Rancho Cucamonga, CA – June 15, 2021  – Progressive Real Estate Partners, the Inland Empire’s leading retail real estate brokerage firm, announced today the $6,050,000 sale of Rancho Car Wash which is located at 27378 Jefferson Avenue in Temecula, California.  The prime location is directly off the heavily traveled I-15 freeway at the signalized intersection of Jefferson Avenue and Winchester Road with a traffic count of over 64,000 cars per day.

Progressive Real Estate Partners’ Victor Buendia, Business and Investment Real Estate Sales Specialist represented the buyer and seller both of which are Los Angeles County based private investors in the transaction.  The buyer operates a successful car wash in Long Beach.

Established in 1988, Rancho Car Wash offers full service hand car washes, auto detailing services and an Oil and Lube center.  A 140’ double wide tunnel allows for exotic and oversized vehicle washes.  The purchase included both the business and real estate and the buyer plans to remodel and upgrade the operation.

The car wash is an outparcel to a strip center that includes a variety of shops and services.  Neighboring retailers include Food 4 Less, TJ Maxx, Dollar Tree, Starbucks, Jack in the Box and others.  Furthermore, the property is in a heavily populated affluent area with approximately 148,000 people and an average household income of $84,432 in a 5-mile radius.

According to Victor Buendia, “Car washes in prime locations continue to be in strong demand and the excellent freeway adjacent location and 30+ year operating history made this car wash especially attractive to the buyer”.  He added, “Not only are car washes an internet-resistant use, they typically generate strong cash flow and have proven to be resilient regardless of the economic environment”.

About Progressive Real Estate Partners

Progressive Real Estate Partners (PREP) is a boutique commercial brokerage firm headquartered in Rancho Cucamonga, California. Founded in 2008, the firm specializes in the leasing and sale of retail properties in Southern California’s Inland Empire. The firm is also the exclusive Inland Empire representative of the Retail Brokers Network (RBN).   Since the firm’s inception Progressive has completed over 1,000 lease and sales transactions valued at more than $1B in over 35 cities throughout the region.  Progressive uses the latest marketing and brokerage techniques to help retailers and property owners achieve their real estate goals.