B+E, the first tech-driven brokerage and trading platform for net lease real estate, today announced that the Tesla retail property located at 5180 Mayfield Rd., Lyndhurst, Ohio, is for sale for $6,000,000.
NEW YORK, NY, February 20, 2019 /24-7PressRelease/ — B+E, the first tech-driven brokerage and trading platform for net lease real estate, today announced that the Tesla retail property located at 5180 Mayfield Rd., Lyndhurst, Ohio, is for sale for $6,000,000.
The building is +/- 23,428 SF on +/- 2.9 acres of land and includes parking. The property carries a cap rate of 6% with a long term, net lease in place.
“Tesla is set to deliver as many as 400,000 vehicles worldwide this year, roughly four times what it sold two years ago,” said Spencer Henderson of B+E “With a market cap over $57 billion, Tesla is the third most valuable automaker in the world and this is an excellent investment opportunity with a marquee brand name. The property is situated in close proximity to many of Cleveland’s top suburbs and is the only Tesla dealer in Cleveland, and one of two Tesla service centers in Ohio.”
B+E is a modern investment brokerage firm, specializing in net lease real estate and 1031 exchanges. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform comprising of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry. Complementing senior talent with exceptional technology, B+E’s proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value.
With offices in New York, Chicago, Tampa, and San Francisco, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.
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