Marcus & Millichap brokered the sale of Classic Collision, a net-leased auto service property located in San Antonio, Texas. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, arranged the acquisition financing.
Dominic Sulo, investment specialist in Marcus & Millichap’s Chicago Oak Brook office, in association with Tim Speck, Marcus & Millichap’s Texas broker of record, procured the Minnesota-based buyer completing a 1031 exchange. Dean Giannakopoulos, senior managing director, also based in the firm’s Chicago Oak Brook office, secured the financing with a national lender on behalf of the buyer. The loan features a 5-year term, 6.04% interest rate, and a 30-year amortization period.
Located at 9809 Fredericksburg Rd., the 23,560-square-foot property sits on 1.97 acres. Built in 1981, the property is occupied by Classic Collision, a leading automotive collision repair operator.
