Freestanding Eckerd Drug Sold

Contact Information:
Trey Morgan
Morgan Real Estate, Inc.
954-563-8600
954-563-9566
tmorgan@flaprop.com

FPIP IV, LTD. recently sold its freestanding Eckerd Drugstore located at 850 West Sample Road in Pompano Beach, Florida. The property is 1.58 acres and sold for $2,915,000.00. Trey Morgan of Morgan Real Estate, Inc. represented the seller in the transaction. The buyer was represented by Robbert Gaarlandt, Inc., Real Estate and Consulting Services.

“Morgan Real Estate continues to seek aggressive cap rates for our clients in both their acquisition and disposition of income-producing properties,” said Morgan. Last November, Morgan Real Estate, Inc. represented the seller in the sale of the Gateway Shoppes shopping center, located at 1001 N. Federal Highway in Fort Lauderdale, which sold for $3,850,000.00.

Morgan Real Estate is a licensed real estate broker, whose principal is George A. Morgan, Jr. The company focuses on investment brokerage, transaction representation, and 1031 exchanges. In addition, the company also provides leasing and property management services for over 445,000 square feet of office and retail properties across the State of Florida.