COLUMBIA, SC – PassiveInvesting.com, a private equity real estate firm, is pleased to announce the recent purchase of seven car wash sites located throughout the Columbia, SC MSA. This is the second car wash portfolio transaction this year for PassiveInvesting.com bringing the total car wash assets under management to nine locations.
Currently, there are 5 express car wash locations that are open for business as usual. In addition, a 6th site located at 9635 Two Notch Road in Columbia is in its final stages of construction and is slated for a grand opening in July 2022. The 7th location is a full-service car wash and will remain operating as a full-service location for the near future.
HRA Management, an express car wash management firm also owned by PassiveInvesting.com, will be managing the express car wash locations. “As a Columbia native, I am very excited to manage the operation of these sites for our group in my hometown. We are committed to providing exceptional service to our customers and building lasting relationships in the community. Our friendly wash team is ready to serve the midlands with integrity. Not only do we strive to be the leading express car wash brand but, more importantly, create stable jobs for our community with excellent wages and benefits,” says Cameron Broom, Director of Operations for HRA Management.
The sites were previously owned and operated as Sparkle Express Wash and Sparkle Car Wash and will be rebranded to PassiveInvesting.com’s exclusive express car wash brand, Hurricane Express Wash.
“This group of assets in an excellent addition to our portfolio of commercial real estate,” said Brandon Abbott, Managing Partner of PassiveInvesting.com. “We are thrilled to have the opportunity to bring Hurricane Express Wash to the midlands.”
PassiveInvesting.com is a private equity real estate investment firm focused on building passive income and equity for its passive investors through risk-adjusted real estate investments across the United States. The group has acquired over $1.2 Billion in real estate assets including large apartment complexes, self-storage, hotels, and express car washes.
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