Mid-America Real Estate Corporation, in cooperation with Anchor Associates announces the recent sale of a CVS Pharmacy in Newark, Ohio. The property, a 10,125 sf building on 1.79 acres, was acquired by a private investor. The lease had 8 years remaining on the primary term at the time of sale. The loan in place was structured as a “zero cash flow” investment.
Mark Goldberg, Tom
Fritz, and Bill Wright of Mid-America Real Estate in
cooperation with Amy Holter of Anchor Associates (an Ohio licensed real estate
broker), represented the seller, a Pennsylvania investor in the transaction.
Mid-America also represented the seller when he acquired of the property.
Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit www.midamericagrp.com/netlease.html
Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate. Mid-America Real Estate Group is a full-service retail real estate organization that has become the Midwest’s leader in retail investment sales. For more information, call (630) 954-7300 or visit www.midamericagrp.com/netlease.html
For more information on our current property listings please Click Here
