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Wash Depot Holdings, Inc. of Malden, MA, dba Simoniz Car Wash, sold its last three car wash locations in Tucson for[mepr-show rules="58038"]$1.64 million. A portfolio of 30 Simoniz car washes is being sold. Twenty of these have sold or are under contract within one month of coming on the market; properties are located in AZ, TN, TX, GA, MN, MO, IA, IL and FL. Prior to putting the 30 car washes on the market, Simoniz had 80 locations across the U.S.
Quick n Clean, an affiliate of Upper Image Services of Dallas, TX bought two of the properties, 6042 E Speedway Blvd. for $600,000 and 2140 N Kolb Rd in Tucson for $750,000. Quick n Clean started in 1993, under the premise that the car washing industry and local community were in need of a business that offered a high-end car washing service. The company’s vision was to utilize cutting edge technology in a state-of-the-art facility to deliver a first-class car washing service that consumers had never experienced before. This concept led to regional and national car wash awards for “innovative design, architecture, and operation” in the car washing industry.
The company has since positioned itself in the Arizona and Texas marketplaces as Quick n Clean, with four locations in Texas, 11 in Phoenix, and these two new sites in Tucson.
Mister Car Wash and Mister Express Lube Centers are Car Wash Partners’ (“CWP”) companies (Ron Peterson, chairman), doing business as Mister HotShine. The Simonize Car Wash location at 730 E Broadway Blvd. in Tucson was purchased by CWP and will be the company’s seventh location in Tucson. The sale price for this site was $290,000. Mister Car Wash also acquired the Simonize site at 4941 N Oracle Road and 2409 N Kolb Road in Tucson in an earlier transaction for $2.832 million.
Vinny Carfora with Car Wash King of Florida, a licensed real estate broker in 38 states handled the transactions for both buyer and seller, the final Tucson properties being sold in the portfolio. More information on the prior sales can be found here.
Carfora should be contacted at (954) 540-3330 or visit www.carwashking.com[/mepr-show]
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[ismember]6042 E Speedway: sale date: 10/10/2013. Sale price: $600,000, 1,888 SF (built 1978) on 28,500 SF, APN: 127-11-069A, sold with 2140 N Kolb Rd on 10/10/2013. Sale price: 750,000, 1,584 SF (built 1983) on 29,256 SF lot APN: 133-15-321A No down payment was reported for either property, yet new conventional financing was indicated in public records.
730 E Broadway Blvd. Sale Price: $290,000, sale date: 10/3/2013. 3,378 SF (built 1982) on 29,660 SF was sold with two other properties that totaled $2.832 million. All cash transaction. APN: 124-07-176B.[/ismember]