The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
October 21, 2020
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
AZ Tesla Facility Sells for $340/sf


A 41k sf facility in Scottsdale, AZ occupied by Palo Alto-based Tesla traded hands in a $13.95 mil ($340/sf) transaction. The property, located at 8300 East Raintree, is a free-standing service and delivery facility located in the heart of the Scottsdale Airpark. The landlord and Tesla substantially upgraded the property for vehicle repair, vehicle storage and new vehicle pickups by customers throughout the state.

With frontage and signage along Raintree Drive, 8300 East Raintree is one of the largest and most innovative Tesla locations in Arizona. The property is surrounded by some of Phoenix’s most prestigious mixed-use developments, which lies one-mile east of Scottsdale Quarter and Kierland Commons and adjacent to the Raintree and the Loop 101 interchange.

Michael Kitlica, Chuck Klein, Eric Wichterman and Michael Coover of Cushman & Wakefield negotiated the sale transaction on behalf of the seller. The buyer was Sunrise Investment 8300 LLC.

“Tesla selected this facility for its unique zoning, recognizable address and irreplaceable location to service the greater Scottsdale/Phoenix area. This facility represents the largest investment Tesla has ever made in the state of Arizona,” said Kitlica.

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media