REBusinessOnline

Stan Johnson Brokers $6M Sale of New Retail Building Leased to Harbor Freight Tools in Fort Worth

FORT WORTH, TEXAS — Stan Johnson Co. has brokered the $6 million sale of a 16,000-square-foot, freestanding retail building leased to Harbor Freight Tools in Fort Worth. The property was built in 2020 and is located at 3569 Northwest Centre Drive. Mike Sladich, Joey Odom, Maggie Holmes and Mollie Alteri of Stan Johnson Co. represented the seller, a developer based in South Carolina. Jimmy Ullrich, also with Stan Johnson Co., represented the South Florida-based 1031 exchange buyer. The asset traded at a cap rate of 5.9 percent.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.



Related News

Webinars on Demand


Conferences


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties