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Atlanta & Southeast  + Southeast  + Industrial  |  August 25, 2020
David Cohen
By: David Cohen

Kentucky Manufacturing Facility Trades for $6M

Investment sales brokerage firm Stan Johnson Co. has brokered the $6.2 million sale of an industrial manufacturing facility in Grayson, Kentucky.

Located at 998 East Park Drive, the newly constructed, build-to-suit property totals 25,000 square feet and is fully leased to Flowserve, a leading provider of fluid motion and control products and services. The facility is located within a 1,000-acre, multi-use business park in northeast Kentucky. At the time of sale, there were more than 14 years of term remaining on the tenant’s double net lease.

BJ Feller, Isaiah Harf and Andy Gatchell of Stan Johnson Co. represented the buyer, a Tulsa, Oklahoma-based family partnership, in the transaction. The seller, Investment & Development Ventures LLC, was represented by Alex Sharrin and Trent Agnew of JLL.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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