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Marcus & Millichap Arranges Sale Of Net-Leased Tesla Property

July 14, 2021

GLEN ALLEN, VA, July 14, 2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Tesla Store & Service Center, a 29,831-square foot net-leased property located in Glen Allen, VA, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $6,283,836.

Dominic Sulo, senior vice president, and Andrew Antoniou, associate, and investment specialists of The Sulo Group in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Sulo and Antoniou. Dawson Rinder assisted in closing this transaction as broker of record in Virginia.

Tesla Store & Service Center is located at 9850 West Broad Street in Glen Allen, Virginia near Interstate 64 in the Richmond metropolitan statistical area. The buyer was selected in the first week of marketing.

 

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About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.

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