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Miami Walgreens trades in all-cash $30M deal

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A 22,857-square foot Walgreens drugstore in Miami Beach has traded for $30 million — or $1,312 per square foot — making it the second highest price paid for a drugstore in the United States this year and the highest price attained by a net-leased asset in Miami Beach so far this year, Marcus & Millichap Real Estate Investment Services, who handled the deal, announced today. Sean Shahar Ziv, an associate in Marcus & Millichap’s San Diego office, represented the seller, [more]

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