Inking a $31.1 million sale, Inland Private Capital Corp. has closed out a 10-year tenant-in-common hold of a 193,463-square-foot office building, fully leased to Walt Disney World Co. in Celebration, Fla.

Stan Johnson Co. arranged the sale to an unaffiliated third party, who scooped up a six-story building at 220 Celebration Place.

"The investors chose to sell the property rather than refinance the original loan after having benefitted from stable annual cash-on-cash returns ranging from eight to 10 percent over the past decade," said Rahul Sehgal, senior vice president of Illinois-based Inland Private Capital.