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.<\/p>\n
The 15,000 square foot single tenant net leased 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 ten year year lease features a 10% rental escalation in year 6. The property also has a brand new roof with a 20 year warranty.<\/p>\n
Randy Blankstein and Jimmy Goodman of The Boulder Group represented both the buyer and seller in the transaction.\u00a0 The buyer was a private investor based in the southeast and the seller was a local real estate partnership.<\/p>\n
\u201cGoodwill properties continue to garner significant investor interest due to the higher yields these assets generate,\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 Jimmy Goodman, Partner of The Boulder Group, added, \u201cRe-tenanted assets will be in demand as these assets show the viability of specific location.\u201d<\/p>\n