Northmarq Announces Sale of Joplin, Missouri Industrial Facility

2711 East 24th Street- Joplin, Missouri

Northmarq, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a 10,000-square-foot industrial facility located at 2711 East 24th Street in Joplin, Missouri. The property is fully leased to SRS Distribution Inc., a large building material supplier operating in more than 350 locations nationwide. Chris Adams of Northmarq represented the seller, a Kansas-based private investor. The property sold to a private investor based in Iowa. 

“We achieved a competitive offer environment with multiple list price offers and transacted above our initial asking price. There is a noticeable shift in investor interest toward commercial properties that offer strong intrinsic value with critical attributes, but do not necessarily benefit from the assurances of a long-term lease,” said Adams, Associate Director in Northmarq’s Dallas, Texas office. “This transaction represents the growing demand from our traditional net lease buyer pool for strategic industrial assets, particularly well located with inside and outside storage.” 

The property was constructed in 1969 on 1.3 acres. The site, located at the hard corner of 24th Street and Highview Avenue, provides convenient access from Rangeline Road with strong traffic counts and national retailers in the immediate vicinity. The tenant, operating as Arrowhead Building Supply, is the only SRS Distribution branch serving Joplin and the surrounding markets. The lease features strong rent increases and renewal options.  

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About Northmarq:

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: