Property Details

  • Price Sold: 5,980,000

CVS Pharmacy, Coconut Creek, FL


$5,980,000 | 6 CAP | 5-Yr NNN Lease

Full Asking Price | Closed In Just 31 Days Total

Scope of Assignment

Helping a repeat client acquire and resell a well located short term CVS Pharmacy in high demand with a very short supply of inventory going into the peak “High Season” in South Florida when all of the snowbirds are in town.

Results

By leveraging our large internal database of qualified high net worth invested we were able to source 4 Buyers completely off market within just a couple of hours of sending out our marketing emails and phone calls. We had several very qualified buyers and had a tough decision but suggested that our client moved forward with one of the buyers who was represented by an outside broker with the best buyer for the deal. One of our secrets to success is we co-broke all of our deals 50/50 which maximizing our sellers exit prices with the entire brokerage community working our inventory but also helps us find the best “pocket deals” on the buyside. The escrow on this transaction ran like clockwork with this cash buyer out of New York who was taking profits from the stock market redeploy the capital specifically into this type of passive income investment vehicle for estate planning purposes.