Pharma Property Group Closes Off Market Portfolio of 3 CVS Leasehold Stores
“We are pleased to announce the sale of 3 CVS leasehold properties. PPG was able to locate a owner willing to sell and brought the owner an offer to purchase all three stores in their drugstore portfolio. The stores were shorter term leases and were leasehold ownership structures,” explained, Jason Stuart Pongsrikul, Managing Broker of Pharma Property Group.
“These transactions were more complex due to the fact that the ownership interest for sale was leasehold. We were able to locate a buyer that had the experience in closing drugstore leasehold transactions and the deal got done in a smooth fashion,” stated, Mr. Pongsrikul
Jason Pongsrikul, Managing Director, and Chris Barry, Associate, brokered the transaction.
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 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
5322 Banks Street
San Diego, CA 92110
Office: (619) 297-0055