(Northbrook, IL -April 21, 2011)- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Citizens Financial Bank property located in St. John, IN for $1,619,718. The 36,258 square foot parcel is 100% leased on a long term basis to the publicly traded bank.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Chicago based partnership. The purchaser was a private high net worth investor from Canada.
“Bank ground leases with long term leases remain in high demand for net lease real estate investors” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “The above average rental escalations combined with the property’s location within the Chicago MSA attracted multiple prospective buyers.”
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