Marcus & Millichap closed the sale of a Caliber Collision location in St. Cloud, Minnesota.
The property sold for $2.04 million. The firm’s capital markets subsidiary, Marcus & Millichap Capital Corporation, arranged acquisition financing.
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, Jeff Kraus Properties LLC.
Mitch Grant and Nicholas Kanich, investment specialists in the firm’s Chicago Downtown office, procured the buyer, ARB Investments LLC. Jon Ruzicka, Broker of Record in Minnesota, assisted in closing the transaction. Dean Giannakopoulos, senior managing director in MMCCs Chicago Downtown office, secured the financing.
Caliber Collision, located at 9785 County Road 6, currently has over eight years remaining on a double net lease with two five-year renewal options. Since 2020, the property has undergone extensive improvements, including HVAC replacement and parking lot resurfacing. The asset benefits from visibility along MN-23 and County Road 6, with daily traffic counts exceeding 15,880 vehicles per day.
