IRS NATIONAL DISTRIBUTION CENTER SELLS FOR $16.3M

by admin

BLOOMINGTON, ILL. — The Boulder Group has arranged the $16.3 million sale of single-tenant General Services Administration (GSA) property at 1201 N. Mitsubishi Motorway in Bloomington. The 133,512-square-foot facility is fully occupied by the Internal Revenue Service and was developed in 2008. The IRS National Distribution Center serves customers of the IRS. The GSA consolidated three other national IRS distribution centers to the facility in 2008. The GSA has 11 years remaining on its lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a private partnership in Colorado. The buyer was self-represented and purchased the property to fullfill a 1031 tax-deferred exchange.

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