The Boulder Group, a net leased investment brokerage firm, completed the sale of the single tenant Divert, Inc. industrial property located at 3760 Kimwell Drive in Winston-Salem, North Carolina for $4,600,000.
Divert, Inc. is located within Stratford Industrial Park. The 57,500 square-foot benefits from its proximity to Stratford Road (34,500 vehicles per day). The property is positioned within 2 miles of Interstate 40 (128,000 vehicles per day), providing convenient access to Greensboro and The Research Triangle.
Neighboring industrial tenants include South Atlantic Packaging, Labcorp, ExtraSpace Storage, Hanes Brands Inc, HP Fabrics, Collins Aerospace, and JDL Fast Track. The population is 132,230 within a 5-mile radius, with an average household income of $98,660.
Divert, Inc. has over 4 years of lease term remaining with 3.75% annual rental escalations. There is one renewal option at Fair Market Value.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is a real estate investment partnership based in North Carolina and the buyer is a real estate investor based in North Carolina.
Divert, Inc. is a food waste management company that creates advanced technologies and sustainable infrastructure to eliminate wasted food. The company works with 5 Fortune 100 companies and nearly 5,400 retail stores across the United States.
“Enticing property attributes include below market rent, a new roof, 6 dock doors, a 4-acre parcel, custom tenant improvements, and strong demographics” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, “Single tenant industrial assets in desirable states like North Carolina remain attractive investments.”
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
