CVS Pharmacy – Palm Bay
Property Type: Retail | Property Status: Sold
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%.
Details