REBusinessOnline

Boulder Group Arranges $1.3M Sale of Building Net Leased to PNC Bank

WASHINGTON, ILL. — The Boulder Group has arranged the $1.3 million sale of a building net leased to PNC Bank. The facility, located at 1996 Freedom Parkway in Washington just east of Peoria, is an outparcel to a Walmart Supercenter. The seller was a West Coast-based private investor, and the buyer was a Midwest-based 1031 exchange investor. PNC Bank’s lease expires in December 2028 and features 14 percent rental escalations every five years.

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‣ Bohler
‣ Lee & Associates
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‣ NAI Global
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‣ Walker & Dunlop

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