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CBRE sells Dollar General in Philadelphia for $2M

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Los Angeles-based CBRE Group Inc. announced Tuesday its New York and New Jersey private capital groups completed the sale of 2120 S. 23rd Street in Philadelphia, Pa for $2.05 million.

According to the announcement, Dollar General occupies the 11,685-sq.-ft. building under a 10-year net lease, with two five-year option periods. Elli Klapper of the company's New York private capital group and Charles Berger of its N.J. private capital group completed the $2.05-million transaction on behalf of the seller. The building, which was constructed in 1920 and fully renovated in 2012, includes a new roof with a 20-year warranty.

Write to the Editorial Department at editorial@njbiz.com

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