Pharma Property Group Recently Closes 5 Walgreens & CVS Property Transactions with Lease Terms Ranging from 20 Years to 25 Years Before the Option Periods
“These five closings were individual transactions spread throughout the country in Tennessee, Alabama, Oklahoma, New Jersey and Texas demonstrating Pharma Property Group’s national reach as a commercial real estate brokerage firm. PPG sourced each of the buyers directly who were private investors based in New York, Florida, California and Illinois showing our national access to private capital seeking drugstore investments,” said Jason Stuart Pongsrikul, managing broker of Pharma Property Group.
“The transactions ranged from $4,500,000 to $9,000,000 and four of the five drugstores were closed all cash. Our private investors more often than not purchase cash and have the ability to close quickly once they make up their mind,” added Mr. Pongsrikul.
“On a daily basis, we are working with private investors and family trusts who are either first time drugstore buyers, in a 1031 trade or are repeat buyers of the firm. Buyers know that PPG has the ability to source deliverable quality drugstore investments that are both on market and off market not typically seen by the general public,” continued Mr. Pongsrikul.
Pharma Property Group is a specialized national commercial real estate brokerage firm providing investment services for drugstore landlords who own Walgreens, CVS and Rite Aid properties throughout the nation.
Pharma Property Group
5328 Banks Street Suite B
San Diego, CA 92110
Office: (619) 297-0055