121 Pierce St - Auto Repair FOR SALE
Gilroy, CA 95020 |
$2,772,114 USD
925-719-9649
121 Pierce St
Gilroy, CA 95020
HIGHLIGHTS
- Market Leader: America’s largest collision repair company with 1,700+ locations in over 40 states, employing 25,000 people.
- Corporate Guarantee: Lease guaranteed by Caliber Bodyworks LLC.
- Proven Location: Longstanding and proven site with performance across multiple economic cycles and a demonstrated long-term tenant commitment.
- Strategic Location: Situated in a major automotive corridor, ensuring a steady flow of business.
- Lease Extension: Recently extended lease by 5 years to 2030, with two additional 5-year option periods.
- Annual Increases: Rental increases tied to CPI, capped at 6.5%.
FOR SALE DETAILS
PRICE
$2,772,114 USD
PRICE/SF
$303 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Caliber Collision
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1969
SPRINKLERS
-
PARKING SPACES
100
LAND DETAILS
LAND ACRES
0.97 AC
LAND SF
42,253 SF
ZONING
CM, Gilroy
APN/PARCEL ID
790-27-007
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925-719-9649
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925-719-9649
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