The Real Deal Miami

Plantation Walgreens sells for $6.2M

December 08, 2011 12:53AM

A 12,863-square-foot Walgreens location in Plantation has sold for $6.2
million, or about $482 per square foot, according to Marcus &
Millichap, which arranged the sale. Ronnie Issenberg and Scott Sandelin,
specialists at the firm’s Miami office, represented the seller, a
private developer. The location is net-leased. “Net-leased drugstores
remain in high demand among investors nationwide,” Issenberg said.
“Risk-averse buyers continue to favor the predictable income streams and
ease of management offered by drug store assets such as this
well-located Walgreens.” The store, which was built in 2008, is located
at 10181 West Broward Boulevard. — Alexander