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Atlanta & Southeast  + Atlanta Metro  + Hospitality  | 
Stan Johnson Company has sale early childhood education-leased facilities in Cumming, GA and Roswell, GA for $15 million.

Duo of ECE-Leased Facilities in Atlanta Burbs Sells for $15M

Stan Johnson Company has completed the $15-million sale of two early childhood education facilities located in the Atlanta submarkets of Cumming and Roswell, GA.

Both properties are leased to Little Sunshine Playhouse on long-term net leases.

Milo Spector of Stan Johnson Company represented the seller, a NY-based private real estate office. A CA-based investor acquired both properties for price 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,” said Spector. “In that short timeframe, we were able to capitalize on the aggressive shift in cap rates for this sector. 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.


Inside The Story

Stan Johnson Company's Spector

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition