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Auto Service - Gas-Conv

Caliber Collision Center | San Diego Midway District | Irreplaceable Coastal Real Estate

3650 Hancock St, San Diego, CA 92110

Listing Price: $4,554,166

Cap Rate
4.75%
Tenant Name
Caliber Collision
Years Remaining On Lease
7.6
Gross SF
12,560
Guarantor
Corporate Guarantee
Rentable SF
12,560
Price/Gross SF
$362.59
Lease Type
Double Net
Rent Per Square Feet
$17.24

Investment Overview

California’s second largest city and the United States’ eighth largest, San Diego boasts a citywide population of nearly 1.3 million residents and more than 3 million residents countywide. Within its borders of 4,200 sq. miles, San Diego County encompasses 18 incorporated cities and numerous other charming neighborhoods and communities. Named “America’s Finest City,” the City of San Diego is best known for its ideal climate, beautiful beaches, and array of world-class family attractions including San Diego Safari Park, San Diego Zoo, Sea World San Diego, LEGOLAND and many more. The City is considered one of the top five leisure vacation destinations in the U.S. and a top 10 business destination. The City is known for its mild year-round climate, natural deep-water harbor, extensive beaches, long association with the United States Navy, and recent emergence as a healthcare and biotechnology development center. The largest sectors of San Diego’s economy are defense/military, tourism, international trade, and research/manufacturing. San Diego was designated by a Forbes columnist as the best city in the country to launch a small business or startup company.

Investment Highlights

  • Corporate Net Lease Featuring Favorable 2% Annual Rental Increases Throughout the Initial Term and Option.
  • Caliber Collision Recently Merged with ABRA creating a Leading Collision Repair Chain of more than 1,235 Locations in 39 States.
  • Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
  • Located within the busy Midway District - The Key Gateway Area that connects the Beach, Old Town, Downtown, and the Peninsula. Undergoing Extensive Revitalization, it is a Leading Commercial Center with Retail Opportunities of all Types.
  • Great Irreplaceable Real Estate - The Location is in one of San Diego County's Most Recognized Real Estate Markets due in Part to its Central Location, Size, and Traditional Industrial Characteristics.
  • Densely Populated and Affluent Area: Features an Average Household Income of $111k+ within a 3-Mile Radius and over 386k People Residing within a 5-Mile Radius.
  • Adjacent to Pechanga Arena - An Indoor Arena and home to Numerous San Diego Sports Teams. It also hosts Concerts, Touring shows such as Ice shows & Circuses. One of the Largest Swap Meets on the West Coast takes place in the Parking Lot each Week.
  • Surrounded by Industrial, Light Manufacturing Plants and Centers. The Site is Situated in the North Side of Midway District - The Area is Primarily Commercial and Industrial. Near Numerous Retailers & Shopping Centers including Sports Arena Shopping Center, Rosecrans Shopping Center, Point Loma Plaza, Midway Towne Center, Loma Square and more.

Exclusively Listed By

Auto Service - Gas-Conv

Caliber Collision Center | San Diego Midway District | Irreplaceable Coastal Real Estate

Listing Price: $4,554,166

Cap Rate
4.75%
Tenant Name
Caliber Collision
Years Remaining On Lease
7.6
Gross SF
12,560
Guarantor
Corporate Guarantee
Rentable SF
12,560
Price/Gross SF
$362.59
Lease Type
Double Net
Rent Per Square Feet
$17.24

Investment Highlights

  • Corporate Net Lease Featuring Favorable 2% Annual Rental Increases Throughout the Initial Term and Option.
  • Caliber Collision Recently Merged with ABRA creating a Leading Collision Repair Chain of more than 1,235 Locations in 39 States.
  • Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
  • Located within the busy Midway District - The Key Gateway Area that connects the Beach, Old Town, Downtown, and the Peninsula. Undergoing Extensive Revitalization, it is a Leading Commercial Center with Retail Opportunities of all Types.
  • Great Irreplaceable Real Estate - The Location is in one of San Diego County's Most Recognized Real Estate Markets due in Part to its Central Location, Size, and Traditional Industrial Characteristics.
  • Densely Populated and Affluent Area: Features an Average Household Income of $111k+ within a 3-Mile Radius and over 386k People Residing within a 5-Mile Radius.
  • Adjacent to Pechanga Arena - An Indoor Arena and home to Numerous San Diego Sports Teams. It also hosts Concerts, Touring shows such as Ice shows & Circuses. One of the Largest Swap Meets on the West Coast takes place in the Parking Lot each Week.
  • Surrounded by Industrial, Light Manufacturing Plants and Centers. The Site is Situated in the North Side of Midway District - The Area is Primarily Commercial and Industrial. Near Numerous Retailers & Shopping Centers including Sports Arena Shopping Center, Rosecrans Shopping Center, Point Loma Plaza, Midway Towne Center, Loma Square and more.

Investment Overview

California’s second largest city and the United States’ eighth largest, San Diego boasts a citywide population of nearly 1.3 million residents and more than 3 million residents countywide. Within its borders of 4,200 sq. miles, San Diego County encompasses 18 incorporated cities and numerous other charming neighborhoods and communities. Named “America’s Finest City,” the City of San Diego is best known for its ideal climate, beautiful beaches, and array of world-class family attractions including San Diego Safari Park, San Diego Zoo, Sea World San Diego, LEGOLAND and many more. The City is considered one of the top five leisure vacation destinations in the U.S. and a top 10 business destination. The City is known for its mild year-round climate, natural deep-water harbor, extensive beaches, long association with the United States Navy, and recent emergence as a healthcare and biotechnology development center. The largest sectors of San Diego’s economy are defense/military, tourism, international trade, and research/manufacturing. San Diego was designated by a Forbes columnist as the best city in the country to launch a small business or startup company.

Exclusively Listed By

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