{"id":1004451406,"date":"2020-05-22T03:47:37","date_gmt":"2020-05-22T11:47:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004451406"},"modified":"2020-05-22T10:15:33","modified_gmt":"2020-05-22T18:15:33","slug":"consolidated-tomoka-sells-cvs-in-downtown-dallas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/consolidated-tomoka-sells-cvs-in-downtown-dallas\/","title":{"rendered":"Consolidated Tomoka Sells CVS in Downtown Dallas"},"content":{"rendered":"
\"\"<\/a>

2501 N. Field St. Image via Google Street View<\/em><\/p><\/div>\n

Consolidated Tomoka has sold a 10,430-square-foot CVS Pharmacy in downtown Dallas. Marcus & Millichap represented the seller and procured the buyer, a Florida-based 1031 exchange investor.<\/p>\n

Delivered in 2016, the property is immediately adjacent to three residential high-rises. Located at 2501 N. Field St., the pharmacy is less than 4 miles away from Children’s Medical Center Dallas. There are more than $1.5 billion square feet of commercial projects under construction, planned or finalized within a 1-mile radius of the site.<\/p>\n

Marcus & Millichap’s Executive Managing Director, Investments, Alvin Mansour and Kevin Mansour assisted the seller. Senior Managing Directors Ronnie Issenberg and Gabriel Britti procured the buyer. According to Issenberg, strong credit-backed single-tenant net-lease retail assets have historically demonstrated resiliency through economic turbulence.<\/p>\n

Recently, Alvin Mansour and Kevin Mansour represented the seller of a downtown San Diego retail condo property<\/a> occupied by an Albertsons grocery store. The nearly 43,000-square-foot building changed hands for more than $20 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Marcus & Millichap represented the seller and procured the buyer, a\u00a0Florida-based 1031 exchange investor.<\/p>\n","protected":false},"author":868,"featured_media":1004451442,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21743,21742,21749],"tags":[33536,39216,34836],"class_list":["post-1004451406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-deals","category-latest","category-retail","tag-1031-exchange","tag-consolidated-tomoka-land-company","tag-marcus-millichap"],"acf":[],"yoast_head":"\nConsolidated Tomoka Sells CVS in Downtown Dallas - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/consolidated-tomoka-sells-cvs-in-downtown-dallas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consolidated Tomoka Sells CVS in Downtown Dallas\" \/>\n<meta property=\"og:description\" content=\"Marcus & Millichap represented the seller and procured the buyer, a\u00a0Florida-based 1031 exchange investor.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/consolidated-tomoka-sells-cvs-in-downtown-dallas\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-22T11:47:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-22T18:15:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/2501-N.-Field-St-e1590145816554.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"727\" \/>\n\t<meta property=\"og:image:height\" content=\"544\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/consolidated-tomoka-sells-cvs-in-downtown-dallas\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/consolidated-tomoka-sells-cvs-in-downtown-dallas\/\",\"name\":\"Consolidated Tomoka Sells CVS in Downtown Dallas - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/consolidated-tomoka-sells-cvs-in-downtown-dallas\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/consolidated-tomoka-sells-cvs-in-downtown-dallas\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/2501-N.-Field-St-e1590145816554.jpg\",\"datePublished\":\"2020-05-22T11:47:37+00:00\",\"dateModified\":\"2020-05-22T18:15:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/consolidated-tomoka-sells-cvs-in-downtown-dallas\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/consolidated-tomoka-sells-cvs-in-downtown-dallas\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/consolidated-tomoka-sells-cvs-in-downtown-dallas\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/2501-N.-Field-St-e1590145816554.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/2501-N.-Field-St-e1590145816554.jpg\",\"width\":727,\"height\":544,\"caption\":\"2501 N. 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