SVN Denver Commercial Announces Sale of Two Caliber Collision Retail Properties
SVN | Denver Commercial, one of Colorado’s top producing real estate investment brokerage firms, recently announced the sale of two single tenant Caliber Collision retail properties. Caliber is the largest collision operator in the U.S.
The first in Loveland, a 16,900-square-foot retail property, sold for $6,241,652. The site was a build to suit for Caliber Collision and was on a long term absolute NNN lease. The subject property was located along U.S. Hwy 287, which is the main thoroughfare in the town.
“This Caliber Collision location closed at the lowest CAP rate for a Caliber Collision sold outside of California to date. This was also the highest price point for a Caliber Collision ever sold in Colorado. The buyer, out of northern California, was in a 1031 exchange” said Kevin Matthews.
SVN also sold 7005 W. 116th St. in Broomfield. The 15,335-square-foot retail space was sold for $4,020,513. The subject property was repurposed for Caliber Collision.
Kevin Matthews and Troy Meyer with SVN Denver/Commercial represented the seller, Drake Collision Partners Three, LLC in both transactions. Tom Fazekas with Roessler Investments Group represented the buyer.
The Meyer/Matthews team specializes in the sale of retail, office, and medical properties throughout the Front Range and single tenant net lease nationwide. With more than 30 years of combined experience, they have secured numerous transactions valued at more than $900 million.