The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Goodwill property located at 105 Carrollwood Drive in Laplace, Louisiana for $2,025,000.
The 15,000 square foot Goodwill property is positioned as an outparcel to Walmart Supercenter in the New Orleans MSA. Goodwill backfilled a vacant Sears building and redeveloped the property. The property located along a primary east-west thoroughfare with over 40,000 VPD. The new 10 year lease features a 10% rental escalation in year 6. The property also has a brand new roof with a 20 year warranty.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented both the buyer and seller in the transaction. The buyer was a private investor based in the southeast and the seller was a local real estate partnership.
“Goodwill properties continue to garner significant investor interest due to the higher yields these assets generate” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Re-tenanted assets will be in demand as these assets show the viability of specific location.”
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
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Address:3520 Lake Avenue Suite 203
Country: United States