Florida & Gulf Coast + Central Florida + Retail | April 28, 2021

Marcus & Millichap Brokers $7M Sale of Net-Leased Retail Property in Orlando

Marcus & Millichap has arranged the $7.4 million sale of CVS Orlando, a net-leased retail property in Orlando. Located at 2702 Orange Ave., the property is subject to a 20-year lease with CVS, which was recently executed.

Gabriel Britti, Ronnie Issenberg, and Ricardo Esteves of Marcus & Millichap’s Miami office represented the seller, a limited liability company, in the transaction. The buyer was not disclosed.

“Orlando continues to be one of the most sought-after markets in Florida,” said Britti. “Florida’s continued population growth makes Florida Net Lease Drug Stores highly desirable by investors throughout the US.”

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Marcus & Millichap’s Britti

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.