CTO Realty Growth Sells Eastern Commons Shopping Center In Henderson For $18.2M

The property asset involved in this transaction is a retail space located at 10575 South Eastern Avenue in Henderson. The asset, known as the Eastern Commons shopping center, encompasses a square footage of 129,600 and has been sold for a transaction amount of $18,200,000, equating to a price per square foot of $140.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $18,200,000
• Square Footage: 129,600
• Address: 10575 South Eastern Avenue
• Market: Henderson
• Seller: CTO Realty Growth
• Seller's Representative: John P. Albright

CTO Realty Growth has executed this sale with the intention of utilizing the proceeds for a 1031-exchange transaction. The identity of the buyer remains undisclosed, contributing to the confidentiality surrounding this real estate deal.