PEBB Enterprises completed the $9.12 million sale of a new Tesla Service Plus location in Maplewood, Minnesota. This is the firm’s third successful disposition of a Tesla facility.
The 18,787-square-foot facility is located on 3.12 acres at 2590 U.S. Highway 61. The Tesla Service Plus was completely renovated in 2019. Tesla is under a long-term lease at the property.
The transaction closed on Dec. 22, 2020. The seller was represented by Deb Vannelli from Upland Real Estate Group and Adam Friedlander from NNN Properties, LLC.
PEBB originally purchased the project site for $4 million in December of 2017.
The firm has developed Tesla sites in North Carolina, Florida, Minnesota and Pennsylvania.