Pharma Property Group Facilitates $80,000,000 Drugstore Portfolio Sale
“We are pleased to announce that Pharma Property Group has facilitated the closing of an $80,000,000 net leased portfolio that consisted primarily of drugstore assets across the country,” stated Jason Pongsrikul, Managing Principal.
“The transaction was done off market and Pharma Property Group was able to source both the seller and buyer of the transaction. A number of other brokers were unable to get this transaction sold for the owners and through our vast network of drugstore buyers, we were able to find the right match with a proven buyer that we had worked with on prior drugstore transactions,” explained Mr. Pongsrikul.
“I believe PPG’s drugstore specialty and strong rolodex of active drugstore investors was the difference in getting this deal done. Our laser focus on drugstores allow our brokers to be on the front lines and know which buyers are the most capable to get certain transactions closed which continues to provide value for our sellers in this fluid market. The buyers were able to close the transaction in an uncertain market and worked through the due diligence in an expedited fashion to perform in the end as promised,” stated Mr. Pongsrikul.
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
Office: (858) 860-6591