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Chicago & Midwest  + Midwest  + Net Lease  | 

Institutional Buyer Picks Up Carvana Warehouse, Amazon Lot

Stan Johnson Company (SJC) has completed the sale of a portfolio comprised of a 25,107-square-foot industrial facility and adjacent parking lot in a northern suburb of St. Louis. The industrial building is fully occupied by Carvana Service Center and the parking lot is leased to Amazon Fleet Parking. 

The portfolio is located at 5651-5701 Phantom Dr. in Hazelwood, MO. SJC’s Jonathan Ameen represented the Missouri-based seller. The buyer was an institutional investor based in Georgia. Price and cap rate details were not disclosed.

“The combination of two nationally recognized tenants, recent renovations, and a very strong industrial corridor led to significant investor demand for this quality asset,” said Ameen, associate director iSJC’s Tulsa headquarters.

The warehouse is situated on 3.4 acres and was renovated for Carvana in 2020. The adjacent parking lot covers 2.2 acres and is utilized by Amazon’s sprinter fleet vans and trucks. 

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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 also 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.

  • ◦Sale/Acquisition