Gerber Collision and Glass

Strategically located near major highways, this property is just 500 feet from I-15 Exit 272, right off Canyon Parkway, offering excellent accessibility for logistics and commuting. Situated in the heart of the Orem industrial district, part of the Provo-Orem Metropolitan Statistical Area, this property benefits from being in a significant economic hub of Utah. The layout and size of this property are ideal for various industrial applications, including manufacturing, warehousing, and distribution. With industrial properties in Orem experiencing steady rental growth, this property offers rents significantly below market rates, presenting an exceptional value-add investment opportunity. The area boasts a low industrial vacancy rate of just 2%, ensuring nearly zero vacancy for this property.

Gerber Collision & Glass, an automotive repair and maintenance company founded in 1937 and headquartered in Elmhurst, Illinois, is the tenant. As part of Boyd Group Services Inc. (TSX: BYD), Gerber Collision & Glass offers collision repair, automotive glass replacement, and related services, operating over 500 locations across North America. Backed by Boyd Group Services Inc., Gerber Collision & Glass shows strong revenue and growth through organic expansion and strategic acquisitions, maintaining consistent profitability with healthy margins and cash flow. Engaging in long-term triple net (NNN) leases, Gerber ensures stability and predictable income, supported by the financial strength of Boyd Group Services Inc., making it a low-risk tenant with ongoing expansion plans.

This property is a prime investment opportunity with excellent tenant stability and strong growth potential.