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Stan Johnson Co. arranged the sale of a single-tenant, mission critical warehouse in Montezuma, Iowa

Stan Johnson Arranges Sale of Single-Tenant Iowa Industrial 

Stan Johnson Company (SJC) has completed the sale of a single-tenant industrial building leased to Dieomatic Incorporated, a subsidiary of Magna International, a leading tier one global automotive supplier. The 194,267-square-foot manufacturing building is located at 403 S. 8th St. in Montezuma, IA.  

SJC’s Rob Gemerchak represented the seller, a New York-based private investment firm. The buyer, an individual investor based in Des Moines, acquired the asset for $8.3 million. 

“We received strong interest from investors who recognized the mission-critical nature of the facility as well as the intrinsic value the full-scale manufacturing capabilities provided to the real estate,” said Gemerchak, director in SJC’s Toledo, OH office. “Industrial manufacturing facilities with Interstate access and a proximate employment base remain a very attractive segment within the net lease marketplace as vacancies are low, demand is strong and lease rates continue to increase for these production-capable facilities.” 


Inside The Story

SJC's Gemerchak

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 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).

  • ◦Sale/Acquisition