Cape Coral Walgreens Trades for $5M
CAPE CORAL, FL-In a deal that demonstrates continued demand for trip-net leased retail properties, a 14,820-square-foot Walgreens has traded for $5.155 million. The property is located at the intersection of Pine Island Road and Burnt Store Road in Lee County.
Plaza Advisors’ Co-Managing Partners Anthony Blanco and Jim Michalak, together with Senior Associate Lenard Williams, represented the undisclosed seller. Cassidy Turley BRE Commercial represented the buyer, a private individual. The Cape Coral Walgreens sale is Plaza Advisors’ third in the past 12 months.
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.
