NOI: $263,642.29
? 2 Car Washes, 1 Laundromat
? New Auto Wash in 2023 at 608 Thain Road with proforma $60-80K gross income not included in current NOI. Recently renovations: Rebuilt all self-serve equipment, including pumps, coin machines, hoses, and plumbing (roof and bays). Replaced all bay equipment. Painted exterior and bay interiors, and added new signage.
? Recent Updates to 1027 Linen Avenue: Fully repainted interior and exterior, replaced all rooftop plumbing, rebuilt self-serve pump systems with new equipment in each bay, and added a new PDQ 360 Touchless Automatic. Built a dog wash room (equipment installed, not yet operational) and upgraded electrical to support new systems.
? Expansion: Add 20 Self-Storage Units
? Strong Cash Flow, High NOI & Expansion Potential!
This is part of a 4 Property Portfolio in Clarkston, Washington and Lewiston, Idaho with a bonus location in Moscow Idaho. Total NOI: $883,131.37 Value add potential- new location on Thain RD opened in April 2024- Projected Gross Income $60-80K not reflected in the current 4 property NOI. 4th bonus location wash rates not icreased in 10 years, a $2 rate increase per wash will increase by nearly $80,000 annual income. Total package price: $7,499,000.