Heartland properties acquired via 1031 exchanges

The Boulder Group recently announced the completion of three sales totaling 38,077 square feet in Texas and Ohio.

The total value of the transactions was $12.8 million.

In Cedar Park, Texas, a $5 million sale was consummated for a 14,490-square-foot, single-tenant net lease on which Walgreen's holds a 25-year triple net lease.

In Leander, Texas, a $4.6 million sale was consummated for a 14,490-square-foot, single-tenant net lease on which Walgreen's also holds a 25-year triple net lease.

A Miami investor purchased both properties as part of 1031 exchanges arising from the sale of apartment buildings.

In Defiance, Ohio, a $3.2 million sale was consummated for a 19,097-square-foot, single-tenant net lease on which Tractor Supply holds a 15-year triple net lease. A Los Angeles investor purchased the property as part of a 1031 exchange.

The Boulder Group, based in Northbrook, Ill., is an investment real estate firm providing a full range of brokerage, advisory and financing services nationwide.

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