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Driven Brands Acquires Rocket Express Car Wash In Pharr, TX

Property Image
SOLD
Wes Peacock
Samuel "Sam" Etskovitz
Benjamin "Ben" Etskovitz

Texas

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Retail165 SF
Sold 03/14/2022
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Property Image
SOLD

Driven Brands Acquires Rocket Express Car Wash In Pharr, TX

701 West Ridge Road, Pharr, Texas 78577, United States

See Similar Deals
Retail165 SF
Sold 03/14/2022
Wes Peacock
Samuel "Sam" Etskovitz
Benjamin "Ben" Etskovitz
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:165 SF
Transaction Type:Sale

Rocket Express Carwash located at 701 W Ridge Rd in Pharr, Texas has been sold. The property is a retail asset with a size of 1.65 square feet. The sale was arranged by Marcus & Millichap, a real estate investment firm.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not mentioned
  • Date of Sale: 03/14/2022
  • Market: Pharr, TX

The buyer of Rocket Express Carwash is Driven Brands. The sale was facilitated by the brokers from Marcus & Millichap, namely Ben Etskovitz, Sam Etskovitz, and Wes Peacock. They represented both the seller, a limited liability company, and the buyer, a limited liability company.

The car wash facility features a build-to-suit development with cutting-edge equipment, including a 100-foot tunnel, 22 Vacutech vacuum stalls, and 3 DRB Systems pay stations. This acquisition allows the buyer to expand their car wash portfolio, while the seller took advantage of the competitive real estate market to maximize their returns.

Players

Benjamin "Ben" Etskovitz
Marcus & Millichap
Benjamin Etskovitz
2 deals
BROKER
Samuel "Sam" Etskovitz
Colliers
Samuel Etskovitz
3 deals
BROKER
Wes Peacock
Marcus & Millichap
Wes Peacock
3 deals
BROKER

Details

SOLD
IMAGE: Ben Etskovitz, Sam Etskovitz & Wes Peacock DATE: 03/14/2022 ADDRESS: 701 W Ridge Rd MARKET: Pharr, TX ASSET TYPE: Retail ~ SF: 1.65 BUYER: Driven Brands BROKERS: Ben Etskovitz (@BenEtskovitz), Sam Etskovitz (@SamEtskovitz) & Wes Peacock - Marcus & Millichap NOTE FROM BROKERS: MARCUS & MILLICHAP ARRANGES SALE OF ROCKET EXPRESS CAR WASH TO DRIVEN BRANDS PHARR, TEXAS, March 8, 2022 – Marcus & Millichap (NYSE: MMI), announced today the sale of Rocket Express Carwash, located in Pharr, Texas, according to Bruce E. Bentley III, regional manager of the firm’s Austin office. Benjamin Etskovitz, Samuel Etskovitz and Wes Peacock, investment specialists in Marcus & Millichap’s Austin and Houston offices, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was procured by Samuel Etskovitz, an investment specialist in Marcus & Millichap’s Houston office. “With a build-to-suit development, our seller was able to capitalize on the competitive Real Estate environment, while our buyers were simultaneously able to add another Car Wash to their ever-growing portfolio,” says Etskovitz. Rocket Carwash is constructed with all new equipment, including a 100 foot tunnel, 22 Vacutech vacuum stalls, and 3 DRB Systems pay stations. Rocket Carwash is located at 701 W Ridge Rd in Pharr, Texas.

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