Marcus & Millichap Sells Take 5 Car Wash In DeFuniak Springs For $5.3M

Marcus & Millichap has sold Take 5 Car Wash in DeFuniak Springs, Florida, for $5.3 million. The property is a retail asset located at 822 US-331 and spans across 3.28 acres. The transaction took place on June 19, 2023. The property consists of 3,318 square feet and was sold at a price per square foot of $1,605. Alan Lipsky from Marcus & Millichap represented the seller as the broker.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,325,203
• Address: 822 US-331, DeFuniak Springs
• Market: DeFuniak Springs
• Property Size: 3.28 acres
• Square Footage: 3,318
• Price Per Square Foot: $1,605

Steve Goldwyn and David Purisch from Marcus & Millichap Capital Corporation served as the mortgage brokers for the transaction, arranging $2.35 million in financing. The buyer was attracted to the property's new long-term lease and strong corporate guarantee. The sale of Take 5 Car Wash was a successful deal facilitated by Alan Lipsky, representing Marcus & Millichap.