North Palisade Trades Irvine Tesla Collision Center

North Palisade Trades Irvine Tesla Collision Center

SRS Real Estate Partners closed the $21-million sale of a 35,616-square-foot industrial property fully occupied by Tesla Collision Center located at 18011 Mitchell South in Irvine Tesla, Inc. has a 10-year, corporate-guaranteed triple net lease in place with options to extend. The transaction was led by SRS Capital Markets SVP Pat Weibel on behalf of the seller, North Palisade Partners. Mac Mace and Rob Rader of Topside Real Estate, who handled …

Irvine Building with Tesla as Tenant Sells for $21 Million - Orange County Business Journal

Steiner Investments, a 1031 exchange investor based in Costa Mesa, bought a 35,500-square-foot building in Irvine that’s fully leased to Tesla Inc. The flex property at 18011 Mitchell S. in Irvine sold for $21 million, or $592 per square foot. Los Angeles-based real estate development and investment firm North Palisade Partners was the seller. North Palisade Partners and Steiner Investments closed their deal on May 28, according to CoStar. Stein…