DENVER, CO – [August 15, 2025] – Blue West Capital is pleased to announce the sale of Spot Wash on Pearl, an owner-user self-serve car wash located at 11416 Pearl St, Northglenn, CO. The property sold for $1,605,000 (107% of list price), representing an 8.19% cap rate based on 2024 actuals.
Spot Wash is strategically located just off Washington St (31,282 VPD) and Malley Dr (15,391 VPD). The property underwent a full renovation in 2020 with more than $1.7 million in capital expenditures, including $866,000 in building improvements, $725,000 in new equipment, and $130,000 in signage, concrete, and fencing. Since its completion, Spot Wash has achieved consistent year-over-year NOI growth.
The car wash features three self-serve bays, two in-bay automatic lanes, and a large dog wash area. Both automatic bays are equipped with the Karcher Opti8000 Touchless Automatic System by Comtec Wash Systems, widely regarded as the gold standard in modern car wash technology.
Blue West Capital’s Noah Harrison and Rob Edwards represented the seller, a Colorado-based owner-user.
We received strong interest in Spot Wash immediately by leveraging our strategic marketing tools and direct broker outreach. The property was highly attractive due to its significant recent improvements, proven operating history, and consistent NOI growth. Within the first 35 days of marketing, we received multiple full-price offers, resulting in the property transacting above list price.”
Noah Harrison, Associate
Northglenn is a northern suburb of Denver, Colorado’s most populous city, with more than 729,000 residents as of the 2024 U.S. Census.
PR Contact
Noah Harrison
(720) 464-7488
Noah@BlueWestCapital.com
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