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5/15/15
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Tesla Motors inked a seven-year lease for a new, 23k sf dealership in Buena Park. Tesla has already taken possession of the site and will be making significant improvements to effectively sell and service its premium electric vehicles. The new dealership opening is anticipated for this summer.
The property is located on just over 2.5 acres at 6692 Auto Center Dr, within the Buena Park Auto Center. The site is positioned prominently within the center and is highly visible from both directions of the 5 Fwy, with immediate accessibility from the Beach Blvd exit. Adjacent vehicle franchises include Mercedes Benz, BMW, GMC, Toyota, Nissan, Honda, Ford and Chevrolet.
Jodi V. Meade of Avison Young represented the building owner, RST Associates LLC, and assisted Tesla Motors Inc in finalizing the lease negotiations.
“This is the second full-service dealership location I have worked on in Southern California with Tesla,” comments Meade. “The company is a rapidly expanding automaker with its line of high-end electric vehicles, and this site will be transformed from a traditional dealership format to a very exciting new showroom concept and service center, designed to meet the needs of this new and innovative automotive technology.”
Meade previously handled leasing of 6692 Auto Center Drive on behalf of her clients, Premier Chevrolet and General Motors, as a temporary location while their five-acre dealership was being developed within the Buena Park Auto Center. Premier Chevrolet relocated to the new store in October of 2014 and 6692 Auto Center Drive was marketed for lease. Shortly after being placed on the market, Tesla Motors, a manufacturer/dealer with which Meade had worked with in 2014, was identified as an ideal candidate for the property.
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