Seller Exchanges into a NNN Caliber Collision

14-Unit Multifamily

Located in the highly desirable neighborhood of Uptown Whittier just blocks away from restaurants, shopping and entertainment, this 14-unit property includes ample onsite parking and an incredible penthouse suite.

13-Unit Multifamily

Located in Whittier, this 13-unit building offers ample onsite gated parking with over 20 parking spaces and an incredible unit mix of five 2 bedroom/1.5 bathroom units and eight 2 bedroom/1 bathroom units.
The Offering

Caliber Collision

Our client sold 27 units in the heart of Uptown Whittier to an all-cash buyer with a 7 day close for $6,350,000. Our client was seeking to reduce management and upkeep responsibil-ities for these properties while still maintaining profitable cashflow. We were able to identify multiple 1031 Exchange properties and secured this Caliber Collision in a desirable Fort Worth/Dallas MSA submarket. The transaction was a debt free all-cash purchase for $6,085,000. We were able to negotiate $282,061 off the original list price. This property is a brand new 2019 constructed state-of-the-art building with a very strong corporate NNN tenant with a 15 year base lease term with options to extend and rental increases every 5 years. Caliber Collision is the leading collision repair chain in the nation and corporately guarantees lease payments are backed by nearly $6 billion worth of assets. Our client now nets over $30,000/month passive, reliable cashflow with zero landlord responsibility.
Transaction Highlights
  • Located in a high net worth submarket of Texas 2019 constructed state-of-the-art building
  • Buyer now netting over $30,000 a year
  • 15-year corporate lease with 10% increases every 5 years
  • Zero management responsibilities