NAI BT Commercial this week announced the sale of two Walgreens-occupied properties — one in Opelika, Ala., and one in Cedar City, Utah.

The total value of the transactions was more than $10.4 million.

In the Alabama deal, a developer sold the approximately 14,500-square-foot property to a private investor for $5.1 million, or $346 per square foot.

In the Utah transaction, a developer sold the approximately 14,500-square-foot property to a private investor for a slightly higher price of $5.3 million, or $368 per square foot.


***


What’s your opinion? Leave your comments below or send a
letter to the editor.


Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top