Pharma Property Group Closes 7 Transactions in 6 States to Start 2019 with $230,000,000 Currently Available in Exclusively Listed Drugstore Properties
“We are extremely proud to announce that we have closed 7 transactions across 6 different states in the last 45 days. Three transactions were Walgreens properties closed off market where we put buyer and seller together, one transaction was off market where we represented a buyer directly purchasing a new build from a CVS developer and three others we had exclusively listed,” explained Jason Stuart Pongsrikul, Managing Broker of Pharma Property Group.
“Year over year Pharma Property Group’s drugstore production increases and these closings show our ability to close deals in a number of ways. We are flexible in how we transact, and we are able to close deals in the best manner possible for the property owner. It’s not about pushing owners into a traditional out dated brokerage model of list, list, list…. It’s about how can we get this deal sold expeditiously in the right way that is best for the client,” stated Mr. Pongsrikul.
“With such a large amount of drugstore inventory available it is important that investors or their advisors have the underwriting ability to recognize sensible drugstore investment opportunities that have indicators of profitable store performance and solid underlying real estate fundamentals. PPG as a company is excited to continue to bring unparalleled drugstore market knowledge and counsel to our clients allowing them to make the best-informed investment decisions for their drugstore portfolios during 2019,” continues Mr. Pongsrikul.
Based in San Diego, California, Pharma Property Group (www.pharmapropertygroup.com) was founded in 2012 by Jason Stuart Pongsrikul who has closed over $1 Billion in net leased commercial properties throughout the country during the last decade.
Pharma Property Group (PPG) specializes in providing commercial real estate services to landlords who own properties occupied by Walgreens, CVS and Rite Aid. Pharma Property Group is now 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.
Pharma Property Group
5328 Banks Street Suite B
San Diego, CA 92110
Office: (619) 297-0055