### Hanley Investment Group Brokers Two Quick Quack Car Wash Sales Totaling $5.38M
Hanley Investment Group Real Estate Advisors successfully orchestrated the sale of two newly constructed, single-tenant properties occupied by Quick Quack Car Wash. The transactions, completed within 30 days, involved properties in Grand Terrace and Lodi, California, and sold for a combined total of $5.38 million. Each site was secured with a new absolute triple-net ground lease featuring an initial 20-year term.
In the first sale, Hanley EVPs Bill Asher and Jeff Lefko represented the seller and developer, 5th Street Development, based in Del Mar. The Quick Quack Car Wash property, located at 22181 Barton Rd. in Grand Terrace, sold for $2.7 million. The buyer, a private investor from Pasadena, was represented by Patrick Toomey, executive director at Institutional Property Advisors.
The second transaction involved a Quick Quack Car Wash ground lease at 515 S. Lower Sacramento Rd. in Lodi, selling for $2.68 million. The property was developed by MEE Capital Investments and AdVal Properties, Inc. Asher and Lefko represented the seller, while the buyer, a central California-based private investor, was represented by John Kourafas of Visintainer Group.
These deals highlight Hanley Investment Group’s expertise in facilitating high-value real estate transactions within a short timeframe.
About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax (www.griffintax.com) and REVVED Up Accounting (www.revvedupaccounting.com). In addition, Steve founded Madison Avenue Technology (www.madisonave.tech). With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.
