Kingsbarn Acquires Tesla Sales and Service Center in Lake Elmo, Minnesota
Tesla’s new sales and service center, located in Lake Elmo, Minnesota ● Photo Credit: Kingsbarn Realty Capital
LAS VEGAS, July 2, 2024 (VSNewsNetwork.com) - Kingsbarn Realty Capital has announced the acquisition of Tesla’s new sales and service center located at 9800 Hudson Boulevard, Lake Elmo, Minnesota. Recently completed in 2024 and designed for Tesla, Inc., the property consists of approximately 50,000 rentable square feet. It features a minimalist, open-concept design, including a service and maintenance area, design studio, customer lounge, and administrative offices. Serving the Minneapolis-Saint Paul metro area, the property is one of only five Tesla sales and service centers in the region.
“Kingsbarn is very pleased to add our second Tesla-leased investment property to our portfolio,” stated Jeff Pori, CEO of Kingsbarn. “We intend to offer Delaware Statutory Trust (DST) interests to private investors as a simplified 1031 exchange solution through the purchase of shares. With its dominant position in the electric vehicle market and its consistent breakthroughs in battery and autonomous technology, Tesla is a strong, solid tenant in today’s market.”
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles and energy generation and storage systems in the United States and internationally. As of May 2024, Tesla has a market cap over $574 billion and is considered one of the world’s most valuable companies with investment-grade credit.
For further information, visit www.kingsbarn.com.
Source: Kingsbarn Realty Capital via Newswire
