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Marcus & Millichap Brokers Sale of Caliber Collision
Marcus & Millichap closed the sale of Caliber Collision, a 1.43-acre, net-leased property located in East Moline, Illinois. The asset sold for $2.67 million.
Jake Carter, Dan Yozwiak, and Darpan Patel, investment specialists in Marcus & Millichap’s Columbus and Tampa offices, had the exclusive listing to market the property on behalf of the seller, a private investor. Steven Weinstock, Illinois Broker of Record, assisted in closing the transaction.
Carter, the lead agent on the transaction, said “Demand for collision centers is high due to credit, yield, and necessity of services.” The property was upgraded with $400,000 in recent renovations including parking lot resurfacing, new HVAC, LED lighting, and the roof was re-coated in 2022. The asset is conveniently located along a main retail corridor and sees over 14,500 vehicles per day.
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