Thursday, February 21, 2019

Tesla Cleveland property for sale at $6 million


Tesla Building, 5180 Mayfield Road, Lyndhurst, OH

  NEW YORK, NY – B+E, the first tech-driven brokerage and trading platform for net lease real estate, announced that the Tesla retail property located at 5180 Mayfield Rd., Lyndhurst, Ohio, is for sale for $6,000,000.

The building is +/- 23,428 SF on +/- 2.9 acres of land and includes parking.  The property carries a cap rate of 6% with a long term, net lease in place.

Tesla is set to deliver as many as 400,000 vehicles worldwide this year, roughly four times what it sold two years ago,” said Spencer Henderson of B+E“With a market cap over $57 billion, Tesla is the third most valuable automaker in the world and this is an excellent investment opportunity with a marquee brand name. 

The property is situated in close proximity to many of Cleveland’s top suburbs and is the only Tesla dealer in Cleveland, and one of two Tesla service centers in Ohio.”

Contact:

John Vita
John Steven Vita Communications
847/853-8283


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