Marcus & Millichap's Fort Lauderdale, Fl. office has just traded its fourth net lease property in the month with another seven under contract, according to investment specialist Joseph Prio.
"While the market is softening from rising interest rates, we are still seeing strong demand for net-lease properties here in Florida, especially from out-of-state investors," he reports.
That fourth deal was the sale of a CVS Pharmacy by FFT Livingstone. A private investor bought the 10,378-square-foot property in Sarasota for $4.5 million.
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 content© 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.
