Coca-Cola Enterprises occupies the property in suburban Tampa on a 20-year lease. The deal was at a capitalization rate of 6.13%.
A Chicago investor paid $4.65 million for a 14,490-sf building in Weatherford, OK, occupied by Walgreens, which has a 25-year lease. The deal represents a 7.1% capitalization rate.
Meanwhile, a Los Angeles investor involved in a Section 1031 exchange paid $102,500 for a 1,000-sf building in Ridott, IL, where the postal service has a 13-year lease. That deal represents a 7.9% capitalization rate. The investor sold a multifamily rental property before acquiring the Downstate Illinois post office.
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