Press Releases
Marcus & Millichap Brokers $5M Sale of Triple-Net-Leased Caliber Collision Property in Berkeley, California
October 13, 2026
BERKELEY, Calif., Oct. 13, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 17,104-square-foot, triple-net-leased Caliber Collision property in Berkeley, California. The property sold for $5 million, or $292.33 per square foot.
“This transaction provided the seller with a strong exit while offering the buyer a stable, income-producing asset with long-term upside in a challenging market,” said Teodor Vacev, director investments. “The property's below-market rent, long-term corporate-guaranteed lease and infill Bay Area location provide opportunities for both steady cash flow and future value appreciation.”
Vacev, in Marcus & Millichap's Palo Alto office, had the exclusive listing to market the property on behalf of the seller, a Bay Area-based private investor. Kirk Trammell and Josh Johnson, investment specialists also in the firm's Palo Alto office, represented the buyer.
Located at 3207 Shattuck Ave., the property is situated on a 0.40-acre parcel and is fully leased to Caliber Collision under a corporate-guaranteed, triple-net lease with approximately 10 years remaining. The lease includes 10 percent rental increases every five years. The property is located near the Ashby BART station and the University of California, Berkeley.
“This transaction provided the seller with a strong exit while offering the buyer a stable, income-producing asset with long-term upside in a challenging market,” said Teodor Vacev, director investments. “The property's below-market rent, long-term corporate-guaranteed lease and infill Bay Area location provide opportunities for both steady cash flow and future value appreciation.”
Vacev, in Marcus & Millichap's Palo Alto office, had the exclusive listing to market the property on behalf of the seller, a Bay Area-based private investor. Kirk Trammell and Josh Johnson, investment specialists also in the firm's Palo Alto office, represented the buyer.
Located at 3207 Shattuck Ave., the property is situated on a 0.40-acre parcel and is fully leased to Caliber Collision under a corporate-guaranteed, triple-net lease with approximately 10 years remaining. The lease includes 10 percent rental increases every five years. The property is located near the Ashby BART station and the University of California, Berkeley.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
