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121 Pierce St
Gilroy, CA 95020

$2,772,114 USD

Auto Repair For Sale  •  9,145 SF

Property Details

• Property Type Auto Repair
• Total Building Size 9,145 SF
• Lot Size 0.97 AC
• Building Class C
• Year Built 1969
• Cap Rate 5.25 %
• Tenancy Single
• Zoning CM, Gilroy

0 Transit Score

56 Walk Score

Highlights

Market Leader: America’s largest collision repair company with 1,700+ locations in over 40 states, employing 25,000 people.

Corporate Guarantee: Lease guaranteed by Caliber Bodyworks LLC.

Proven Location: Longstanding and proven site with performance across multiple economic cycles and a demonstrated long-term tenant commitment.

Strategic Location: Situated in a major automotive corridor, ensuring a steady flow of business.

Lease Extension: Recently extended lease by 5 years to 2030, with two additional 5-year option periods.

Annual Increases: Rental increases tied to CPI, capped at 6.5%.

Cap Rate:

5.25 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Caliber Collision Center

Amenities

• Fenced Lot
• Signage

Public Transportation

Commuter Rail	Drive	Walk	Distance
Gilroy (Caltrain - Caltrain (Caltrain))	3 min	-	1.5 mi
San Martin (Caltrain - Caltrain (Caltrain))	8 min	-	5.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	100
Type:	Surface
Included in Rent:	Yes