Stan Johnson Company Sells Two Atlanta Area Early Childhood Education Facilities for $15.0 Million at Record Cap Rate

Milo-Spector

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of two early childhood education facilities located in suburban Atlanta, Georgia. Located at 12070 Etris Road in Roswell and 4395 Drew Court in Cumming, both properties are leased to Little Sunshine Playhouse on long-term net leases. Stan Johnson Company’s Milo Spector, who has an extensive early childhood education track record, exclusively represented the seller, a New York-based private real estate office. A California-based investor acquired both properties for a total of approximately $15.0 million reflecting a 5.75 percent cap rate. Both parties were involved in 1031 exchanges

“This transaction is unique in that we represented the seller on the acquisition of these two properties just a year ago. In that short timeframe, we were able to capitalize on the aggressive shift in cap rates for this sector,” said Spector, Director in Stan Johnson Company’s Walnut Creek, California office. “I am pleased to say that we received multiple offers and ended up selling the properties for 100 percent of ask, all cash to a high-net-worth exchange buyer, setting a new record cap rate.” 

The properties were built in 2020, and the Roswell location totals 9,812 square feet on 1.40 acres. The Cumming property is situated on 3.07 acres and totals 10,850 square feet. Both communities are located in the northeast Atlanta metro area and boast strong demographics with rapidly growing populations. 

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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.