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CTO Realty Growth Announces Sale of Three Single Tenant Outparcels in Chandler, Arizona For $9.2M

Author: Benzinga Newsdesk | December 04, 2023 08:50am

CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced the closing of the sale of three single tenant outparcels in Chandler, Arizona for a combined sales price $9.2 million, representing a weighted average exit cap rate of 5.9% and generating aggregate gains on sale of approximately $3.0 million. The outparcels are leased to Olive Garden, Old Chicago Pizza + Taproom, and Mattress Firm and were part of the Company's Crossroads Towne Center property.
 

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