What's Happening?
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single-tenant industrial property in Plymouth, Indiana, leased to Renewal by Andersen. The property, sold for $4.2 million, is strategically located off US Highway 30, providing high visibility and accessibility. It is surrounded by major tenants and serves as a key distribution hub for Renewal by Andersen, a leading window and door replacement company. The sale was part of a 1031-exchange, with the seller being a Midwest-based developer and the buyer a private investor.
Why It's Important?
This transaction highlights the ongoing demand for industrial properties, particularly those with strategic locations and strong tenant profiles. The sale underscores the attractiveness of net
leased properties as stable investment opportunities, offering predictable income streams. For Renewal by Andersen, the property's location enhances its distribution capabilities in the region, supporting its growth and operational efficiency. The deal also reflects broader trends in the real estate market, where investors are increasingly seeking assets with reliable tenants in well-positioned areas.
