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| Deborah K. (Deb) Vannelli |
MAPLEWOOD, MN – PEBB Enterprises, the entrepreneurial private real estate investment firm based in South Florida, completed the $9.12 million sale of a new Tesla Service Plus location in Maplewood, Minnesota. This is the firm’s third successful disposition of a Tesla facility.
The 18,787 square-foot facility is located on
3.12 acres at 2590 U.S. Highway 61. The state-of-the-art Tesla Service Plus was
completely renovated in 2019 and is strategically situated among dealerships of
many of the world’s most prominent automotive brands.
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| Adam Friedlander |
Tesla is under a long-term lease at the property, which provides for a wide trade area for both vehicle sales and service needs.
The transaction closed on Dec. 22, 2020. The
seller was represented by Deb Vannelli from
Upland Real Estate Group and Adam Friedlander from NNN Properties, LLC.
PEBB originally purchased the project site for
$4 million in Dec 2017.
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| Ian Weiner |
Earlier this year, PEBB closed on the $12.87
million sale of a newly developed Tesla Service Plus in West Palm Beach,
Florida.
“It has been exciting for our firm to continue our
successful relationship with Tesla,” PEBB Enterprises President and CEO Ian
Weiner said. “We are always looking for new opportunities to diversify our
nationwide real estate portfolio and are extremely grateful to work with such
an innovative company.”
PEBB also recently opened a Tesla Service Plus
in Raleigh, North Carolina. Located on 3.46 acres at 7101 Glenwood Ave., the
new facility totals 38,745 square feet.
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| Tesla Service Plus, Maplewood, MN |
It benefits from having access to a daytime population of more than 1.24 million within a 15-mile radius and is near other vehicle-related tenants, shopping centers and major retailers.
The firm has developed Tesla sites in North
Carolina, Florida, Minnesota and Pennsylvania.
CONTACT:
Eric Kalis
954-370-8999
Daniel Benjamin
Senior Account Executive
BoardroomPR
O 954-370-8999
C 954-618-8287
Bank of America Plaza | 1776 N Pine Island
Road
Suite 320 | Fort Lauderdale, FL 33322
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