CVS Pharmacy – Palm Bay

Property Type: | Property Status: Sold

CVS Pharmacy

Property Details

Price: $5,591,870

CAP Rate:

Square Feet:

Tenancy Type: National

Lease Type: Absolute NNN

Location Info

Address: 1599 Palm Bay Drive NE

City: Palm Bay

State: FL

Zip: 32905

Property Description

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of the CVS Pharmacy located in Palm Bay, Florida. Dan Cooper, President and Broker of Cooper Commercial Investment Group in Cleveland, Ohio had the privilege to represent the owners, a private group out of Texas. The buyers were also a private group in a 1031 Exchange out of Illinois. The Buyers were found on the first day of the property being listed for sale and closed on the property within 29 days of contract execution at 98% of list price. The sale of the property was for $5,591,870, equal to $344.60 per square foot and a CAP Rate of 6.15%.