The Boulder Group completed the sale of a net-leased BMO Harris Bank building at 1425 Tower Ave. in Superior, Wisconsin, for $1.59 million.
The 4,566-square-foot property is located of Interstate 535, which connects Duluth to Minneapolis and central Wisconsin. Additionally, the property is ideally located at the hard corner of a signalized intersection.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is a Midwest-based investor. The buyer was a private investor in a 1031 exchange.
There are 13 years remaining on the BMO Harris lease. The lease also features three five-year renewal options.