The Boulder Group has completed the sale of a single tenant Caliber Collision property located at 5050 East Smith Road in Denver, CO for $5,850,000. The Boulder Group’s Zach Wright and Brandon Wright exclusively represented the seller in the transaction. The seller was a West Coast-based partnership and the purchaser was a California-based real estate investment company in a 1031 exchange. This was the second Caliber Collision property sold by Zach Wright & Brandon Wright in Denver in the past 6 months.

The Caliber Collision property is in the Park Hill neighborhood and in Denver’s highly desired Quebec Street Submarket. It’s one of the city’s original industrial corridors with approximately 12 million square feet of industrial property. The surrounding area is extremely affluent and is densely populated with average annual household income of $159,000 and approximately 120,000 people living within three miles.

The Caliber Collision property was built in 2019 and features a long-term absolute triple net lease. The Caliber Collision building is 16,969 SF and situated on a large 2.12-acre parcel. Caliber Collision is the largest collision repair company in the U.S. with over 1,800 locations across 41 states.

“Well-located STNL assets throughout the Denver MSA remain highly sought after by 1031 exchange investors and continue to command aggressive pricing. This Caliber Collision generated significant investor interest, resulting in numerous qualified offers and a highly competitive sale process,” stated Zach Wright, Vice President.

“Net lease auto service and collision repair properties continue to garner significant investor interest, driven by the service-based and e-commerce-resistant nature of the use, long-term operating histories at many locations, and attractive depreciation benefits. Investors are increasingly drawn to these assets for this combination of durable real estate fundamentals, established tenant operations, and favorable tax characteristics,” added Brandon Wright, Associate.

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 $9 billion of single tenant net lease real estate transactions. From 2013-2023, 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 and has an office in Denver.

For additional information, please visit www.BoulderGroup.com

PR Contact

Zach Wright 720-604-2220

Zach@BoulderGroup.com

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