RealSource Group Arranges Sale-Leaseback of 10 Car Wash Properties in Midwest, Southeast

by Julia Sanders

Newport Beach, Calif. — RealSource Group arranged the sale-leaseback of 10 single-tenant retail properties net-leased to car wash operators in the Midwest and Southeast during the first quarter of 2022. RealSource brokered the transactions — which totaled more than $51 million — on behalf of two undisclosed owners. “We generated multiple all-cash offers and procured a different buyer for each transaction, guiding the entire escrow process from buyer acquisition to closing,” says Austin Blodgett, senior vice president of investment sales with the Newport Beach, California-based company.

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