November 4, 2024 – Jack Laurendeau, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a Gerber Collision in Cathedral City, California. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,467,000.
Gerber Collision is located at 36550 Perez Road in Cathedral City, California. Gerber Collision executed a new 15-year Absolute NNN Lease upon the close of escrow with four (4), 5-year renewal options. The Property consists of a 9,365 square foot, brick building on a 0.54-acre parcel of land. The Lease calls for attractive 8% rent increase every five years throughout the primary lease term and at the start of each of the renewal options, providing a fixed increase in income and an attractive hedge against inflation. The Property is positioned on Perez Road just off of E Palm Canyon Drive (CA-111), one of the primary retail and commercial corridors in Cathedral City. Gerber Collision benefits from excellent synergy with the local auto market, where it is surrounded by a conglomeration of major name-brand car dealerships. The Property is situated between Cathedral City’ downtown area and Canyon Plaza Shopping Center, a large outdoor retail center featuring a number of national tenants and directly across the street from a Target and Trader Joe’s.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.