Marcus & Millichap Sells Two El Car Washes In South Florida For $14.05M

Marcus & Millichap has sold Two El Car Washes in South Florida for $14,047,000. The properties are located at 2851 West Okeechobee Road in Hialeah and 7366 Boynton Beach Boulevard in Boynton Beach. The retail assets have 20-year Absolute NNN Leases, demonstrating the strong demand in the National Car Wash Industry. The sale was facilitated by Eduardo Toledo and Jonathan De La Rosa, brokers from Marcus & Millichap.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $14,047,000
• Address: 2851 West Okeechobee Road, Hialeah & 7366 Boynton Beach Boulevard, Boynton Beach
• Market: Hialeah & Boynton Beach

Marcus & Millichap played a significant role in this deal, representing the seller El Car Wash, with Justin Landau as the owner. The transaction highlights the demand for car wash properties and the investment potential they offer. Marcus & Millichap's expertise in the Miami market allowed them to recognize the opportunity and facilitate a successful sale.