Orion Buying Corp. Acquires Retail Property In Key West For $5.264M

The historic Walgreens building on Key West's Duval Street has been sold for $5.264 million. The buyer, Orion Buying Corp., was represented by Kevin Sanz of Orion Real Estate Group. The seller, Walgreens Co., was represented by Brian Pfohl of CBRE. The property is located at 527 Duval Street and is classified as a retail asset. It spans a total size of 10,174 square feet, with a price per square foot of $517.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $5,264,000
• Address: 527 Duval Street
• Market: Key West
• Buyer: Orion Buying Corp. - Joseph Sanz
• Seller: Walgreens Co.
• Buyer's Rep: Kevin Sanz - Orion Real Estate Group
• Seller's Rep: Brian Pfohl - CBRE
• Lender: Ocean Bank
• SF: 10,174
• PPSF: $517

Orion Buying Corp., led by Joseph Sanz, acquired the Walgreens building on Duval Street. The property holds personal significance for the Sanz family, who have historical ties to Key West. In addition to its retail space, the building also includes residential apartments.