Tesla Retail Duo Sells in $50M Deal
A JLL team represented the buyer.
O’Connor Capital Partners has sold a two-property, 107,850-square-foot retail portfolio for $49.5 million in Florida. A New Jersey-based private family purchased the assets with the assistance of JLL.
Tesla fully occupies the buildings located in Gainesville, Fla., and Kissimmee, Fla. O’Connor Capital Partners developed both properties as built-to-suit projects.
The facilities are part of the automotive company’s expansion into Florida, a state ranking second in the U.S. for Tesla sales.
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The first property is a 50,000-square-foot facility at 2501 N. Main St., with 13 other car dealerships within a 1-mile radius. The location is close to Interstate 75 and Gainesville Regional Airport.
Tesla opened its service, delivery and sales unit here in 2025. The facility features a retail showroom, 15 service bays and 10 wall chargers and collision repair capabilities to support the growing EV demand in North Central Florida area.
The second property is at 2935 N. Orange Blossom Trail. Totaling 57,000 square feet, the building came online on a 5.4-acre site in 2024, according to Yardi Matrix information. Located near Florida Turnpike and Florida State Road 417, the facility is 11 miles from Orlando International Airport, while the city’s downtown is within 19 miles.
As of December 2025, Tesla had more than 300 U.S. locations, comprising stores, galleries and service centers, across 42 states. The Sunshine State ranked third, with 30 such facilities, following California (72 locations) and Texas (33 locations).
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