- March 28, 2024
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BUYER: Yi Shiu Chen, San Jose, Calif.
SELLER: Capstone Harborview LLC
PROPERTY: 4478 Tamiami Trail, Port Charlotte
PRICE: $2.86 million
PREVIOUS PRICE: $176,900, December 2008
LAW FIRM ON DEED: Baker & Hostetler LLP, Orlando
PLANS, DESCRIPTION: San Jose, Calif. investor Yi Shiu Chen purchased land housing a CVS/pharmacy in Port Charlotte for $2.86 million.
The freestanding 12,900-square-foot drugstore was built in 2008. CVS Carmark Corp., which has been there since early 2009, has 23 years left on a ground lease. The land was sold as an investment.
Sonny Molloy in Marcus & Millichap's Atlanta office represented the seller.
Yi Shiu Chen mortgaged the property to Patriot Bank for $2.15 million.