Hanley Investment Group Real Estate Advisors recently arranged the sale of three single-tenant net-leased retail properties Walgreens occupied by three separate transactions within 25 days. The combined value of these sales was $22.6 million, with different buyers and sellers involved in each transaction. All three sales were transacted in association with ParaSell, Inc.
The first property sold was located in Minneapolis and sold for $6,600,000; Kevin Fryman (EVP) and Ed Hanley (President) represented the seller – a private investor from San Diego County – while the buyer – a private investor based out of Suffolk County NY – self-represented themselves during negotiations.
In Sugar Grove IL., Hanley Investment Group successfully brokered another Walgreens store for $6,590,000; Bill Asher (EVP), Jeff Lefko (EVP), Jeremy McChesney(EVP) represented the seller – a private investor from Orange County CA – while Isaiah Harf at Northmarq Chicago worked on behalf of an all-cash 1031 exchange buyer based out greater Chicago area.
Lastly, VP Brad Dessy & EVP Matt Burnett negotiated on behalf of the Miami metro area property which sold for $9,378,000 dollars to a Los Angeles county Private Investor. This particular building is 17,325 square feet large & is solely occupied by Walgreens store.
In total, Hanley Investment Group has managed to close 3 deals involving Walgreen stores within 25 days period worth $22,600,000 dollars altogether.
