Winder, Ga. — Stan Johnson Co. has brokered the sale of a 10,947-square-foot retail center located at 102 North Broad St. in Winder. At the time of sale, Bank of America Center was more than half occupied by Bank of America and has two vacant tenant spaces. Doug Clyburn and Julie Clyburn of Stan Johnson Co. represented the seller, a private investor from Watkinsville, Georgia. The buyer, a developer from Atlanta, was represented by Jeff Enck of Stan Johnson Co. The property traded for more than $1 million, representing a 5.6 percent cap rate. Originally built in 1970, the Bank of America branch has operated at this site for more than 38 years. The property is located on a 1.8-acre corner lot. Bank of America has three years remaining on its triple net lease.
At the time of sale, Bank of America Center in Winder, Georgia was more than half occupied by Bank of America.
Stan Johnson Co. Brokers Sale of 10,947-Square-Foot Center in Winder, Georgia
253