Completed in a Seamless 60-Day Closing

St Augustine, FL— Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, completed the quick close off-market sale of Datil Car Wash located at 145 Movie Street, Saint Augustine, FL. Associate Vice President Beryl Grant and Vice President Clay Smith represented the seller.

The seller, a private investor, was looking to capitalize on the submarket’s high-interest rate environment and reallocate capital into other investments in Northeast Florida. The buyer, 145MS, LLC, was looking to expand its presence in express car washes in the Southeast.

“We were able to capitalize on the benefits of this being an off-market transaction,” said Grant. “This helped the seller achieve a shortened timeline and the buyer acquire an asset to grow their portfolio with an investment they may not have found on their own.”

Datil Car Wash is an express car wash facility that offers developed technologies and top-of-the-line equipment. It is in a high-traffic neighborhood nearby several retailers, including McDonald’s, Dunkin’ Donuts, Epic Village Shopping Center, and Planet Fitness.

“Through industry relationships and knowledge, we were able to arrange a sale that was seamless and closed in just 60 days,” said Smith.

For more information, or to contact Beryl Grant and Clay Smith, please visit www.matthews.com.

About Matthews™

Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 400 agents and support staff in 15 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

PRESS CONTACT
Kaylee Stock
(701) 429-7462
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