Pharma Property Group Sells Vacant CVS in San Bernardino County

Closing

Pharma Property Group (PPG) is pleased to announce that the firm successfully arranged the sale of a vacant CVS property located in Upland, California. PPG sourced the buyer, a local, Southern California-based investment and property management group, who added to their large Southern California retail portfolio.  

 

“We are proud to have facilitated this transaction with a short marketing timeline, with less than 60 days elapsed from going to market to having the deal sold,” said Dawson MacKay, Vice President at Pharma Property Group. “Our specialized approach and large buyer rolodex allow us to consistently deliver favorable outcomes for our clients. Our ability to source both local and national buyers for vacant drugstore properties continues to show results as we have expanded our business to include short-term and vacant drugstore locations.”

 

The sale of this vacant CVS property, with short timelines, demonstrates PPG’s ability to effectively navigate the changing drugstore market. “With the many closures underway in the drugstore sector, especially with Walgreens, we have been working with many regional buyers and end users who are actively looking for vacant drugstore opportunities,” MacKay added. “This has proven to be a significant advantage, particularly in the current environment, as we are able to help our clients with not only open and operating drugstore inventory, but also short-term and shuttered locations.”

 

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Pharma Property Group (PPG) is a premier commercial real estate firm specializing exclusively in properties leased to national drugstore chains including Walgreens & CVS. With a proven track record of success, evidenced by over $3 billion in closed transactions and over $5 billion in drugstores underwritten, PPG offers landlords unparalleled market intelligence and access to the industry’s most extensive network of drugstore property owners. Our unique and comprehensive marketing platform ensures access to the largest pool of drugstore buyers and sellers in the nation.

 

Dawson MacKay, Vice President

Pharma Property Group
1979 Chicago Street
San Diego, CA 92110
www.pharmapropertygroup.com
Cell: 858-537-0828

 

Jason Pongsrikul, Managing Principal

Pharma Property Group
1979 Chicago Street
San Diego, CA 92110
www.pharmapropertygroup.com
Office: (858) 860-6591