The Boulder Group, a net leased investment
brokerage firm, has completed the sale of a single
tenant Seasons Inpatient Hospice property located at 2195 West Diehl Road in
Naperville, IL for $5,342,857.
The
recently constructed 10,342 square foot Seasons Inpatient Hospice facility is
strategically located along Diehl Road in the affluent suburb of Naperville.
The property is benefitted by its proximity to Interstate 88 and Route 59.
This
Seasons Inpatient Hospice location received the last issued license in the
state of Illinois for an inpatient hospice facility in an area with a
population of 200,000 to 700,000, providing for substantial barriers to entry.
Seasons Hospice Inpatient and Palliative Care is a for-profit hospice operator.
With the aging population in the United States, the hospice industry is poised
for future success. By 2030, the total percentage of the population aged 65 and
older is projected to increase by 60% to a total of 20% of all Americans.
Randy Blankstein
and Jimmy Goodman of The Boulder Group represented the seller in the
transaction; a private real estate corporation. The purchaser was a 1031
exchange investor from California.
There are over
seven years remaining on the Seasons Inpatient Hospice lease which expires in
January 2023. The lease features annual rental escalations and no landlord
responsibilities. Seasons Inpatient Hospice is the 4th largest
hospice company in the United States.
“Properties featuring annual rental escalations continue to
be highly sought after amongst the investor community as they provide an
inflationary hedge” said Randy Blankstein, President of The Boulder
Group. Jimmy Goodman, Partner of The
Boulder Group, added, “We are seeing many investors
turn their attention to medical properties as they are highly resistant to
e-commerce.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant 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 over 2.4 billion of single tenant net lease real estate transactions. From 2010-2014, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com
The Boulder Group is a boutique investment real estate service firm specializing in single tenant 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 over 2.4 billion of single tenant net lease real estate transactions. From 2010-2014, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com