Outpatient Clinic for $13.6 Million

Tulsa, Oklahoma, June 19, 2019 – Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has completed the sale of a single-tenant medical clinic in Charlotte, North Carolina leased to the U.S. Department of Veterans Affairs. The 52,000-square-foot facility is located at 8601 University East Drive and provides primary care, behavioral health, and laboratory services for veterans in the Charlotte metro area.

The property was sold by Pennsylvania-based Marr Development, which was represented by Jeff Matulis and Toby Scrivner of Stan Johnson Company.

“The property has a short remaining lease term, with roughly five years remaining on the lease,” said Scrivner, Senior Director in Stan Johnson Company’s Tulsa office. “The GSA’s history of consistent lease renewals and the 11-year history of operations by the VA at this location provided investors with confidence that this investment offered an attractive opportunity.”

A local Charlotte, North Carolina investor purchased the property on May 23, 2019 for $13.6 million. The buyer was represented by Josh Beaver, Vice President of The Nichols Company.

 

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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.