Log In/Sign Up
Your email has been sent.
75015 Sheryl Ave - Harv's Car Wash 17,100 SF Specialty Building Offered at $3,799,000 at a 7.48% Cap Rate in Palm Desert, CA 92211
Executive Summary
The Coachella Valley's iconic Harv's Car Wash was built in 1991, and has been a very popular spot in Palm Desert, for customers to have their cars washed and detailed. The current operator has been in the car wash business for over 30+ years, and recently executed a 10 year, single tenant NNN lease. Currently, the lease terms still has approximately 9 years remaining (Exp. 8/31/34).
The current CAP Rate is 7.29%, with the most recent annual Base Rent escalation of 3%.
The Seller had a $300k solar panel system installed on the building in 2018, which has been paid for in full, and is part of the sale.
The current CAP Rate is 7.29%, with the most recent annual Base Rent escalation of 3%.
The Seller had a $300k solar panel system installed on the building in 2018, which has been paid for in full, and is part of the sale.
Property Facts
| Price | $3,799,000 | Building Class | B |
| Price Per SF | $222.16 | Lot Size | 0.95 AC |
| Sale Type | Investment | Building Size | 17,100 SF |
| Cap Rate | 7.48% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1991 |
| Property Subtype | Car Wash | Parking Ratio | 0.77/1,000 SF |
| Zoning | C1 | ||
| Price | $3,799,000 |
| Price Per SF | $222.16 |
| Sale Type | Investment |
| Cap Rate | 7.48% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.95 AC |
| Building Size | 17,100 SF |
| No. Stories | 1 |
| Year Built | 1991 |
| Parking Ratio | 0.77/1,000 SF |
| Zoning | C1 |
Amenities
- Signage
1 1
Property Taxes
| Parcel Number | 634-260-020 | Improvements Assessment | $2,125,000 |
| Land Assessment | $575,000 | Total Assessment | $2,700,000 |
Property Taxes
Parcel Number
634-260-020
Land Assessment
$575,000
Improvements Assessment
$2,125,000
Total Assessment
$2,700,000
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
75015 Sheryl Ave - Harv's Car Wash
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.