Jesse George Of Shade Tree Advisors Acquires Miami-Dade Car Wash Properties From Geoffrey Karas For $50M

The asset involved in this transaction is a portfolio of five car wash properties located in Miami-Dade, previously owned by El Car Wash. The total sale price for this retail portfolio amounts to $50,000,000, with the properties leased back to El Car Wash to maintain their operations at these sites.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $50,000,000
• Buyer: Jesse George - Shade Tree Advisors
• Seller: Geoffrey Karas - El Car Wash
• Market: Miami-Dade
• Sale-leaseback agreement includes rights of first refusal for El Car Wash
• Previous transactions in 2024 included a $10M sale-leaseback at 13375 Biscayne Blvd. and a $50M+ acquisition of nine Florida locations.

This transaction was facilitated by Jesse George representing Shade Tree Advisors as the buyer and Geoffrey Karas representing El Car Wash as the seller. Both parties have experience in the retail market, particularly in the car wash segment, with this deal expanding the footprint of Shade Tree Advisors while allowing El Car Wash to secure continued operational rights at these properties.