The Boulder Group, a net leased investment brokerage firm completed the sale of two single tenant net leased Caliber Collision properties located in Colorado and Oklahoma for approximately $3,800,000.<\/p>\n
Both net leased Caliber Collision properties are located in top 50 MSA\u2019s and well positioned in industrial corridors along busy thoroughfares.<\/p>\n
The seller was a west coast based investment group and the buyer was also a west coast based investment group.<\/p>\n
Caliber Collision has less than 10 years remaining on the primary lease term at both locations. Founded in 1997, Caliber Collision is the nation\u2019s largest collision repair company. Today they operate over 1,100 repair centers across the United States. Caliber Collision is consistently ranked among the highest customer satisfaction scores in the industry, which is tied to the lifetime warranty they offer on all work.<\/p>\n
\u201cNet leases to e-commerce resistant tenants like Caliber Collision continue to garner significant investor interest\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 Jimmy Goodman, Partner of The Boulder Group, added, \u201cSingle tenant investment properties located in top 50 MSAs like Denver and Oklahoma City continue to be popular amongst investors.\u201d<\/p>\n