Pharma Property Group Completes Sale of $9.7M Walgreens

Pharma Property Group has closed on the sale of a Walgreens property in Bastrop, Texas, approximately 30 miles southeast of Austin. The sellers were a private family out of California, with a goal of repositioning their proceeds into several new assets to add diversification to their portfolio.

“Despite the higher price point and one year option structures, we received several full price offers on the property and closed quickly to an outside broker with a 1031 exchange client,” explained Chris Barry, Vice President at Pharma Property Group.

Pharma Property Group brokers are working exclusively with the family to locate the up-leg properties for the 1031 Exchange targeting both drugstore and non-drugstore net lease product nationwide.

___

Pharma Property Group (PPG) has over $1.5 Billion in closing transaction experience and specializes in providing commercial real estate services to landlords who own properties occupied by Walgreens, CVS and Rite Aid.  Pharma Property Group is one of the top brokerage firms in the country in drugstore property closing volume and has an unparalleled drugstore marketing platform providing access to the largest pool of drugstore landlords in the nation.

Jason Pongsrikul, Managing Principal

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