PHOENIX, ARIZONA – Executive Vice President Mark Wilcke, a top producer with NAI Horizon specializing in industrial and land sales and leasing, represented both the buyer and the seller in the $3.5 million disposition of Gerber Collision & Glass in Mesa, Arizona.
The sale of the asset at 1015 W. Broadway Road sale closed on Dec. 29, 2021. The property totals 20,717 SF of buildings on 3.24 acres. It is one of several automotive properties Wilcke sold in 2021.
“The demand for automotive space for leasing, purchase and investment has been incredible for the past 24 months,” Wilcke said. “There is little to no vacancy for automotive properties in the Southeast Valley and the need to build more space is compelling.”
The property was sold as an investment deal with Kingswood Collision, Inc. dba Gerber Collision & Glass as the tenant. Gerber has been the single tenant at this location since 2000.
The buyer was Lebbea, LLC, of Tustin, California. The seller was Baum & Pell Company, an Arizona corporation, of Gilbert, Arizona.