The price was $5.3 million or $543,000 per acre ($12.48 per sf.) In March, the same dirt sold for $4 million or $410,256 per acre ($9.42 per sf). In 1982, the land sold for $900,000 or $92,308 per acre ($2.12 per sf).
The land is occupied by car rental offices and repair facilities used by National Car Rental Inc. The buildings total 23,868 per sf and date from 1983 when they were built for Alamo Rent-A-Car.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium contentNOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
