B+E helps buyer quickly close on $22M worth of carwash assets - Professional Carwashing & Detailing

B+E helps buyer quickly close on $22M worth of carwash assets

NEW YORK — B+E helped to find and secure four new washing properties, closing on them before the end of 2022.

NEW YORK — B+E, a brokerage and technology platform for net lease real estate, announced the sale of four carwash assets located in Florida and Texas for $22,051,281, according to a press release. 

The brokerage managed all aspects of the buy side transactions for a first-time net lease buyer.

“In less than 90 days, we helped our client identify, secure and close on four outstanding carwash properties to fulfill his bonus depreciation need before the end of 2022. All properties were new 20-year sale-leasebacks and all were located in income-tax free states,” said B+E broker Jim Ceresnak. “In one example, we secured a deal at a cap rate almost 30 basis points higher than an almost identical comp for the same operator in the same market that closed only weeks before our client’s transaction. We fought hard to get the best possible pricing for our client, and ultimately succeeded in achieving his desired outcome.”

B+E was engaged on nearly $100 million in carwash asset sales and listings in 2022 on behalf of both buyers and sellers. For more information on net lease carwash inventory, contact Ceresnak at [email protected] or go to www.tradenetlease.com.

You May Also Like

New Car Wash Convos features UT’s Shay Holle

AUSTIN, Texas — Holle, a senior at The University of Texas, has played in all 36 games in the 2022-23 season and has been included in the Academic All-Big 12 Team two years in a row.

Season 2 of Car Wash Convos Features Texas Women's Basketball Guard Shay Holle

AUSTIN, Texas — ZIPS Car Wash Convos is back in Austin for another episode, this one featuring Texas Longhorns women’s basketball guard, Shay Holle.

Holle’s episode was filmed alongside Texas alum and Car Wash Convos host, Ray Villareal, during a carwash at ZIPS in Austin and was released on YouTube and Instagram.

B+E brokers sale of Caliber Car Wash  

NEW YORK — The Caliber Car Wash property located at in Kill Devil Hills, North Carolina, sold for an undisclosed price.

B+E brokers sale of Caliber Car Wash
Driven Brands to host fourth quarter, year-end earnings call

CHARLOTTE, N.C. — The conference call will be available via live webcast on Driven Brands’ Investor Relations webpage.

Industry mourns loss of Kenneth Stone

SYLVAN LAKE, Mich. — Stone was the president of Stone Soap Company, which was founded in Detroit in 1932.

Kenneth Stone
Whistle Express acquires 7 Louisville-area carwashes

LOUISVILLE, Ky. — The company also plans to partner with Clean Waves to develop an eighth Louisville-area location, to open later this spring.

Other Posts

The money is in the detail

Why your financial statements matter.

The money is in the detail
ZIPS features Memphis’s Jayden Hardaway in Car Wash Convos

MEMPHIS, Tenn. — Hardaway is interviewed by host Sydney Neely as they ride through his local ZIPS Car Wash.

ZIPS features Memphis’s Jayden Hardaway in Car Wash Convos
ScrubaDub opens new flagship location in Worcester, Massachusetts

NATICK, Mass. and WORCESTER, Mass. — ScrubaDub Park Ave. kicked off its grand opening with 15,000 complimentary Ultra carwash coupons mailed to Worcester neighbors.

ScrubaDub opens new flagship location in Worcester, Massachusetts
Metro Express introduces graphene wash package

BOISE, Idaho — When applied to automotive surfaces, graphene forms a protective layer that is durable, enhances paint clarity, and repels water and contaminants more effectively than traditional waxes or sealants, the company said.

Metro Express introduces Graphene wash package