{"id":104887,"date":"2026-02-14T01:46:05","date_gmt":"2026-02-14T01:46:05","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/saggio-realty-announces-milestone-linked-to-sale-of-marco-islands-cvs-anchored-plaza\/"},"modified":"2026-02-14T01:46:05","modified_gmt":"2026-02-14T01:46:05","slug":"saggio-realty-announces-milestone-linked-to-sale-of-marco-islands-cvs-anchored-plaza","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/saggio-realty-announces-milestone-linked-to-sale-of-marco-islands-cvs-anchored-plaza\/","title":{"rendered":"Saggio Realty Announces Milestone Linked to Sale of Marco Island\u2019s CVS-Anchored Plaza"},"content":{"rendered":"
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Marco Island, Florida, Feb. 13, 2026 (GLOBE NEWSWIRE) — Saggio Realty proudly congratulates\u00a0Hendricks Commercial Properties<\/strong> on the successful sale of Island Plaza<\/strong>, the approximately 79,000-square-foot CVS-anchored retail center<\/strong> located at 3058-3078 Bald Eagle Drive<\/strong>,, Marco Island<\/strong>, which closed in late 2025 for $26.6 million<\/strong>.<\/p>\n

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CVS Anchored Island Plaza<\/p>\n

Saggio Realty was NOT the broker on this recent transaction for 2025.<\/p>\n

Mike Rivera<\/strong> was Hendricks broker on the 2013 acquisition sale<\/strong>. The transaction ranks among the most impressive commercial real estate investment outcomes in Southwest Florida for 2025 as it was in 2013.<\/p>\n

Case study:<\/p>\n

The property was originally acquired in a private, off-market sale in 2013<\/strong>, brokered by Mike Rivera of Saggio Realty<\/strong><\/a>,for $12,500,000<\/strong> the Largest Real Estate Transaction during the Great Recession at that time. In cooperation with Hendricks representative Steve Eaheart<\/strong>. The long-term performance of the asset demonstrates the strength of disciplined ownership, strategic tenancy management, and patient capital in a high-demand sub 5 cap Naples Florida coastal market.<\/p>\n

Exceptional Cash Flow & Long-Term Returns<\/strong><\/p>\n

At acquisition, Island Plaza delivered a value add, strong and stable income profile supported by national-credit tenancy. According to historical operational files, the center produced:<\/p>\n

FIRST-YEAR NET OPERATING INCOME (NOI)<\/strong><\/p>\n

Just under $995,000<\/strong><\/p>\n

This NOI level positioned the asset among the strongest-performing retail holdings on Marco Island at the time of purchase.<\/p>\n

Over Hendricks\u2019 12-year hold, the center remained consistently leased, benefitting from sustained tourism-driven demand, tenant stability, and strategic improvements. The resulting investment performance was outstanding:<\/p>\n

Investment Performance Summary<\/strong><\/p>\n