Press release – 5486 N. Garfield Ave., Loveland, CO 80538
Loveland, Colorado 5/3/2019 SVN | Denver Commercial, one of Colorado’s top producing real estate investment brokerage firms, is pleased to announce the sale of single tenant Caliber Collision in Loveland. The 16,900 sq. ft. retail property was 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 US Hwy 287, which is the main thoroughfare in the town of Loveland.
“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.
Kevin Matthews and Troy Meyer with SVN Denver/Commercial represented the seller Drake Collision Partners One, LLC. Tom Fazekas with Roessler Investment 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.
About SVN
The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. SVN | Denver Commercial is an independently owned and operated SVN® office.
Contact:
Kevin Matthews
303.974.5893
Troy Meyer
303.974.5737
