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  • Sold
Caliber Collision - Jacksonville, Florida - #1
Caliber Collision - Jacksonville, Florida - #2

Sales Price: $3,817,145
Cap Rate: 6.55%
Guarantor: Corporate
Term Remaining: 14 years
Rate Increases: 10% x 5 years

Maybe you can have it all? Rick and Chris had high expectations for the exchange property out of their Triplex: Long term remaining, corporate guarantee, strong location, all without sacrificing yield. The deal sourced checked all their boxes with 14 years on term, guarantee from the largest and fastest growing collision repair tenant, located in an income tax-free state with impressive and growing demographics. This investment yielded a 6.55% cap rate, achieving the buyers’ cash flow target with a management free investment. For added assurance, NLX negotiated a six (6) month rent guarantee from Seller due to the COVID outbreak.

“Your consultative approach, thoughtful and informative interactions, proactive management of the process, willingness to take the necessary time, patience with our deliberations, and commitment to representing our best interests, all combined to make this journey a worthwhile experience.”  - Rick

  • 04/07/2020
  • Over 32K total square feet. Tenant paying rent below 50% of market. +190K population density projected to grow by 7% over the next 5 years with in a 5-mile radius. 6-month rent guarantee to buyer at close of escrow for added peace of mind.