Continued Demand For Essential Properties

PLAINVIEW, NY, August 24 – A Walgreens located on the main corridor through Suwanee, GA has been acquired for $5,400,000 by Green Hog LLC. A CVS in Montgomery, WV has been acquired for $902,500. Despite the challenges that arose during the sales of these properties, these transactions continue the trend of properties with essential tenants drawing demand throughout the country.

Deal Details:

Walgreens | Suwanee, GA
Sell Price: $5,400,000 | 6.5% Cap
Chinho Park of Silber Investment Properties represented the seller and Nick Anzalone of Silber Investment Properties represented the buyer.
Seller: MERCADANTE & MERCADANTE
Buyer: Green Hog LLC
Size: 1.64 Acres | 13,502 SF

CVS | Montgomery, WV
Sell Price: $902,500 | 10% Cap
Bret Verderber of Silber Investment Properties represented the seller and Stuart Frankel of Silber Investment Properties represented the buyer.
Seller: Corrgate LLC
Buyer: Battery Group LLC
Size: .56 Acres | 9,000 SF

ABOUT SILBER INVESTMENT PROPERTIES

Long Island based commercial real estate brokerage; Silber Investment Properties (SIP), specializes in the acquisition and disposition of retail investment properties ranging from multi-million dollar shopping centers to a single tenant chain store. In addition the SIP National Net Leased Division brokers hundreds of Triple-Net (NNN) Properties across the country. Silber Investment Properties has earned a reputation for brokering off-market, in-house transactions, and maintains relationships with REITs, large corporations, family trusts, developers, and private investors.

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