X
Upcoming Stories
Chicago & Midwest CRE News In Your Inbox .

Chicago & Midwest   /   April 26, 2021

Paul Bubny
By: Paul Bubny

Developer Sells Home Depot Distribution Center in MO

Stan Johnson Company (SJC) recently completed the sale of a single-tenant industrial warehouse and distribution center leased to Home Depot. The property, located at 5701 U.S. Hwy. 54 East in Mexico, MO, totals approximately 310,000 square feet.

The seller, a Midwest-based developer, was represented by SJC’s Jonathan Ameen and Brad Pepin. A private investor from New York purchased the asset for an undisclosed price.

“Industrial warehouse and distribution properties are extremely attractive in today’s environment, especially when backed by an investment grade tenant,” said Ameen. “This mission-critical property generated significant interest and ultimately closed at a highly competitive market-driven price.”

The property is situated on approximately 36 acres within an Opportunity Zone. The facility was originally constructed in 1985 with renovations in both 1995 and 2020. The warehouse is adjacent to another Home Depot facility which shares a joint inventory system.

Connect
Inside The Story
About the Author

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
Email the Author

© ConnectCRE 2021 / 3900 San Fernando Road, Suite 1007, Glendale, CA 91204
Contact Us / Policies, Privacy & DisclosuresSubmit Press Release / 
magnifiermenu