Marcus & Millichap brokered the sale of three net-lease properties in Tennessee.
The properties are:
- Caliber Collision – Madison, Tennessee, for $2,149 million
- Caliber Collision – Lebanon, Tennessee, for $2,199 million
- Caliber Collision – Mt. Juliet, Tennessee, for $3,098 million
Dominic Sulo, senior vice president investments, and Andrew Antoniou, senior associate, of Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listings to market the Tennessee properties on behalf of the seller, a Tennessee-based individual.
The buyer for the properties was secured and represented by Sulo and Antoniou. Jody McKibben, Tennessee broker of record, assisted in closing the transaction.
These deals were originally part of a larger portfolio including two additional locations in Brentwood, Tennessee and Bowling Green, Kentucky, which Sulo and Antoniou also sold for the same seller in November of 2022 for a combined $7.5 million.
Each of these properties have long-term leases in place, featuring corporate guarantees from Caliber Collision.
