4620 Post St - Building A
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4620 Post St - Building A
5,088 SF Specialty Building Offered at $12,087,000 CAD at a 8.65% Cap Rate in El Dorado Hills, CA 95762
Investment Highlights
- 8.7% Current Cap Rate
- High barrier to entry- No immediate competition - Closest Competitors are 8-10 miles away
- Income upside through marketing and express model memberships
- Full serviced & express vacuums added in 2022
- High profile location and centrally located in the El Dorado Hills Town Center
- 2022 equipment upgrades
Executive Summary
Newmark, as the Exclusive Advisor, is pleased to present the opportunity to acquire Sud’s Car Wash & Detail. Located in the highly desirable community of El Dorado Hills, Ca., this premiere car wash & detail property was constructed in 2005 and resides on a 0.92/acre parcel. Nestled within the El Dorado Town Center, a sprawling ±427,000 SF lifestyle center emerging as the downtown district of El Dorado Hills and western El Dorado County. This upscale shopping center features some of the best restaurants and eateries El Dorado County has to offer. You’ll find local and national retailers, a movie theater, hotel, gourmet market, fitness club, day spa, a public amphitheater, dramatic fountains and waterways, and broad public plazas. Town Center is built like a traditional downtown, with a main street where people gather, work, stroll along broad sidewalks, and enjoy lakeside dining and quality accommodations. The town center is also home to the California Welcome Center. Suds Car Wash & Detail stands out as the dominant full-service automobile cleaning and detailing facility in the area. With high barriers to entry, Suds enjoys a strategic advantage as the only provider of its kind within El Dorado Hills, with the closet competitors situated ±10 miles away in Cameron Park and ±8 miles away in Folsom. This location further benefits from being in the most densely populated region of El Dorado County, with 44,500 residents who, on an average, possess higher educational qualifications and an average household income of $198,874. This acquisition allows for the user/investor to purchase a fee simple, turn-key car wash and detail property with income in place. An express model membership was implemented in 2024 and has increased income an additional $20k/month. Current ownership has also maintained long-term veteran employees who plan on continued employment if one so desires. Car washes with on-site detail like Suds are highly sought-after investment opportunities, particularly in California’s climate, which is conducive to maintaining the ever increasing high-end vehicles on the roads.
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Gross Rental Income | $3,072,127 | $603.80 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $3,072,127 | $603.80 |
Taxes | $135,090 | $26.55 |
Operating Expenses | $1,891,118 | $371.68 |
Total Expenses | $2,026,208 | $398.23 |
Net Operating Income | $1,045,919 | $205.57 |
Financial Summary (Pro forma - 2024)
Gross Rental Income (CAD) | |
---|---|
Annual | $3,072,127 |
Annual Per SF | $603.80 |
Other Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income (CAD) | |
---|---|
Annual | $3,072,127 |
Annual Per SF | $603.80 |
Taxes (CAD) | |
---|---|
Annual | $135,090 |
Annual Per SF | $26.55 |
Operating Expenses (CAD) | |
---|---|
Annual | $1,891,118 |
Annual Per SF | $371.68 |
Total Expenses (CAD) | |
---|---|
Annual | $2,026,208 |
Annual Per SF | $398.23 |
Net Operating Income (CAD) | |
---|---|
Annual | $1,045,919 |
Annual Per SF | $205.57 |
Property Facts
Price | $12,087,000 CAD | Building Class | A |
Price Per SF | $2,376 CAD | Lot Size | 0.92 AC |
Sale Type | Investment | Building Size | 5,088 SF |
Cap Rate | 8.65% | No. Stories | 1 |
Property Type | Specialty | Year Built/Renovated | 2005/2022 |
Property Subtype | Car Wash | Parking Ratio | 2.35/1,000 SF |
Price | $12,087,000 CAD |
Price Per SF | $2,376 CAD |
Sale Type | Investment |
Cap Rate | 8.65% |
Property Type | Specialty |
Property Subtype | Car Wash |
Building Class | A |
Lot Size | 0.92 AC |
Building Size | 5,088 SF |
No. Stories | 1 |
Year Built/Renovated | 2005/2022 |
Parking Ratio | 2.35/1,000 SF |
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zoning
Zoning Code | CG (Commercial General) |
CG (Commercial General) |
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4620 Post St - Building A
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