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Reno, Nevada, retail property sells fully-occupied

Car wash trades hands in 1031 exchange
This Reno car wash was sold for $5.77 million. (CoStar)
This Reno car wash was sold for $5.77 million. (CoStar)
By Raheem Katrib
CoStar Research
December 17, 2024 | 6:54 P.M.

Oil Changers, a national user, purchased Hutch's Car Wash in Reno, Nevada, for $5.77 million. The acquisition was part of a 1031 exchange, allowing the seller to use the profits for its next real estate acquisition.

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