The building is located on the northwest corner of Woolbright Road and Jog Road, adjacent to more than 20 acres of land suitable for retail development. The Walgreens was completed last year after the company signed a long-term lease. This property sold at a capitalization rate of less than 7.5%.
"There continues to be an insatiable demand for well-located properties with long-term creditworthy tenants," according to Atlantic Commercial Group principal David Remland. Boca Raton, FL-based firm represented Madison I LLC in the transaction.
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