SOLD
SRS Real Estate Partners Sells CVS Pharmacy Property In Ann Arbor, Michigan For $7.85M
209 South State Street
Retail
13,040 SF
13,040 SF
Sold 254 days ago
Summary
Sale
MICHIGAN
Retail
13,040 sqft
The SRS Real Estate Partners recently facilitated the sale of a retail property in Ann Arbor, Michigan. This property, located at 209 South State Street, spans an area of 0.15 acres. The transaction, which took place on August 24, 2023, involved a sale price of $7,850,000 for a 13,040-square-foot CVS Pharmacy building. The property is situated next to the University of Michigan, which resulted in significant interest from potential buyers.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,850,000
- Address: 209 South State Street
- Market: Ann Arbor, Michigan
- Acres: 0.15
The transaction was facilitated by the SRS Real Estate Partners, with the seller represented by SRS Senior Vice President (SVP) John Redfield. On the buyer's side, SRS Vice Presidents (VPs) Michael Carter and Frank Rogers acted as the local buyer's representatives. This deal attracted strong interest due to the property's strategic location next to the University of Michigan.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Frank Rogers, John Redfield & Michael Carter
DATE: 08/24/2023
ADDRESS: 209 South State Street
MARKET: Ann Arbor, Michigan
ASSET TYPE: Retail ~ ACRES: 0.15
BROKERS: John Redfield, Michael Carter & Frank Rogers - SRS Real Estate Partners (@SRSRealEstatePartners)
SALE PRICE: $7,850,000
SF: 13,040 ~ PPSF: $602
NOTE: SRS Real Estate Partners completed the $7.85 million sale of a 13,040-square-foot CVS Pharmacy property in Ann Arbor, Michigan, with strong interest due to its location next to the University of Michigan. SRS SVP John Redfield represented the seller, and SRS VPs Michael Carter and Frank Rogers represented the local buyer.View on map
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Address209 South State Street
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