The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant United Refrigeration located at 281 Executive Park Drive Northeast in Concord, North Carolina for $3,000,000.
Situated along Concord Lake Road, the 13,753 square-foot building is strategically located with a daily traffic flow of 18,000 vehicles. Furthermore, the property is adjacent to Interstate 85, a major thoroughfare connecting Charlotte to Greensboro, with a substantial traffic volume of 76,000 vehicles daily. Neighboring industrial tenants include Airgas, Excalibur Wheels, BMS CAT, and Ike’s Construction. The area also boasts a mix of vibrant retail and medical centers, including Carolina Mall, Northlite Center, Atrium Health Cabarrus (457-Bed), and CloverLeaf Plaza. Noteworthy tenants, such as Walmart, Sam’s Club, Lowe’s, and The Home Depot contribute to the area’s commercial appeal. The neighboring communities consist of over 104,000 residents within a five-mile radius, with an average household income exceeding $84,800.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was a regional real estate investment partnership and the buyer was a real estate investor based in Florida.
With over 70 years of experience, United Refrigeration Inc. has evolved into one of the foremost distributors of refrigeration, air conditioning, and heating parts and equipment in North America.
“The tenant has been in business for over years which embraced the buyer’s confidence” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, “Single tenant industrial assets in emerging markets are well sought after investments by the private market.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant 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 over $9 billion of single tenant net lease real estate transactions. From 2013-2023, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
More info: www.bouldergroup.com
Media Contact
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Phone: 8478816388
Address:3520 Lake Avenue Suite 203
City: Wilmette
State: Illinois
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html
