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The Boulder Group Arranges Sale of Auto Repair Shop in MI
The Boulder Group, a net-leased investment brokerage firm, completed the sale of a single-tenant net-leased Caliber Collision property located at 1005 Corporate Drive in Mount Pleasant, Michigan, for $3,473,377.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction. The buyer is an Iowa corporation, and the seller is a Delaware limited liability company. Caliber Collision has a 15-year, corporately guaranteed lease with zero landlord responsibilities and a transferrable roof warranty. This property features a newly renovated 15,800-square-foot automotive building situated on 2.11 acres.
The property is strategically positioned on Corporate Drive, directly across the street from a Meijer grocery store. It is situated just 2 miles north of Central Michigan University, which enrolls nearly 15,000 students. “Caliber’s leading position within the collision sector attracted the buyer,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “This location benefits from strong demographics and its proximity to a major public university.”
