PHOENIX, ARIZ. (Jan. 11, 2022) – Executive Vice President Mark Wilcke, a top producer with NAI Horizon specializing in industrial and land sales and leasing, represented both the buyer and the seller in the $3.5 million disposition of Gerber Collision & Glass in Mesa, Arizona.
The sale of the asset at 1015 W. Broadway Road sale closed on Dec. 29, 2021. The property totals 20,717 SF of buildings on 3.24 acres. It is one of several automotive properties Wilcke sold in 2021.
“The demand for automotive space for leasing, purchase, and investment has been incredible for the past 24 months,” Wilcke said. “There is little to no vacancy for automotive properties in the Southeast Valley and the need to build more space is compelling.”
The property was sold as an investment deal with Kingswood Collision, Inc. dba Gerber Collision & Glass as the tenant. Gerber has been the single tenant at this location since 2000.
The buyer was Lebbea, LLC, of Tustin, California. The seller was Baum & Pell Company, an Arizona corporation, of Gilbert, Arizona.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a gross revenue of $1.5 billion.
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