Four-State CVS Portfolio Fetches $19M,Midwest News

Stan Johnson Company (SJC) closed the sale of a zero cash flow portfolio fully leased to CVS Pharmacy. The four-building, four-state portfolio of retail drugstores sold to a private 1031 exchange investor for approximately $19.2 million. SJC’s Josh Pardue and Zach Pool represented the seller, a leading New York City developer. The properties were built between 2011 and 2013 with absolute triple…


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