The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Caliber Collision located at 2199 N Telshor Boulevard, Las Cruces, New Mexico for $4,213,642.
The 13,275 square foot 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’s Home Improvement, Ashley HomeStore, Sam’s Club, Kohl’s, 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. 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.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a southwest based real estate firm. The buyer was in a 1031 tax exchange.
Caliber Collision is the nation’s 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.
“Buyers are utilizing the 1031 tax exchange to their benefit, looking for high quality tenants with strong guaranties” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “We received multiple offers from buyers who are focused on investing in the auto sector.”
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 $6 billion of single tenant net lease real estate transactions. From 2012-2020, 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. www.bouldergroup.com
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Address:3520 Lake Avenue Suite 203
Country: United States