Wednesday, February 25, 2015

Philadelphia Land Sold for $8.4M

Avis Rent-A-Car System LLC sold three-quarters of an acre at 2000 Arch St. in Philadelphia, PA for $8.4 million, or about $11,000 per acre.

The site is currently improved with a 3,000-square-foot retail building. The buyer signed a leaseback deal with the seller for one year, after which the buyer plans to demolish the building.

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