The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Integrated Healthcare Systems property located at 9211 E 21st St North in Wichita, Kansas for $8,100,000.
The 30,472 square foot property is located at the corner of a signalized intersection along East 21st Street North, a primary east-west thoroughfare. The property is located in a premier medical and retail corridor with Target, Cabela’s, Walgreens, Fresenius, Whole Foods, Dick’s Sporting Goods and numerous medical offices and hospitals. There are approximately 50,000 people living within three miles of the property with an average household income of $104,890. Wichita is the largest city in Kansas and the principal city of the Wichita metropolitan area which had an estimated population of 644,888 in 2018. The city has become a dominant a U.S. aircraft production hub known as "The Air Capital of the World." Textron Aviation, Learjet, Airbus, and Spirit AeroSystems continue to operate design and manufacturing facilities in Wichita, and the city remains a major center of the American aircraft industry. Wichita is also home to McConnell Air Force Base, and Wichita Dwight D. Eisenhower National Airport, the largest airport in Kansas.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was a Midwest based real estate development company and the buyer was a real estate investment trust.
Ascension, has a rich history of serving the people of Kansas and the surrounding region dating back more than 100 years to the healing ministries of the founding congregations. Today, Ascension Via Christi is the largest provider of healthcare services in Kansas. They serve Kansas and northeast Oklahoma through their doctors, hospitals, senior villages and health services. Integrated Healthcare Systems, Inc. is a wholly owned subsidiary of Ascension which is Moody’s rated Aa2 (investment grade).
“Healthcare related properties featuring long term leases continue to be highly sought after amongst the investor community,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “We are seeing many investors turn their attention toward medical properties as they are highly resistant to e-commerce.”
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 $5 billion of single tenant net lease real estate transactions. From 2012-2018, 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.
For more information, visit: www.bouldergroup.com
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Address:3520 Lake Avenue Suite 203
Country: United States