Bull Realty Brokers $4.9 Million CVS in Cullman, AL

ATLANTA - Aug. 17, 2015 - PRLog -- Bull Realty brokered the sale of a CVS in Cullman, AL, a 13,600 sq ft freestanding retail building. The sale closed on August 5, 2015 for $4.9 million.

Michael Bull, CCIM with Bull Realty represented a local 1031 Exchange buyer, Guggie H, LLC, in the purchase of the triple net investment opportunity, with a corporate guaranteed lease to CVS with 25 years on primary term.

“The purchaser utilized a 1031 to exchange from an older asset with a low cash flow in San Francisco into a newer safe income-stream property,” he said.

Strategic 1031 Exchange Advisors, LLC acted as a Qualified Intermediary. The seller, LL Cullman AL, LLC, was represented by John Glass with Marcus & Millichap.

Bull Realty, Inc. is a U.S. commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in nine states providing acquisition, disposition, leasing and advisory services.The firm also produces and hosts the nationally-syndicated Commercial Real Estate Show.

Michael Bull AL License #83872