Thursday, July 15, 2010

Philly Walgreens Sells for $6.6M

"The Walgreens at 7201 Castor Ave. in Philadelphia sold for $6.64 million, or $457 per square foot, in a sale between private investors.

This was a sale of a 25-year absolute bond net lease with Walgreens. The 14,525-square foot retail building completed construction in May and the tenant has taken occupancy at the site."

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