Blue West Capital Arranges Sale of Caliber Collision in Colorado Springs, CO

Colorado Springs, CO – [September 1, 2021] – Blue West Capital has completed the sale of a single tenant Caliber Collision located at 720 Garden of the Gods Road in Colorado Springs, CO for $5,654,519. Blue West Capital was able to procure an all-cash 1031 exchange buyer based in California. Tom Ethington, of Blue West Capital, represented the Colorado-based seller in the transaction.

The 25,000 SF Caliber Collision is corporately guaranteed and recently exercised a long-term lease extension, creating maximum value for the Seller. Following a merger with ABRA, Caliber Collision operates more than 1,200 locations in 40 states and is a leading repair chain that has generated interest among investors. Blue West Capital was able to generate multiple offers within the initial stages of marketing and procured a closing cap rate representing an all-time low in Colorado Springs, CO for a single-tenant collision repair center.

“The pandemic has shifted net lease investor preferences towards ecommerce & pandemic resistant tenants; collision centers are a great example of this category. Colorado Springs, CO population grew by 9.5%, more than double the national growth rate between 2010 and 2016. We are seeing more and more investor interest in the Colorado Springs market.” Said Tom Ethington.

About Blue West Capital

Blue West Capital is a net lease real estate investment advisory firm focused on the acquisition and disposition of single-tenant net leased properties, retail shopping centers, and commercial investment properties nationwide. We are a team of commercial real estate experts committed to helping our clients achieve their investment goals through a combination of exceptional client communication, professional collaboration, and individual experience. 

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Krissy Simmons
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