Tesla facility in Loveland likely to open in July, new owner says
LOVELAND — A commercial real estate manager in Miami acquired the former Davidson-Gebhardt Chevrolet dealership in central Loveland late last week for just more than $10.44 million as the site moves toward reopening as a maintenance facility for vehicles made by Tesla Inc. (Nasdaq: TSLA).
Miami Spaces LLC president Steve Rhodes acquired the property at 1604 N. Lincoln Ave. through a subsidiary company in a deal that closed May 4, according to Larimer County property records. The seller was Drake Real Estate Services LLC, a retail developer based in Denver.
The sale amounted to a premium of more than $8.61 million over…
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