CTO Realty Growth Announces Sale of Three Properties in Jacksonville, Florida For $34.9 Million
Yahoo! Finance
WINTER PARK, Fla., Sept. 26, 2022 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced the closing of the sale of three properties located in Jacksonville, Florida for a combined sales price $34.9 million, representing a weighted average exit cap rate of 6.1% and an estimated aggregate gain of $3.9 million. The properties sold include two single tenant retail properties leased to Firebirds Wood Fired Grill and Chuy’s, and 245 Riverside, the Company’s s
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