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