June 19, 2020
Marcus & Millichap finalized the sale of the Caliber Collision Headquarters, a two-story, 80,038-square-foot Class A office complex in Lewisville. Deal terms weren’t disclosed.
“This is a legacy site surrounded by other notable company headquarters in a northern Dallas/Fort Worth submarket,” said Alvin Mansour, executive managing director investments, The Mansour Group of Marcus & Millichap.
“Caliber Collision, the nation’s largest and leading auto collision repair operator, is on a long-term absolute net lease. Again, we see quality net-leased investments weathering recent turbulence in the market.”
Alvin Mansour and Kevin Mansour represented the seller and procured the buyer, who completed a 1031 exchange with the sale of a multifamily property in Southern California.
Built in 2006 on a 5.8-acre lot and renovated by Caliber Collision in 2018, the property is less than 25 miles north of downtown Dallas, nearby other major corporate headquarters including AT&T, American Airlines, GameStop and Southwest Airlines.
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