A Walgreens-leased building in the wealthy Broward County city of Weston sold for $11.24 million.
SRA/Weston Shop, managed by Clifford M. Stein in Miami Beach, sold the 15,653-square-foot building at 4473 Weston Road to Harris Realty Weston, managed by Evan A. Harris in Boca Raton. The price equates to $718 per square foot.
The deal shows that buyers are willing to pay a premium for national-credit tenant properties in cities with strong household income levels.
The building was completed on the…