Stan Johnson Company Sells Georgia Industrial Building Leased to FedEx Ground for $6.8 Million

FedExGround

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a 72,000-square-foot industrial building leased to FedEx Ground. The property is located at 7783 Chattsworth Road in Columbus, Georgia. The seller, a private investor based in Boca Raton, Florida, was represented by Stan Johnson Company’s James Ullrich, Michael Macchia and Joshua Pardue. The asset was purchased by a private investor from Orlando, Florida. The property traded for approximately $6.8 million. The cap rate was not disclosed. 

“Despite the short lease term, the property commanded a low cap rate. We feel this is a testament to the strength of the overall industrial market,” said Macchia, Associate Director in Stan Johnson Company’s New York office. “The Columbus, Georgia sale is also an example of national investors migration into tertiary Southeast markets in search of yield, as the usual suspects like Charlotte and Greenville become quite crowded and compressed.” 

The property was constructed in 2007 and renovated in 2011. Situated on 15 acres, the asset is approximately eight miles from downtown Columbus and the Columbus Airport. At the time of the sale, there was a short lease term remaining on the tenant’s lease. 

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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 $45 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.