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Southern California Tesla building trades amid EV industry challenges

Irvine collision facility sells for premium following renovation
The 35,616-square-foot Tesla Collision Center between Irvine and Newport Beach drew bids from a wide range of investors. (SRS Capital Markets)
The 35,616-square-foot Tesla Collision Center between Irvine and Newport Beach drew bids from a wide range of investors. (SRS Capital Markets)

A renovated Tesla Collision Center in California's Orange County has changed hands in a $21 million transaction that underscores continued investor demand for real estate tied to the electric vehicle industry, despite recent headwinds.

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