October 11, 2012
Ackerman & Co. Sells Net-leased Walgreens for $5.6MM
Atlanta, October, 11, 2012 – Ackerman & Co. has brokered the sale of a 14,560-square-foot Walgreens in Greenville, NC for $5,625,000. The single-tenant, net-leased transaction included an assumption of the existing CMBS loan. The Greenville, North Carolina Walgreens, built in 2005, is located on a hard corner within a major retail corridor in Greenville.
The Ackerman & Co. investment sales team of Jason Powell and Andrew Murphy represented the seller, a private investor, in the transaction. The property was purchased by an affiliate of Four Springs Capital Trust (FSCT), a newly formed REIT. FSCT has acquired over $23MM worth of net-leased properties over the last several months and they are actively seeking net lease acquisition opportunities. They were represented in-house by William Dioguardi and Coby Johnson.
– About Ackerman & Co. –
Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired more than 30 million square feet of office, medical, retail and mixed-use space, has nearly 4 million square feet under management, and maintains an investment portfolio valued at $750 million.
The company’s Investment Sales and Retail team provide unsurpassed institutional underwriting and marketing that ensure optimum financial results. Our clients trust us with more than $300 million of active listings.
For more information on Ackerman & Co., visit www.ackermanco.com