Boulder Group Brokers Retail Property Sale
ByThe Boulder Group closed on a $2.5 million retail property sale in Niles, Ill. The company represented both the seller, a Midwest-based investor, and the buyer, a private individual.
The 13,122-square-foot property is located at 9207 N. Milwaukee Ave. and fully leased by MobilityWorks, a provider of wheelchair accessible vans. The company recently renewed its agreement for the next 12 years. The net lease features a rental escalation in the eighth lease year and in each of the two five-year renewal option periods.
“The market for net lease properties in top MSAs remains active as these assets are in high demand among investors,” Randy Blankstein, president of The Boulder Group, said in prepared remarks. “While single tenant properties are selling in all types of locations, core markets, like Chicagoland, are at the forefront of investor demand,” added Jimmy Goodman, a partner with the company…
