The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant\u00a0 net lease Caliber Collision located at 2199 N Telshor Boulevard, Las Cruces, New Mexico for $4,213,642.<\/p>\n
The 13,275 square foot net lease Caliber Collision property is positioned just off the Interstate 25 (42,000 VPD) and US 70 Interchange (45,700 VPD). Retailers found throughout the highly traveled corridor include Lowe\u2019s Home Improvement, Ashley HomeStore, Sam\u2019s Club, Kohl\u2019s, Walgreens, Sportsmans Warehouse, and many other nationally recognized tenants. There are 122,526 people living within five miles of the property earning an average annual household income of $58,006.\u00a0 Las Cruces is the second largest city in the U.S. state of New Mexico and is also the economic and geographic center of the Mesilla Valley, the agricultural region on the floodplain of the Rio Grande.<\/p>\n
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a southwest based real estate firm.\u00a0 The buyer was in a 1031 tax exchange.<\/p>\n
Caliber Collision is the nation\u2019s largest collision repair company with more than 1,100 convenient repair centers throughout 37 states after the merger with ABRA Auto Body Repair, completed in Feb. 2019.<\/p>\n
\u201cBuyers are utilizing the 1031 tax exchange to their benefit, looking for high quality tenants with strong guaranties\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 Jimmy Goodman, Partner of The Boulder Group, added, \u201cWe received multiple offers from buyers who are focused on investing in the auto sector.\u201d<\/p>\n