Marcus & Millichap has successfully facilitated the sale of Caliber Collision, a 1.43-acre net-leased property in East Moline, Illinois for $2.67 million.
The investment specialists at Marcus & Millichap’s Columbus and Tampa offices – Jake Carter, Dan Yozwiak, and Darpan Patel – exclusively marketed the property on behalf of a private investor. The transaction was closed with assistance from Steven Weinstock, Illinois Broker of Record.
According to lead agent Carter: “There is high demand for collision centers due to their creditworthiness as well as their essential services.” The property underwent recent upgrades totaling $400,000 including resurfacing of the parking lot and installation of new HVAC systems and LED lighting in 2022. Additionally,the roof was re-coated during this time period.The asset boasts a prime location along a major retail corridor with an average daily traffic count exceeding 14,500 vehicles.
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