Triple Net Walgreens Sold In Northbrook, IL
Triple Net Walgreens Sold In Northbrook, IL
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreen's property located in Northbrook, Illinois for $9,928,000. The 14,500 square foot building is fully leased on a long term basis to Walgreen's.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Chicago based development partnership. The purchaser was a private investor based in San Francisco.
"This is a showcase Walgreens property that is located in one of the Chicago's most affluent suburbs within three miles from Walgreen's Corporate Headquarters. Accordingly, multiple investors made offers while the property was marketed for sale." said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group added, "This was one of the highest absolute priced Walgreen's properties sold in 2010 and demonstrates the desirability of core single tenant properties in the present investment environment"
About The Boulder Group
The Boulder Group is a boutique investment real estate servicefirm specializing innet 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 participated in theacquisition and disposition of more than $1.2 billion of net lease real estate transactions through several real estate cycles. The Boulder Groupis headquartered in suburban Chicago.More information on the firm can be found on the internet at the net leased firms website www.bouldergroup.com
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