Car Washes for Sale | Value Add Portfolio of Properties

Retail-Commercial for Sale
Catylist Listing ID: 30209025
Property Subtypes: Car Wash
Building Size (RSF): 5,500 SF
Gross Building Area: See Agent
Sale Price: $2,950,000
Unit Price: $536.36 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 19.0%
Last Updated: 7/20/2018

Overview / Comments

3525 Montgomery Blvd. NE is Part of a Value Add Portfolio of Properties (See Attached Offering Memorandum)

3525 Montgomery:

Six Self Service bays with 9 function cleaning systems in each bay
Touchless and Friction In-Bay-Automatic Jim Coleman Water Wizard 2.0
Wash Connect integrated performance management system
All bays and in Bay Automatic accept loyalty cards as part of property portfolio
Nine Super Vac combo with fragrance/carpet cleaner
Seven vend island with master controller and Six vend island with mater controller
Emissions Bay with Worldwide auto emissions testing compliant with Bernalillo County Clean Air Program
All Jim Coleman Hanna equipment throughout
Twin water softeners in parallel for adequate capacity
Great visibility to 43,800 cars per day
Other Site Locations included in Portfolio (See Offering Memorandum for more information):

237 Highway 528 | Rio Rancho, NM  87124
9210 Eagle Ranch Rd. NW | Albuquerque, NM  87114
12711 Candelaria Rd. NE | Albuquerque, NM  87112
9935 Lomas Blvd. NE | Albuquerque, NM  87112

Offering Summary:

Cap Rate:  19%

NOI:  $652,137 (ProForma Based)

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North I-25
Tax ID/APN: ABQ62538
Zoning: MX-M - Mixed-use: Moderate Intensity
Retail Clientele: General, Family, Other

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,547 118,181 356,562
Median Age: 32.15 39.2 38.09
Households: 6,637 53,918 154,570


Photograph of Listing Agent

Keith Meyer, CCIM, SIOR

NAI Maestas & Ward CARNM CIE Member
Photograph of Listing Agent

James A Wible, CCIM

NAI Maestas & Ward CARNM CIE Member
© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.