SOLD
Driven Brands Acquires Rocket Express Car Wash In Pharr, TX
701 West Ridge Road
Retail
165 SF
165 SF
Sold 1 year ago
Summary
Sale
TEXAS
Retail
165 sqft
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
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.View on map
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Address701 West Ridge Road
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