Cushman & Wakefield Negotiates $8.5M Sale of Net-Leased Walgreens in Orlando
Team of Patrick Berman, Jason Donald and Todd Tolbert Represented South Shore Corporate Park, LLC in the Disposition ORLANDO, FL, September 17, 2019 – Cushman & Wakefield has arranged the sale of a 14,550-square-foot, freestanding retail asset in Orlando for $8.5 million. The newly completed property is triple-net leased to Walgreens, Co., the largest drugstore in the United States, with 14+ years remaining on the lease term. The Cushman & Wakefield Retail Investment Sales Team of Managing Director Patrick Berman, Managing Director Jason Donald and Senior Associate Todd Tolbert represented South Shore Corporate Park, LLC in the disposition. The buyer is a private, Illinois-based investor. The property, known as Walgreens Goldenrod Orlando, was completed in 2018 as a build-to-suit project. It enjoys ample parking, excellent frontage and accessibility within the Central Orlando trade area. Located at 2300 S. Goldenrod Road, the asset is situated at the signalized intersection of Goldenrod [...]