Matthews Real Estate Investment Services represented the seller in the disposition of a three-property Clean Wave Car Wash portfolio. The sale included locations in Jeffersonville, Floyd Knobs,and Corydon, Indiana.
Associate Jagr Larson, Associate Tyler Spain, Senior Associate Ethan Miller and Vice President and Director Simon Assaf handled the transaction.
The property was sold by Richard Chism and acquired by North Carolina-based Magnolia Wash Holdings. Magnolia Wash Holdings was looking to enter a new market as the company continues its aggressive merger and acquisition activity.
Magnolia Holdings plans to continue the car wash’s existing operations while emphasizing its monthly membership offerings.
