Walgreens Portfolio of Eight Properties Sells for $44.33 Million

Calabasas, Calif — Calabasas-based Marcus & Millichap has arranged the sale of an eight-property Walgreens portfolio for $44.33 million located in Texas, Illinois, New York, Ohio and South Carolina.

Russell Malayery, Drew Hines and Walter Chapman of Marcus & Millichap represented the seller, a private investor, and Mark Taylor and Dean Zang of Marcus & Millichap procured the buyer, also a private investor, in the transaction. Matthew Rosenberg of Marcus & Millichap arranged financing for four of the properties totaling $14 million. The 10-year, nonrecourse, fixed-term debt was structured with no prepay, 4.125 percent interest and a 25-year amortization schedule.