Colorado Springs, CO – [September 1, 2021] – Blue West Capital has completed the sale of a single tenant Caliber Collision located at 720 Garden of the Gods Road in Colorado Springs, CO for $5,654,519. Blue West Capital was able to procure an all-cash 1031 exchange buyer based in California. Tom Ethington, of Blue West Capital, represented the Colorado-based seller in the transaction.
The 25,000 SF Caliber Collision is corporately guaranteed and recently exercised a long-term lease extension, creating maximum value for the Seller. Following a merger with ABRA, Caliber Collision operates more than 1,200 locations in 40 states and is a leading repair chain that has generated interest among investors. Blue West Capital was able to generate multiple offers within the initial stages of marketing and procured a closing cap rate representing an all-time low in Colorado Springs, CO for a single-tenant collision repair center.
“The pandemic has shifted net lease investor preferences towards ecommerce & pandemic resistant tenants; collision centers are a great example of this category. Colorado Springs, CO population grew by 9.5%, more than double the national growth rate between 2010 and 2016. We are seeing more and more investor interest in the Colorado Springs market.” Said Tom Ethington.
About Blue West Capital
Headquartered in Denver, Blue West Capital focuses exclusively on the acquisition and disposition of retail shopping centers and commercial investment properties in the Rocky Mountain Region, and single-tenant net-leased properties nationwide. We do this by leveraging our 45+ years of combined commercial real estate experience with our proprietary marketing process to deliver the highest value and results to our broad client base of developers, private capital investors, high-net-worth individuals, and investment funds. For additional information, please visit www.BlueWestCapital.com.
PR Contact
Melanie Williford
(720) 989-1031
mel@bluewestcapital.com
