Real estate news: Tesla Collision Center property in Irvine sells for $21M

The 35,616-square-foot building that’s home to a Tesla Collision Center in Irvine sold May 28 for $21 million.
SRS Real Estate Partners said Tesla has a 10-year triple net lease with options to extend at 18011 Mitchell South.
The seller was North Palisade Partners, a Los Angeles-based developer. The buyer, Np Mitchell LLC, was represented by Costa Mesa-based Tidemark Real Estate.
SRS Capital Markets Senior Vice President Pat Weibel said the property offered up a well-known tenant in &