Farley of Colliers Facilitates $2.7 Million Sale of The Local Wash in Hampton

Colliers, a global leader in commercial real estate services, is pleased to announce the $2.7 million sale of The Local Wash at 595 Lafayette Road in Hampton, New Hampshire. The transaction included the oper
ating car wash and laundromat business and the associated real estate.

Cassandra Farley, senior associate with Colliers, represented the seller, 595 Lafayette, LLC. The buyer wasAtlantic Holdings Group, LLC. The sale was recorded at the Rockingham County Registry of Deeds.
Located along Route 1, the property consists of a 3,632± SF facility on 0.49± acres. The established business includes an automatic car wash, four self-service wash bays, and a laundromat with recently updated equipment and payment technology.
 
“The level of interest in The Local Wash demonstrated strong demand for established service businesses that include the underlying real estate,” said Farley. “With an operating car wash and laundromat in a visible Route 1 location, this offering appealed to buyers seeking multiple income streams in the Seacoast market.”
 
The sale supports the continued interest in main street businesses particularly in the desirable seacoast market.