SRS Real Estate Partners Sells CVS Pharmacy Property In Ann Arbor, Michigan For $7.85M

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.