A large building that houses one of the Dayton area’s top employers has been sold for more than $5 million.
Stan Johnson Company, an investment sales brokerage firm, recently completed the sale of a 64,000-square-foot healthcare facility located at 2308 Sandridge Drive in Moraine. The property is fully leased to CompuNet Clinical Laboratories (CCL), a full-service clinical laboratory serving physicians, hospitals and health organizations throughout southwest Ohio.
The deal marks another example of groups targeting Dayton-area commercial properties.
Craig Tomlinson of Stan Johnson Company represented the 1031 exchange buyer — a California-based individual investor. The seller was a private investor based in Dayton. Mark Fornes Realty and CBRE jointly listed the property, which sold for $5.6 million.
“The life science sector has remained a darling of net lease during the pandemic,” said Tomlinson, senior director and partner in Stan Johnson Company’s Tulsa, Oklahoma headquarters. “CCL has been supporting the hospitals and clinics of Ohio for decades. They were a very safe bet.”
The facility was built in 1986 and is situated on more than 5.7 acres in the southern Dayton suburb. CompuNet has occupied this location for more than 35 years, utilizing the facility as a regional diagnostics center, as well as an office headquarters. The site is near Interstate 75, and is in close proximity to Kettering Health’s main campus.
CompuNet is one of the 40 largest employers in the Dayton region, according to DBJ research. It had 940 local employees as of 2021 — a large jump from the 590 people it employed the year prior.
Stan Johnson Company is a commercial real estate brokerage and advisory firm that focuses on investment sales transactions involving retail, office, industrial, healthcare and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets and advisory services for institutions, developers, investment funds, corporate occupiers and private investors across the United States.
With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve clients. The firm has completed more than $40 billion in transactions nationwide, and continues to focus on growth and expansion into other industry sectors and services.