Colliers Facilitates Sale Of Wet-N-Jet Express Car Wash In San Antonio
11847 Alamo Ranch Parkway
Building Size
—
Asset Type
Retail
Closing
Apr 25, 2024
AI
The Wet-N-Jet Express Car Wash in San Antonio, Texas, located at 11847 Alamo Ranch Pkwy, was successfully sold. The transaction was overseen by Zack Martin and Sam Etskovitz from Colliers Houston, representing the seller in the sale to Vizza Wash LP. This sale demonstrates the expertise of the Etsky Car Wash Group of Colliers in the car wash M&A market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Market: San Antonio
- Brokers: Sam Etskovitz & Zack Martin - Etsky Car Wash Group - Colliers International
Colliers Houston's Zack Martin and Sam Etskovitz facilitated the seamless M&A transaction to Vizza Wash LP. The sale of Wet-N-Jet Express Car Wash underscores Colliers' commitment to delivering exceptional results and expertise in the car wash M&A market.
Players
San Antonio 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93