The Boulder Group Arranges Sale of Net Leased Orscheln Property

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a private investment firm based in Omaha
 
Jan. 3, 2013 - PRLog -- The Boulder Group, a net leased investment brokerage firm specializing in single tenant assets, has completed the sale of a net leased Orscheln Farm & Home property located at 718 4th Street in Gothenburg, Nebraska for $1,450,000.

The 22,960 square foot property was built in 2008 and is located in Gothenburg, Nebraska. The property is positioned at the corner of East 4th Street and Highway 47. Highway 47 is the primary thoroughfare in the area and has a full access interchange with Interstate 80 one-half mile away from the property. The property benefits from the strong agricultural economy in Gothenburg. Farming and ranching accounts for the majority of the economy in Gothenburg and the farming community accounts for 25% of the total alfalfa production in the total United States. The property is leased to Orscheln Farm & Home on a net lease basis with approximately sixteen years of lease term remaining. The lease features 10% rental escalations every five years. Orscheln Farm & Home has 156 locations across the United States and supplies agricultural goods for farm, home, ranch and suburban customers.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a private investment firm based in Omaha.   The buyer was an Omaha based 1031 exchange investor.

“The market for net leased properties with long term leases remain in high demand among private investors.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “While the majority of single tenant investment activity is focused on core markets, we are starting to see some opportunistic investors pursue second and third tier markets in order to achieve higher yields.”



About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in 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 more than $1.4 billion of net lease real estate transactions through several real estate cycles. The Boulder Group is headquartered in suburban Chicago. The company’s website address is www.bouldergroup.com
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