Caliber collision | santa maria

Address: 1213 S Blosser Rd, Santa Maria (Santa Barbara County), CA

Lot: 1.00 acre

Building: 12,133 square feet 

Walseth Investment Company is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 1.00 acre parcel with a 12,133 square foot retail location leased to Caliber Collision.

This  43,500+  square  foot  (1.00  acre)  property  with  over  12,000  square feet of well-maintained building space is leased to Caliber  Collision  on  a  NNN  basis.  A  NNN  lease  has  minimal  landlord  responsibilities, and is an ideal investment for the passive or out-of-state  investor.  Caliber  Collision  is  the  nation’s  #1  automobile  collision  repair  company  with  over  $4B  in  annual  revenue  (2022).  This  tenant  has  demonstrated  their  commitment  to  this  site  by  exercising  their  option  to  extend  the  lease  for  another  5  years  (extension starts June 1, 2023).  

Market rent  for  this  property  is  approximately  180%  higher  than  what Caliber Collision currently pays, providing a strong opportunity  for investment growth at lease expiration (all options expire on May  31, 2033). Caliber Collision currently pays $6.40 per square foot per  year, and market rate is approximately $10-12 per square foot per  year.  

This site is less than 1 mile from the Santa Maria Fairpark, which  hosts the  Santa  Barbara  County  Fair  (150,000  visitors/year)  and  the Strawberry Festival (60,000 visitors/year). Nearby retailers include Walmart Neighborhood Center, 7-Eleven, ARCO, United Rentals, and more.

The property in only two (2) miles from a major highway (Highway  101, 66,000 VPD), and sits at the intersection of S Blosser Rd and  W  Stow-ell  Rd  S. This intersection has  an  average  daily  traffic  volume  of  19,179  cars/day  (2022).  The property  is  less  than  11  miles  from  the ocean and is in Santa Barbara County, which has a population  of 447,562 and an average yearly household income of $121,372.  The  3-mile  trade  area  is  supported  by  a  population  of    96,266  residents,  38,918  employees,  and  has  an  average  annual  household income of  $76,794.