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.
Continue Reading for Free
Register and gain access to:
- 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
© 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.
