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Speedie Clean
Speedie Clean Car Wash is Santa Ana's neighborhood car wash. Speedie Clean provides a high-quality wash using sustainable equipment at affordable prices.
This property was purchased under market. We purchased it for a very attractive double digit cap rate. It continues to have very strong cashflow today.
Key Points
TypeRetail
DetailCarwash
CoC Yield 22%
Return/year 155%
Equity Mltpl 2.55X
Resale est. $12.0M
Investment Summary
Initial equity$2,250,000
Purchase price$9,000,000
Debt$6,400,000
Renovations$0
Total cost$9,000,000
Resale price est.$12,000,000.00
Gross profit on resale est.$3,000,000
Number years held1
CoC yield22%
Equity multiple est.2.55X
Appreciation p/year est.133.33%
Return p/year est.155.33%
*Annual return and resale estimates based on a variety of factors such as recent appraisals, current market conditions, cashflows history, location, comparable sales, and other relevant data-points.
