
Boulder Group Closes Sale of Wrigleyville Bank Branch
The Boulder Group completed the sale of a net-leased PNC Bank at 3556 N. Ashland Ave. in the North Side’s Wrigleyville neighborhood. The 2,500-square-foot bank branch sold for $6,200,000.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented both parties in the sale. The seller was a local real estate investor and the buyer was in a 1031 exchange.
“Bank properties with strong deposit histories continue to garner significant investor interest” said Blankstein, president of The Boulder Group.
Added Goodman, partner of The Boulder Group, added, “Net lease investors continue to be attracted to single tenant properties in core urban areas.”
The property is located on the west side of Wrigleyville in the middle of multiple shopping centers while being one mile from Wrigley Field. The lease has 14 years remaining.
- ◦Sale/Acquisition