Tesla is reportedly expanding its presence in Los Angeles with a new lease on 131,000 square feet of space on four acres of land near the 90 Freeway and the ocean in Marina del Rey. Tesla’s lease runs at least seven years and is valued at about $30 million, according to a report from real estate news site The Real Deal.
According to the report:
Sources speculated Tesla’s Marina del Rey lease could be for a repair center, a delivery point or a production facility. While the company has a showroom in nearby Santa Monica, it lacks a delivery point in the area for the Model 3 cars it is planning to roll out, sources said. Having a repair stop near the highway would reduce long wait times for parts.
The report says a permit was filed with the Department of Building and Safety on Sept. 18 for a sign on the building that says “Tesla.”
According to the report:
Sources speculated Tesla’s Marina del Rey lease could be for a repair center, a delivery point or a production facility. While the company has a showroom in nearby Santa Monica, it lacks a delivery point in the area for the Model 3 cars it is planning to roll out, sources said. Having a repair stop near the highway would reduce long wait times for parts.
The report says a permit was filed with the Department of Building and Safety on Sept. 18 for a sign on the building that says “Tesla.”
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