Block & Company, Inc., Realtors recently sold a Guitar Center in Independence, Mo., to a private 1031 Exchange buyer at a 7.2 percent CAP rate. The 15,418 square-foot building is located at 3911 Bolger Road on the northwest quadrant of I-70 and 291 Highway in Independence.
This freestanding building sits at the only entrance drive to Walmart Supercenter, Petsmart and Sam’s Club, and is across the street from Independence Center Mall, Bass Pro Shop, Target, Macy’s, Sears, Costco, Lowe’s, Dillards, JC Penney, Dick’s Sporting Goods and many others.
David M. Block, Max Kosoglad and John Cobb of Block & Company, Inc., Realtors negotiated this sale transaction.
