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CBRE SELLS SINGLE-TENANT NET-LEASED RETAIL PROPERTY

CBRE SELLS SINGLE-TENANT NET-LEASED RETAIL PROPERTY

Fort Lauderdale, FL – October 2, 2013 – (RealEstateRama) — CBRE’s Private Capital Group arranged the sale of a freestanding single-tenant building occupied by Starbucks. The property is located at 5220 Little Road in New Port Richey, unincorporated Pasco County, Florida, within the Tampa/St. Petersburg MSA. The buyer, Roddimeyer III, LLC, purchased the property for $2,065,000 from Little Road Café, LLC, who hired CBRE to market the asset for sale and negotiate the transaction