Thursday, April 19, 2012

Commercial Asset Partners Realty Closes $429,500 Sale of Former Car Wash Property in Sanford, FL

 SANFORD, FL (April 19, 2012) – Following the trend that business owners are taking advantage of a buyer’s market for commercial real estate, Commercial Asset Partners (CAP) Realty closed the $429,500 sale of a 6,240-square-foot former full-service car wash property (middle left photo) at 712 Lake Mary Boulevard in Sanford.

A new facility called Neat Car Wash and Detail Center plans to open at the property this spring and will create six to eight jobs.

Kim Lohry (top right photo), Commercial Associate at CAP Realty, represented the seller, Business Loan Center, LLC. Adolpho Pereira of Dover International Realty, Inc. represented the buyer, Kermali Enterprises, LLC.

 In preparation for its opening, Neat Car Wash and Detail Center significantly renovated the property, including repainting the facility, installing new car wash equipment, and redoing the lobby and four-bay detail center. The company will offer both exterior-only and full-service car wash/detail options.

 “Because the property’s specifications are so unique, the ideal buyer was one who would use it for its designed purpose, although we did have some interest from automotive services companies,” Lohry said.

“When Kermali Enterprises found the listing, the property went to contract and closing very quickly, because there’s more value in buying an existing facility versus building a full-service car wash.”


Noelle Anderson, APR
Principal & President
True Blue Communications

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