Diamond Comics Distribution Center Sold for $21.2M

Cushman & Wakefield's Southeast Capital Markets Group has represented American Fund US Investments and Real Estate Capital Partners in the sale of Diamond Comics Distribution Center. The 600,000-SF warehouse built in 2008, is located at 7485 Polk Lane in Olive Branch, Mississippi. AREA Property Partners of New York, NY acquired the distribution center on July 14, 2011. The sale price was $21,250,000. The sale was completed by Stewart Calhoun, David Meline, Kirk Billings, and Samir Idris of Cushman & Wakefield along with Wyatt Aiken and Dave Curran of Commercial Advisors.

"Diamond Comics Distribution Center represented an excellent opportunity to acquire a class A asset strategically located near a key US distribution center like Memphis and 100% leased to a strong single tenant through 2023," said Stewart Calhoun, Executive Director, at Cushman & Wakefield.

Cushman & Wakefield's Southeast Capital Markets Group is one of the most experienced and diversified investment sales teams in the southeastern US. Led by top industry executives, the Group's principals are able to leverage over 100 years of combined commercial real estate expertise and $22 billion of investment sales experience for a broad spectrum of clients and investment product types. The Southeast Capital Markets Group is comprised of three regional offices, based in Atlanta, Tampa, and Miami, with a proven track record of executing office, industrial, and retail investment sales in more than 50 markets in the seven-state Southeast region.