Lucky Property One LLC, a local commercial property investor, recently bought more than nine and a half acres along Airport Freeway, Story Road and Ferguson Court that includes the former Metro Volkswagen dealership.
Plans are for the facility to continue automotive operations under Bayshore Group Inc. and Sam Juma’s Auto Haus Imports.
The property includes more than 63,000 square feet of related automotive facilities.
In conjunction with the transaction, Group 1 Realty also sold an adjacent two-plus acres of unimproved land to Bayshore Group.
Bill Bledsoe, senior vice president in the Land and Investments Division at Henry S. Miller Brokerage, represented Lucky Property One. Bill de la Chapelle and Sharon Cramer with Rubicon Representation represented the seller, Group 1 Realty, Inc. of Houston.
According to Bledsoe, the Mid-Cities markets, and especially Irving, has experienced significant growth since 2018. Automotive operators, both retail dealers and service and body shops, have been active in their searches for new locations and enhanced facilities to accommodate growth of their local operations.
Originally posted on Auto Dealer Today
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