Press Releases
Marcus & Millichap Arranges $4.67M Sale of Walgreens in West Palm Beach, Florida
November 04, 2026
WEST PALM BEACH, Fla., Nov. 4, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a Walgreens in West Palm Beach, Florida. The asset sold for $4.67 million.
"This transaction highlights the value of acquiring well-located real estate with below-market rents in a growing South Florida market,” said Eddie Toledo, senior director in Marcus & Millichap's Miami office. “With nearly two acres at a major intersection in West Palm Beach, the buyer recognized the long-term potential of the underlying real estate beyond the existing tenancy.”
Toledo and Jonathan De La Rosa of Marcus & Millichap procured the buyer, a private investor.
The property is located at 2050 45th St. and totals 15,048 square feet on a 1.84-acre lot. It was built in 1998. It's situated on the corner of 45th Street and N. Congress Avenue, close to HCA Florida JFK North Hospital and Interstate 95.
"This transaction highlights the value of acquiring well-located real estate with below-market rents in a growing South Florida market,” said Eddie Toledo, senior director in Marcus & Millichap's Miami office. “With nearly two acres at a major intersection in West Palm Beach, the buyer recognized the long-term potential of the underlying real estate beyond the existing tenancy.”
Toledo and Jonathan De La Rosa of Marcus & Millichap procured the buyer, a private investor.
The property is located at 2050 45th St. and totals 15,048 square feet on a 1.84-acre lot. It was built in 1998. It's situated on the corner of 45th Street and N. Congress Avenue, close to HCA Florida JFK North Hospital and Interstate 95.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
