Former Metro Volkswagen in Irving, TX Sold to Local Investor: Adjacent Property Sold to Facilitate the Transaction
(Irving TX) Bill Bledsoe, Senior Vice President in the Land and Investments Division at Henry S. Miller Brokerage, represented Lucky Property One, LLC, a local commercial property investor, in the purchase of 9.67+/- acres along Airport Freeway, Story Road and Ferguson Court. The property includes more than 63,000 square feet of related automotive facilities. Bill de la Chapelle and Sharon Cramer with Rubicon Representation represented the seller, Group 1 Realty, Inc. of Houston. Plans are for the facility to continue automotive operations under Bayshore Group, Inc. and Sam Juma’s Auto Haus Imports.
In conjunction with this transaction, Group 1 Realty also sold the adjacent 2.65+/- acres of unimproved land to Bayshore Group. According to Mr. Bledsoe, the Mid-Cities markets, and especially Irving, have experienced tremendous growth since 2018. Automotive operators, both retail dealers and service and body shops, have been active in their search for new locations and enhanced facilities to accommodate the explosive growth of their local operations.
About Bill Bledsoe
Bill Bledsoe, Senior Vice President in the Land and Investments Division at Henry S. Miller Brokerage in Dallas, advises clients in the acquisition and disposition of urban land, with a special focus on investment and income producing properties. He is also an automotive properties specialist. Previously an owner and manager of automobile dealerships in Dallas-Fort Worth, Bill is knowledgeable in dealership facilities redevelopment, leasing and business expansion, which includes site selection and the disposition of related property. Bill began working at the Henry S. Miller Company in 2011 and was named #1 Top Producer for 2016, and consistently ranks as a Top Producer.