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Full coverage· Economy· Updated

Family Sells 100-Year-Old Gas Station for $8.5 Million

A family has sold a century-old gas station complex at the Nachshon interchange for 31.5 million shekels to Delek Israel and Delek Neksasim. The buyers plan to build a 1,500-2,000 square meter commercial and dining complex on the site. The sale is expected to provide the buyers with an annual return of about 8.5%.

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What happened

  1. 01A family sold a 100-year-old gas station complex for 31.5 million shekels.
  2. 02Delek Israel and Delek Neksasim purchased the station at the Nachshon interchange.
  3. 03The buyers plan to develop a commercial and dining complex on the site.
  4. 04The acquisition is expected to yield an annual return of approximately 8.5%.
  5. 05The station operated since the British Mandate era and was on the historic Jerusalem road.

The station has operated since the British Mandate era.

Translated and summarized by baba from N12, the latest report. Read N12’s original

The coverage

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