The Boulder Group, a net leased investment
brokerage firm, has completed the sale of a single
tenant triple net leased Time Warner Cable property located at 14079 Senlac
Drive in Farmers Branch, TX for $4,820,000.
Time Warner Cable is the sole occupant of
the 40,000 square foot industrial building that was developed in 1996. The
property is located on a 4.86 acre parcel in Farmers Branch, TX. Farmers Branch
is located in the northeast portion of the Dallas MSA. The property
featured a high end building combined with a newly renewed lease to an
investment grade rated tenant.
Randy Blankstein
and Jimmy Goodman of The Boulder Group represented the seller; a Midwest based
partnership, in the transaction. The buyer was a high net worth individual
investor.
Time Warner Cable
had seven years of lease term remaining on a triple net lease with annual
rental escalations in the primary term. Time Warner Cable is a publicly traded
company on the New York Stock Exchange (TWC) and the company has an investment
grade credit rating by Standard and Poor’s of BBB.
“The
market for net leased industrial properties remains strong and investors are
particularly focused on higher quality tenants in major metros, therefore this
was a sought after asset.” ” said Randy Blankstein, President of The Boulder
Group. Jimmy Goodman, Partner of The
Boulder Group, added, “Despite the increased demand for long term single tenant
assets, there are investors willing to purchase shorter term assets in order to
achieve higher yields in major markets.”
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 arranged 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
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 arranged 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