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The sale of the Quick Quack Car Wash in the Houston metro area represents a cap rate of 5.39%, which is a record-low cap rate for an express car wash net-lease transaction outside of California.
Anton Aspire allows provides commuter proximity to key employment and entertainment centers throughout Silicon Valley, including direct access to the new Milpitas BART/VTA station.
Demand has been higher for industrial assets above 75,000 square feet, but the demand wasn't enough to generate positive absorption in Orange County last quarter.