PHILADELPHIA-Marcus & Millichap Real Estate Investment Services has brokered the sale of a net-leased CVS portfolio situated nationwide. Phoenix-based Cole Real Estate Investments has purchased 13 single-tenant CVS drugstores for an amount of $70.1 million.
The acquired properties are located in New York, New Jersey, Kansas, Georgia, California, Mississippi, Minnesota, Florida, South Carolina, Texas and Oklahoma. All of CVS properties in the 174,000-square-foot portfolio are newly opened stores. Marcus & Millichap represented both the parties in the deal. For the full story, go to Florida Real Estate Journal.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
