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| Rob Fox |
ATLANTA, GA – Marcus &
Millichap Real Estate Investment Services, the nation’s largest real estate
investment services firm, has arranged the sale/leaseback of a four-property CVS/pharmacy
portfolio.
Two of the properties are
located in Texas, one is in Ohio and one is in Wisconsin. The $19,517,071 sales
price equates to $370 per square foot.
Rob Fox, a
senior associate in Marcus & Millichap’s Atlanta office, represented the
buyer, a private investor.
Tim Speck,
first vice president and regional manager of the firm’s Dallas office, is
Marcus & Millichap’s broker of record in Texas.
Michael L. Glass, vice
president and regional manager in Cleveland, is Marcus & Millichap’s broker
of record in Ohio.
 |
| Tim Speck |
Matthew Fitzgerald, first
vice president and regional manager of the firm’s Milwaukee office, is Marcus
& Millichap’s broker of record in Wisconsin.
“The properties all feature 2012 or 2013 construction
and have brand new 25-year absolute net bondable leases,” says Fox. “Financing
for the sale was achieved by new, fully amortizing, zero cash flow nonrecourse
debt.”
The properties are located in Delaware, Ohio; Corpus
Christi, Texas; Mission, Texas and Superior, Wisconsin.
Headquartered in Woonsocket, R.I., CVS Caremark (NYSE:
CVS), is the largest pharmacy health care provider in the United States with
integrated offerings across the entire spectrum of pharmacy care.
For a complete copy of the company’s news release, please
contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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