Wash Depot Holdings, Inc. of Malden, MA dba Simoniz Car Wash is selling a portfolio of 30 car washes of the company's 80 total properties. Twenty of these have sold or are under contract within the one month of coming on the market; properties are located in AZ, TN, TX, GA, MN, MO, IA, IL and FL.
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[mepr-show rules="58038"]Mister Car Wash of Tucson (Ron Peterson, Chairman) acquired two Simoniz locations and businesses from Wash Depot at 4941 N Oracle Rd in Tucson for $2 million ($430 PSF) and 2409 N Kolb Road in Tucson for $832,000 ($126 PSF).
"This deal is going to strengthen our position in Tucson and allow us to better serve a very strategic market for us" said Peterson in a press release. Mister Car Wash now operates six carwashes in Tucson and 123 carwashes nationwide. Mister Car Wash has added 21 locations in 2013. It was Mister Car Wash that also acquired the four local Capin car washes last year, making Mister the largest car wash owner in the country based here in Tucson.
The third Simoniz location was at 3410 N 1st Avenue in Tucson. It sold to UC Associates, LLC of Tucson dba Octopus Car Wash for $425,000 ($192 PSF). This will be car wash number four for Octopus in Tucson.
Vinny Carfora with Car Wash King of Florida is a licensed real estate broker in 38 states. In an exclusive interview with the editor of Real Estate Daily News, Carfora told us he is marketing the Wash Depot portfolio and represented seller and both buyers in these transactions. Carfora told us there are three other properties as part of the portfolio in Tucson and one in Phoenix, of these, two are under contract and expected to close at the end of month. Carfora also handled the sale of the four Capin properties last year.
For more information contact Carfora at (954) 540-3330 or at visit www.carwashking.com
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4941 N Oracle: sale date: 9/12/2013. APN: 105-08-014E, lot size 66,706 SF. All cash transaction. 2409 N Kolb: sale date 9/12/2013, APN: 135-10-150X and 150W, lot size 32,094 SF. All cash transaction. 3410 N 1st Ave: sale date: 9/11/2013. APN: 13-04-227 thru 229 and 230 and 231. Lots size was 30,208 SF. All cash transaction.[/mepr-show]