cvs investment sale, west boca raton

Boca Raton, FL – David Remland, Principal and Broker of Boca Raton based Remland Commercial and Elliott Bronfman, a Broker Associate of Atlantic Commercial Group, today announced the sale of the CVS drugstore located at the northeast corner of Yamato Rd and US 441/State Roadd 7 in Boca Raton, Florida.

According to Mr. Remland, who represented the Seller, Kasser Holdings, the property is a an excellent value for the buyers because of the new CVS corporate guaranty recently obtained by the former owner. The buyers, represented by Mr. Bronfman, a 
Michigan based investment group, payed $4,500,000 for the store representing a 5.8% cap rate on current income.

For more information, please contact: David Remland, Remland Commercial
(561) 809-8610
David Remland Email