Shiva Real Estate Enterprises, a real estate investment company, sold a Kerr Drug building to CapRocq CoreReal Estate Fund, L.P. for $5.535 million, or about $442 per square foot.
The retail building, located at 200 Highway 70 East in Hillsborough, NC, delivered in 2006. It totals 12,510 square feet. At the time of sale, it was fully occupied.
Matthew Greenspon of Marcus & Millichap Real Estate Investments Service represented the seller, while the buyer was self-represented.
Please see CoStar Comp #3031591 for more information on this transaction.