March 19, 2013
Ackerman & Co. Sells Net Leased Walgreens for $4.7MM
Atlanta, March 19, 2013 – Ackerman & Co. has brokered the sale of a 14,820-square-foot, single-tenant, net-leased Walgreens in Panama City, Fla. for $4,660,000. The Panama City Walgreens, built in 2006, is located at a highly traveled corner site in the Callaway submarket. The sale included the assumption of the existing CMBS mortgage.
The Ackerman & Co. investment sales team of Jason Powell and Andrew Murphy represented the seller, a private investor out of Los Angeles, Calif., in the transaction. The property was purchased by an affiliate of Moinpour Investments, LLC based in Santa Monica.
– 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