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St. Augustine, Fla. — The Boulder Group has arranged the $3.15 million sale of a single-tenant, net-leased Walgreens property located in St. Augustine.
The 15,525-square-foot Walgreens is positioned across the street from Flagler Hospital. Randy Blankstein and John Feeney of The Boulder Group represented the buyer, a Midwest-based private investor in a 1031 exchange, in the sale of the property to a Florida-based developer.
There are over four years remaining on the Walgreens lease, which expires in May 2019.