Consolidated Tomoka Announces Sale of CVS Ground Lease in Downtown Dallas, Texas for $15.2 Million
CTO Realty Growth, Inc. (CTO)
NASDAQ:AMEX Investor Relations:
ir.ctlc.com
Company Research
Source: GlobeNewswire
DAYTONA BEACH, Fla., April 24, 2020 (GLOBE NEWSWIRE) -- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company” or “CTO”) today announced the closing of the sale of its CVS ground lease located in downtown Dallas, Texas, for a sales price of $15.2 million, reflecting an exit cap rate of 4.50%. The Company was represented by The Mansour Group of Marcus & Millichap. Approximately $10.4 million of the proceeds received from the sale constituted the completion of a Section 1031 like-kind exchange into the recently-purchased Perimeter Place asset in Atlanta, Georgia. The remaining proceeds are expected to be part of a future Section 1031 like-kind exchange. The Company’s estimated gain on the sale is approximately $0.8 million, or $0.13 per share after tax. About Consolidated-Tomoka Land Co.Consolidated-Tomoka Land Co. is a Florida-based publicly traded real estate company, which owns income properties comprised of approximately 2.3 million square feet in diversified ma
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CTO
Earnings
- 10/24/24 - Beat
CTO
Sec Filings
- 12/3/24 - Form 4
- 11/13/24 - Form EFFECT
- 11/12/24 - Form SC
- CTO's page on the SEC website