Magic Mist Auto Wash Acquires Outlet Car Wash In Niagara Falls For $2.95M
2727 Military Road
$2,950,000
$777/SF
Building Size
3,796 SF
Asset Type
Retail
Closing
Dec 18, 2025
About this deal
AI
The property involved in this transaction is located at 2727 Military Road in Niagara Falls. It consists of a retail asset with a sale price of $2,950,000, encompassing a total square footage of 3,796, which equates to a price per square foot of $777.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,950,000
- Address: 2727 Military Road
- Market: Niagara Falls
- Square Feet: 3,796
- Price Per Square Foot: $777
- Buyer: Magic Mist Auto Wash
- Seller: Adam Backus
- Seller's Representatives: Dillon Mata & Andrew Ivankovich - Matthews
Dillon Mata and Andrew Ivankovich from Matthews Real Estate Investment Services facilitated this sale transaction, which involved both the business and the real estate of the Outlet Car Wash. Magic Mist Auto Wash, the buyer, has now expanded its operations to seven car wash locations throughout New York State.
Players
Niagara Falls Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93