
Dallas CVS Trades in “Irreplaceable Location”
Marcus & Millichap recently completed the sale of a 10,430-square-foot CVS in downtown Dallas. Built in 2016, the property is immediately adjacent to three residential high-rises.
Alvin Mansour and Kevin Mansour represented the seller, Consolidated Tomoka. Miami-based Ronnie Issenberg and Gabriel Britti, senior managing directors with Marcus & Millichap’s The Issenberg Britti Group, procured the buyer, a Florida-based 1031 trade buyer.
“This is an irreplaceable location in downtown Dallas with a long-term credit net lease,” said 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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