Reporting
Reporting
Filed 20 Aug, 15:28 · news.google.com
Curated by The Musk Wire editorial team
Real estate investor Ben Mallah has reportedly purchased a building housing a Tesla dealership for $22 million. According to Mallah's public statements, Elon Musk's Tesla organization is now leasing the property, with monthly rent payments amounting to $100,000. This transaction highlights the significant commercial real estate holdings associated with major automotive brands and the financial arrangements underpinning their operations.
Such deals are common within the automotive sector, where manufacturers often lease prime retail locations to showcase their vehicles and services. The scale of the investment and the recurring rental income underscore the substantial real estate footprint required by large corporations like Tesla. This specific transaction offers a glimpse into the property market dynamics influencing high-value commercial leases involving globally recognized companies.
“Ben Mallah reveals he bought a Tesla dealership building for $22,000,000 and Elon Musk now pays him $100,000/month in rent…”
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