5th Street Development And MEE Capital Investments Sell Two Quick Quack Car Wash Properties For $5.4M

The transaction involves two Quick Quack Car Wash properties located at 22181 Barton Road in Grand Terrace and 515 South Lower Sacramento Road in Lodi, both situated in markets with strategic significance for retail operations. The assets were sold for a total price of $5,400,000 and are under 20-year triple-net leases, showcasing their long-term investment potential.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,400,000
• Seller: 5th Street Development; MEE Capital Investments & Adval Properties Inc.
• Buyer's Representatives: John Kourafas - Visintainer Group; Patrick Toomey - Institutional Property Advisors
• Seller's Representatives: Bill Asher & Jeff Lefko - Hanley Investment Group

Hanley Investment Group facilitated the transaction, highlighting their expertise in retail property dealings. Bill Asher and Jeff Lefko represented the sellers throughout the process, while the buyers were represented by John Kourafas and Patrick Toomey, acting on behalf of private investors who acquired the properties.