O’Connor Capital Partners has sold a two-property portfolio of Tesla sales, service and delivery facilities in Gainesville, Fla., and Kissimmee, Fla., for $49.47 million.
JLL Capital Markets represented a New Jersey–based private family in acquiring the fully leased assets from the New York– and Florida-based development and investment firm.
The portfolio includes a Tesla facility at 2501 N. Main St. in Gainesville and a facility at 2935 N. Orange Blossom Trail in Kissimmee. O’Connor Capital Partners completed the build-to-suit development of both properties on behalf of Tesla.
Both assets operate under net-lease structures, with Tesla responsible for taxes, insurance and maintenance. The facilities reflect Tesla’s expanding footprint in Florida, which ranks second nationally in Tesla purchases.
The Gainesville property is located 2.5 miles from the University of Florida, which has more than 55,000 students and 17,000 faculty and staff. The site
