The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased ConocoPhillips property located at 10 S. Randall Road in Algonquin, IL for $5,176,000.
The 43,429 SF parcel was originally developed in 1995. The property is located at the intersection of Randall Road and Algonquin Road in northwest suburban Chicago. The single tenant property is leased on a triple net basis to ConocoPhillips with thirteen years remaining on the lease term.
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 Atlanta.
“Single tenant properties in major metros with long term leases and annual escalations remain in high demand in the current marketplace” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “The continued transaction volume in the single tenant marketplace remains strong with investors nationwide.”
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 website address is www.bouldergroup.com