Andover Properties, a New York investment firm, has expanded its car wash portfolio with the recent purchase of Squeeky's Car Wash in St. Petersburg. The property, located at 3264 Tyrone Boulevard North, was sold for a total of $4.12 million. With a total area of 6,711 square feet, the property was valued at $614 per square foot. Andover Properties plans to rebrand future car wash acquisitions under the Squeeky's name, taking advantage of the anticipated growth in the car wash sector and favorable asset prices.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $4,120,000
• Square Footage: 6,711
• Price per Square Foot: $614
• Address: 3264 Tyrone Boulevard North
• Market: St. Petersburg

Represented by Zach Harding and Brian Cohen, Andover Properties successfully acquired Squeeky's Car Wash in St. Petersburg. As a New York investment firm specializing in alternative real estate assets, Andover Properties saw the potential in expanding their car wash portfolio by adding this location to their existing four properties. This strategic move aligns with the firm's vision of capitalizing on market dynamics and favorable asset prices in the car wash sector.