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**Marcus & Millichap Arranges Sale of Net-Leased Caliber Collision Property in Indiana for $3.78M**
Marcus & Millichap has successfully brokered the sale of a net-leased Caliber Collision property located in Greenwood, Indiana. The transaction closed at $3.78 million.
The property, an auto-repair center spanning 33,511 square feet, is situated at 155 Melody Avenue. Caliber Collision operates under a double-net lease at the location, with more than three years remaining on the lease term.
“Investor interest remains strong for well-located, net-leased retail assets, particularly in growing suburban markets like Greenwood,” said Mitch Grant, Associate Director of Investments, and Nicholas Kanich, Managing Director of Investments at Marcus & Millichap. “We’re seeing encouraging signs of improvement across the market, and this sale reflects the continued demand for stable, income-producing properties.”
Grant and Kanich, investment specialists from the firm’s Chicago Downtown office, teamed up with Josh Caruana, Marcus & Millichap’s broker of record in Indiana, to exclusively market the property on behalf of the Indiana-based seller. The Illinois-based buyer was sourced by a team including Dominic Sulo, Ryan Engle, and Andrean Angelov from the firm’s Chicago Oak Brook office.
This sale underscores the ongoing demand for creditworthy, net-leased retail properties, especially in expanding suburban areas.
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