Ocean Cadillac Acquires CVS Ground Lease in Venice
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North american Development Group sold the ground lease below a CVS at 215 Jacaranda Blvd. in Venice, FL to Ocean Cadillac, Inc. for $ 9.53 million, or about $ 735 per square foot. The subject property is improved with a single-tenant retail building constructed in 2009 on 12.5 acres. The building is 100 percent occupied by CVS on a triple-net lease. Eric Carlton, Jereme Snyder, John Sharpe and Ivo Tsinev of Colliers International represnted…
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