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TriColor Auto

• Address: 1147 E Camelback Road

• Real Estate Type: Retail

• Square Feet: +/- 1,587

Project Overview

• Hertz vacated building and left land, lot, and building in poor condition.
• Lease to new auto group given the proximity to other dealerships on Camelback.

Challenge

• Smaller sized lot (0.63 Acres) and small building (only 1,500 RSF).
• Poor maintenance of landscaping and building became eyesore and difficult to market.

Solution

• Cold call adjacent dealerships potentially looking for expansion before bringing to market.
• Leverage C2 vast national brokerage network to engage with brokers representing dealerships in AZ and the SW in general.

Results

• Long term lease signed with fortune 1000 high growth dealership new to our market including a strong corporate guarantee.
• Multiple long-term options in addition to continue to lock in cashflow at this asset for our owner.

Client