CBRE Prescribes Sales for Pharmacy Locations

PHILADELPHIA, PA–CBRE prescribed a sale for two Rite Aid Pharmacy locations in Eastern Pennsylvania, one in Philadelphia and the other in Carlisle. And the same medicine is in store for two other locations that CBRE is listing.

The first property, a 14,564 square foot store located at 4350 N. 5th Street in Philadelphia, was sold to a private buyer based in California. The CBRE team of Matthew Gorman and Michael Shover represented the seller, Esperanza, a non-profit, faith-based organization focusing on strengthening Hispanic communities. Rite Aid will continue to lease the site from the new owner. The property was sold at close to list price, though the specifics are not being disclosed at this time.