Hanley Investment Group Real Estate Advisors recently facilitated the pre-sale of a newly leased property in Meridian, Idaho to Mister Car Wash. The transaction was handled by Hanley’s Executive Vice Presidents Bill Asher, Carlos Lopez, and Kevin Fryman in collaboration with Oakmore Inc.’s Managing Partner Jeff Selick and ParaSell, Inc. on behalf of the seller and developer – an affiliate of Cadence Capital Investments based in Greenwood Village, Colorado. The buyer was represented by Cushman & Wakefield’s Executive Director Ralph Riedel from Salt Lake City.
According to Asher, there were multiple competitive offers within the first week of marketing for this all-cash deal. He also mentioned that they were able to structure a quick two-week due diligence period followed by a 30-day escrow.
The new Mister Car Wash location has signed a long-term absolute triple-net ground lease agreement. It is situated on a 1.04-acre parcel near an upcoming residential and retail development project which includes plans for single-family homes,townhomes apartments,a hotel,and various retail spaces.The construction was completed in 2024 witha total areaof5 ,381 square feet . This sale marks another successful transaction arranged by Hanley Investment Group Real Estate Advisors.
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