The Boomerang Carwash at 4831 Poplar Ave. has sold for $2.5 million

Arkansas-based Washpop LLC purchased the property from Bailey’s Tunnel Wash LLC in a Dec. 23 warranty deed. In conjunction with the sale, Washpop filed a five-year, $2.5 million mortgage with First Capital Bank.

2. Poplar Ave. Car Wash Sells for $2.5 Million - Saturday, January 2, 2016

The Boomerang Carwash at 4831 Poplar Ave. has sold for $2.5 million

Arkansas-based Washpop LLC purchased the property from Bailey’s Tunnel Wash LLC in a Dec. 23 warranty deed. In conjunction with the sale, Washpop filed a five-year, $2.5 million mortgage with First Capital Bank.

3. Belz Sells Champion Hills Office Building for $7.8M - Tuesday, October 13, 2015

3725 Champion Hills Drive
Memphis, TN 38125
Sale Amount: $7.8 million

Sale Date: Oct. 8, 2015
Buyer: Champion Hills Realty Holdings LLC
Seller: Belz Investco GP
Loan Amount: $5.5 million
Loan Date: Oct. 5, 2015
Lender: C-III Commercial Mortgage LLC
Details: Belz Enterprises made another big real estate deal on the tail of its recent announcement to redevelop the corner of McLean Boulevard and Union Avenue into a mixed-use development.

4. Arlington Car Wash Sells for $3 Million - Saturday, October 10, 2015

The Boomerang Carwash located at 9809 Highway 64 in Arlington sold for $3 million on Sept. 30.

Scottsdale Ariz.-based Spirit Master Funding X LLC purchased the 3,150-square-foot property located on Highway 64 just west of North Houston Levee Road.

5. Arlington Car Wash Sells for $3 Million - Friday, October 9, 2015

The Boomerang Carwash located at 9809 Highway 64 in Arlington sold for $3 million on Sept. 30.

Scottsdale Ariz.-based Spirit Master Funding X LLC purchased the 3,150-square-foot property located on Highway 64 just west of North Houston Levee Road.

6. Wright Medical Buys Arlington Bldg. For Distribution Needs - Tuesday, November 10, 2009

11481 Gulf Stream Ave.
Arlington, TN 38002
Sale Amount: $1.6 Million

Sale Date: Oct. 29, 2009
Buyer: Wright Medical Technology Inc.
Seller: Covington Furniture Manufacturing Co.
Details:  Wright Medical Group Inc. has bought a 56,340-square-foot building at 11481 Gulf Stream Ave. near its Arlington campus to increase distribution capacity. Operating in the transaction as Wright Medical Technology Inc., the company paid $1.6 million for the building, which was completed in 1973 and sits on 4.29 acres near the intersection of Tenn. 385 and U.S. 70.

7. SunShine Car Wash Slated For Poplar and Colonial - Thursday, November 5, 2009

SunShine Carwash Partners LLC has bought the parcel at 4831 Poplar Ave. in East Memphis with plans to build a tunnel wash facility there. The company on Oct. 30 paid $500,000 for the property from BCH Investments LLC and on the same day filed a $1 million loan through Landmark Community Bank.

8. Redevelopment Ahead for Poplar-Colonial Intersection - Tuesday, August 25, 2009

Change is coming to a busy East Memphis intersection, where a car wash will soon be built as the first piece of a larger redevelopment plan.

SunShine Car Wash is planning a new facility at the southeast corner of Poplar Avenue and Colonial Road, on land the company’s owners recently acquired. Last month a group called BCH Investments LLC bought three parcels – 4811, 4825 and 4831 Poplar Ave. – for $1.4 million.

9. Another Black Eye for Commercial Real Estate - Monday, August 24, 2009

Commercial real estate sales suffered yet another decline in July as the ongoing economic crisis and tightened lending landscape continued to wreak havoc on the market.

Just 45 sales were made last month in Shelby County, down 24 percent from 59 sales in July 2008 and even down 15 percent from 53 sales in June, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.