(Wilmette, IL – October 24, 2018) – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Fresenius property located at 2600 N Coria Street in Brownsville, Texas for $2,900,000.
Fresenius recently renewed their lease for 10 years, showing their commitment to this location. The property is absolute triple net with zero landlord responsibilities. The lease features 3% annual rental escalations and two 5-year renewal options. There are over 170,000 people living within a five mile radius of the property.
Randy Blankstein and John Feeney of The Boulder Group represented the seller in the transaction. The seller was a Texas based partnership and the buyer was a West Coast based real estate fund.
“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. John Feeney, Senior Vice President of The Boulder Group, added, “We are seeing many investors turn their attention toward 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 $4 billion of single tenant net lease real estate transactions. From 2012-2017, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com
The Boulder Group