IE Business Daily Business news for the Inland Empire.
Progressive Real Estate has arranged the sale of a Temecula car wash.
Rancho Car Wash at 27378 Jefferson Ave. sold recently for a little more than $6 million, according to a statement released today by the Rancho Cucamonga-based commercial real estate brokerage.
Buyer and seller are both private investors based in Los Angeles County. Further information about either party was not disclosed.
Built 1988, Rancho Car Wash is near Interstate 15 at Jefferson Avenue and Winchester Road, an intersection that accommodates more than 64,000 vehicles on a typical day. It offers full-service hand car washes, auto detailing, and an oil and lube center.
The purchase price includes the business and property, and the buyer plans to make upgrades.
Nearby retailers include Food 4 Less, TJ Maxx, Dollar Tree, Starbucks, Jack in the Box. An estimated 148,000 people, with an average household income of $84,432, live within a five-mile radius of the property, according to the statement.
