PHOENIX, AZ— Matthews™, a commercial real estate investment services and technology firm, completed the sale of Gerber Collision, located at 15450 N 84th St in Scottsdale, Arizona. Matthews™ First Vice President John Stroud represented the buyer in the $6,600,000 transaction.

 

The 15,620-square-foot asset features C4 Industrial Zoning, a rarity held by less than 30 properties in the Scottsdale Airpark submarket. This specific zoning permits automotive sales, maintenance, and repair, creating a significant barrier to entry for competitors and ensuring the property’s long-term desirability. The building is currently leased to Gerber Collision and Glass, a subsidiary of Boyd Group Services, Inc., providing a durable industrial investment in a premier location.

 

The Matthews™ agent generated significant interest, utilizing the firm’s collaborative platform, connecting an out-of-state 1031 exchange buyer divesting from a hotel portfolio in Montana to a stable industrial asset. This synergy allowed the investor to source a new product type and navigate the 1031 process across different markets. Throughout the transaction, Matthews™ maintained communication between both parties to resolve complicated lease language and maintenance issues that arose during escrow, ultimately securing an all-cash, 31-day close.

 

“This transaction is a testament to the power of the Matthews™ platform and our ability to move capital across product types and state lines,” Stroud said. “Closing this deal required a high level of trust, persistence, and constant communication to navigate the complexities of the 1031 process and ensure a successful outcome for all parties.”

 

For more information, please contact John Stroud or visit matthews.com.

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.