Pharma Property Group Closes a 24 Hour Walgreens in Bessemer, Alabama to West Coast Investor.
“The property owner signed an exclusive listing agreement with PPG to sell their Walgreens property in Bessemer, Alabama which had just less than 4 years of lease term remaining. We were able to identify a private all cash west coast buyer and closed in 60 days. PPG will also be representing the seller in a 1031 exchange,” explained Chris Barry, Associate at Pharma Property Group.
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. Mr. Pongsrikul was a top 30 agent out of 1,300 agents for one of the top commercial real estate investment firms in the nation and in 2012 recognized the need for further broker specialization in the drugstore property sector.
Mr. Pongsrikul formed Pharma Property Group (PPG) to specialize exclusively in providing commercial real estate services to landlords who own properties occupied by Walgreens, CVS and Rite Aid. Pharma Property Group is now 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
5328 Banks Street Suite B
San Diego, CA 92110
Office: (619) 297-0055