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Home Finance Toronto’s Automotive Properties REIT Lands Santa Ana Audi, Volkswagen Dealerships for $30.15MM in Cross-Border Penske Net-Lease Play
FinanceIndustrialIndustry NewsLeasingOrange CountyRetail

Toronto’s Automotive Properties REIT Lands Santa Ana Audi, Volkswagen Dealerships for $30.15MM in Cross-Border Penske Net-Lease Play

May 15, 20263 Mins read1k
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The 61,000-square-foot Orange County acquisition closes at a $4.95 million discount to asking and extends the Canadian REIT's push into premium U.S. auto retail. A Toronto-listed real estate investment trust has quietly become one of the largest landlords on Santa Ana's premier dealership corridor, closing on a pair of Penske Automotive Group-leased properties for $30.15 […]

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