Friday, August 28, 2015

Bull Realty Brokers $4.9 Million CVS Sale in Cullman, AL


 
Michael Bull
 ATLANTA, GA —Bull Realty brokered the sale of a CVS in Cullman, AL, a 13,600 sq ft freestanding retail building. The sale closed on August 5, 2015 for $4.9 million.

Michael Bull, CCIM with Bull Realty, represented a local 1031 Exchange buyer, Guggie H, LLC, in the purchase of a triple net investment opportunity, with a corporate guaranteed lease to CVS with 25 years on primary term.

Strategic 1031 Exchange Advisors, LLC acted as a Qualified Intermediary. The seller, LL Cullman AL, LLC, was represented by John Glass with Marcus & Millichap.

“The purchaser utilized a 1031 to exchange from an older asset with a low cash flow in San Francisco into a newer safe income-stream property,” said Bull.

Bull Realty, Inc. (www.BullRealty.com) is a U.S. commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in nine states providing acquisition, disposition, leasing and advisory services. The firm also produces and hosts the nationally-syndicated Commercial Real Estate Show (www.CREshow.com). The popular weekly show is broadcast on 40 radio stations nationwide, iTunes, YouTube and CREshow.com.

For a complete copy of the company’s news release, please contact:

Melissa Henry
Communications Associate
Bull Realty, Inc.
50 Glenlake Pkwy, Suite 600
Atlanta, GA  30328
404-876-1640 x 110
Michael Bull AL License #83872


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