Friday, February 18, 2011
The Boulder Group Completes Sale of Triple Net Leased Best Buy Property
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Best Buy property located in Marquette, MI for $4,952,000. The 30,040 square foot building sits on a 4.81 acre parcel is 100% leased on a long term basis to Best Buy.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer, a real estate investment trust based in California. The seller was a Midwest private partnership.
“Investment grade tenants with long term leases remain in high demand for real estate investors” said Jimmy Goodman, Partner of The Boulder Group. Randy Blankstein, President of The Boulder Group, added, “The limited supply of newly developed single tenant net lease properties is causing investors to aggressively pursue the few opportunities that are available”
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