Chicago & Midwest + South Side + Opportunity Zones | April 26, 2021

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

Connect With SJC’s Ameen

About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Order Reprints