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| CVS Pharmacy, Fort Myers, FL |
Atlanta, GA – Ackerman & Co.'s Jason Powell and Andrew
Murphy are pleased to announce the sale of two net-leased CVS properties in
Florida for nearly $14MM. These transactions mark the ninth and 10th net-leased
CVS or Walgreens sold in the past 12 months.
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| Jason Powell |
The first CVS property, located in Dade City, Fla. traded
for $5,740,500. The property sold to an all-cash, 1031-exchange buyer within 10
days of contract execution. The buyer was represented by Patrick Whitney
of the Marcus & Millichap Dallas office.
The second CVS property, located in Fort Myers, Fla. sold
for $8,180,000 to an affiliate of New Jersey-based Roebling Investment Company.
The sale included the buyer's assumption of the current CMBS loan. The buyer
was represented by Ray Yung of the Minneapolis firm of Calhoun
Companies.
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| Andrew Murphy |
Headquartered in Atlanta, Ackerman & Co. is a privately
held, full-service commercial real estate firm focused on providing quality
investment, brokerage, management and development services in the Southeast.
The company, founded
in 1967, retains an expert team of more than 100 real estate professionals.
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| Patrick Whitney |
To date, Ackerman & Co.
has developed and acquired more than 30 million square feet of office,
medical, retail and mixed-use space, has nearly 4 million square feet under
management, and maintains an investment portfolio valued at $750 million.
The company’s Investment Sales and Retail team provide
unsurpassed institutional underwriting and marketing that ensure optimum
financial results.
For a complete copy of the company’s news release, please
contact:
Fara Wilson
VP of Marketing
770. 913.3904
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