Orlando — Walgreens sale sets Southeast price record for 2011 and thus far in 2012.
The sale of a Walgreens in Orlando has a set a record in the Southeast.Orlando — Marcus & Millichap has sold a 14,490-square-foot Walgreens in Orlando for $10 million, equating to $692 per square foot. According to the company, that is the highest price paid for a Walgreens in the Southeast in 2011 or thus far in 2012. The property is located at the intersection of Sand Lake Road and Orange Blossom Trail, across from The Florida Mall. Marcus & Millichap’s Lori Schneider, based in the firm’s Ft. Lauderdale office, sold the property on behalf of a local developer.
Scheider also recently brokered the sale of a CVS/pharmacy in Largo, Fla., for $4.12 million, as well as the sale of a portfolio of CVS locations in Florida for $19.45 million.