Order Reprints…Might 26, 2020Marcus & Millichap not too long ago accomplished the sale of a 10,430-square-foot CVS in downtown Dallas. In-built 2016, the property is straight away adjoining to a few residential high-rises.
Alvin Mansour and Kevin Mansour represented the vendor, Consolidated Tomoka. Miami-based Ronnie Issenberg and Gabriel Britti, senior managing administrators with Marcus & Millichap’s The Issenberg Britti Group, procured the client, a Florida-based 1031 commerce purchaser.
“This is an irreplaceable location in downtown Dallas with a long-term credit net lease,” stated Alvin Mansour. “A win-win on all fronts. The trophy generational asset is set on almost a full acre between the Harwood District and Victory Park, adjacent to the American Airlines Center.”
Britti added, “With inventory dwindling in Florida due to extremely high demand, our typical ‘Florida-only’ clients are looking to other income tax-free states for their 1031 needs. We are seeing a lot of capital move between these states.”
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Tags: Dealer, Retail, Salebroker retail saledallas-fortworth texas-newsDallas CVS Trades in “Irreplaceable Location”Paul Bubny