The Boulder Group, a net leased investment brokerage firm, has completed the sale of a new construction net lease Goodwill property located at 12897 US-90 in Luling, Louisiana for $2,130,000.<\/p>\n
The 10,501 square foot Goodwill net lease property is located along US-90 (28,080 VPD), a primary east-west thoroughfare that leads to New Orleans. The property is adjacent to Walmart Supercenter and near other retailers including McDonald\u2019s, Winn-Dixie, Walgreens, Wendy\u2019s, Popeyes, AutoZone and Capital One Bank. Additionally, the Goodwill is located near Lakewood Elementary School and Hahnville High School (1,466 students) which drives continual traffic to the trade corridor. There are 36,068 people living within five miles of the property with an average household income of $85,148.<\/p>\n
Jimmy Goodman and Randy Blankstein of The Boulder Group represented the buyer and seller in the transaction. The buyer was a local trade buyer and the seller was a Southeast based developer.<\/p>\n
Jimmy Goodman, Partner of The Boulder Group, added, \u201cNew construction properties continue to garner significant interest amongst private investors in 1031 exchanges.\u201d\u00a0\u00a0 \u201cInvestors seeking higher yields are trying to buy shorter term leased properties with quality real estate fundamentals\u201d said Randy Blankstein, President of The Boulder Group.<\/p>\n