Rancho Cucamonga, CA – May 13, 2022 – Progressive Real Estate Partners announced today that the firm has been awarded the exclusive listing to sell or lease a portfolio of four non-operating car wash properties in Apple Valley, Hesperia, Pomona and San Bernardino, California. The owner is an institutional investor that previously leased these properties to a private party.
The four locations include:
1) 10570 Bear Valley Road, Apple Valley, CA – Built in 2008 and previously operated as Apple Valley Auto Spa
2) 16575 Bear Valley Road, Hesperia, CA – Built in 2008 and previously operated as Bear Valley Car Wash
3) 506 West Orange Grove Avenue, Pomona, CA – Built in 2012 and previously operated as Pomona Express Car Wash
4) 1250 East Highland Avenue, San Bernardino, CA – Built in 1980 and previously operated as Happy Boy Car Wash
According to Brad Umansky, President of Progressive Real Estate Partners, “The demand from car wash operators to build new car washes in Southern California has been very high. This is an excellent opportunity to purchase a portfolio of existing properties without the construction and entitlement risk typically associated with ground up construction.” He added, “The owner would ideally like to sell or lease these properties to a single operator. The properties are being marketed on a submit offer basis”.
Interested parties can contact Progressive Real Estate Partner’s Car Wash & Service Station Specialist, Victor Buendia at 714-863-5650 for more information.
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 market. The office is also the exclusive Inland Empire representative of the Retail Brokers Network (RBN). Since the firm’s inception Progressive has completed over 1,200 lease and sales transactions valued at more than $1.8B in 35+ cities throughout the region. Progressive uses the latest marketing and brokerage techniques to help retailers and property owners achieve their commercial real estate goals.