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| CVS Drugstore, Kaplan, LA |
Atlanta, March, 26, 2013 – Ackerman & Co., fast becoming
a market leader in the sale of retail properties in the Southeast, announced
today that it has brokered the sale of two net-leased retail properties.
The first is a 9,800-square-foot, single-tenant, net-leased CVS
in Kaplan, La. for $2,429,303. The store, located near Lafayette and in the
heart of Kaplan’s retail corridor, was built in late 2006 and features CVS’
newer store model prototype.
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| Sean Patrick |
The Ackerman & Co. investment sales team of Sean
Patrick and Jason Powell represented the seller, a California family
trust. The property was purchased by a private investor in Pennsylvania. The
zero cash flow transaction required minimal equity.
Earlier in the month, the company also brokered the sale of
another net-leased property – this time a 14,420-square-foot, single-tenant,
Walgreens for $3,117,728. The property is located in the affluent market of the
Phoenix (Peoria), Ariz. MSA.
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| Jason Powell |
Ackerman & Co.
Vice Presidents of Investment Sales Sean Patrick and Jason Powell represented
the seller – CSH Peoria AZ, LLC, a San Francisco-based developer. The property
was purchased by publicly traded REIT AR Capital, LLC. They were represented by
The Kase Group.
. For a complete copy of the company’s news release, please contact:
Fara Wilson,
VP of Marketing
770. 913.3904
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