Updated Sep 2, 2026
Evergreen Devco Sells Super Star Express Car Wash In Lake Elsinore For $3.4M
29150 Central Avenue
$3,400,000
$826/SF
Building Size
4,116 SF
Asset Type
Retail
Closing
Aug 25, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 29150 Central Avenue in Lake Elsinore, CA. It has a sale price of $3,400,000 and comprises 4,116 square feet, resulting in a price per square foot of $826.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,400,000
- Address: 29150 Central Avenue
- Market: Lake Elsinore, CA
- Square Footage: 4,116
- Price per Square Foot: $826
- Seller: Evergreen Devco, Inc
- Buyer's Representative: Dan Riley - CBRE
- Seller's Representatives: Bill Asher & Jeff Lefko - Hanley Investment Group
This transaction saw Evergreen Devco sell the Super Star Express Car Wash to a private investor from Southern California. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, while Dan Riley from CBRE acted on behalf of the buyer in this single-tenant retail property sale.
On the Map
$3,400,000
$826/SF
Retail
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Players
Lake Elsinore Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93