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

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    CBRE

    CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

    Contact:

    Robert W. McGrath
    Senior Director, Corporate Communications

    +1 212 9846515
    +1 800 7996523 FREE

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