The Boulder Group, a net leased investment
brokerage firm, has completed the sale of a single
tenant Fresenius property located at 300 North 1st Street in
Vincennes, IN for $3,795,447.
The
Fresenius property is strategically located just north of the Vincennes
downtown corridor. The surrounding area is densely concentrated with commercial
and residential buildings. There are over 20,000 people living within a three
mile radius of the property. The surrounding trade area features many retailers
such as Lowe’s, JCPenney, Walgreens, AutoZone and Dollar General. Further
contributing to the strength of this Fresenius is its proximity to the Good
Samaritan Hospital. Good Samaritan Hospital is a regional 232-bed facility that
employs over 1,900 people.
Randy Blankstein
and Jimmy Goodman of The Boulder Group represented the seller in the
transaction; a Midwest based private partnership. The purchaser was a high net
worth individual based on the West Coast.
The newly signed
Fresenius lease is for 15 years and features 2% annual rental escalations.
Fresenius Medical Care North America provides renal services to hundreds of
thousands of people throughout the United State, Mexico, and Canada through
their 2,200+ dialysis facilities. Fresenius is an investment grade rated
company with a Standard and Poor’s rating BBB-.
“Medical related properties featuring long term leases with
multiple 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 $3 billion of single tenant net lease real estate transactions. From 2010-2015, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by CoStar and 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 $3 billion of single tenant net lease real estate transactions. From 2010-2015, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by CoStar and Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com
