Marcus & Millichap Brokers Oversee $41.4M Sale Of Ultra Clean Express Car Wash Portfolio In Phoenix & Las Vegas

Marcus & Millichap has facilitated the sale of six Ultra Clean Express Car Wash properties in Phoenix and Las Vegas for a total of $41.4 million. These retail assets are equipped with new 20-year triple-net leases, which come with a corporate guarantee and 10 percent rental increases scheduled every five years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $41,400,000
• Market: Phoenix & Las Vegas
• Brokers: Cameron Glinton, Ryan Sarbinoff, Chris Lind, Zack House & Mark Ruble - Marcus & Millichap
• Date: 08/16/2023
• Note: The properties feature new 20-year triple-net leases with a corporate guarantee and 10 percent rental increases every five years.

The sale was overseen by Marcus & Millichap, with Drank Cameron Glinton, Ryan Sarbinoff, Chris Lind, Zack House, and Mark Ruble serving as the brokers. Their expertise and involvement proved instrumental in finalizing the deal, emphasizing the strong commitment of Marcus & Millichap to facilitate successful property transactions.