Thursday, March 28, 2013

Ackerman & Co. Sells Two Net-leased Drugstores for $5.5 Million


    
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.

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.

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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