Monday, January 31, 2011
The Boulder Group Completes Sale of Triple Net Lease Walgreens Property
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located in St. Paul, MN for $5,909,000. The 14,490 square foot building sits on a 1.18 acre parcel is 100% leased on a long term basis to Walgreens.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the 1031 exchange buyer, a private family trust based in California. The seller was a preferred Midwest Walgreens developer.
“This efficient transaction was completed in twenty-five days from the initial contact with the developer” said Jimmy Goodman, Partner of The Boulder Group. Randy Blankstein, President of The Boulder Group, added, “Walgreen’s properties in major metropolitan areas continue to be in high demand for 1031 exchange investors.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has participated in the acquisition and disposition of more than $1.2 billion of net lease real estate transactions through several real estate cycles. The Boulder Group is headquartered in suburban Chicago. The company’s internet address is www.bouldergroup.com