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Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Carvana Planning Two Industrial Facilities on the South Side

Car-buying platform Carvana appears to be planning a couple of local projects on the South Side at 11245 Old Corpus Christi Road.

Carvana bought the nearly 60-acre property earlier this year from seller CXA Corp., an entity tied to the same address as Plano-based investment firm CSG Investments Inc., an affiliate of Beal Financial Corp., also based in Plano.

The sales price was undisclosed, but the property holds an assessed value of $12.9 million, according to the Bexar County Appraisal District.

Plans include an estimated $3.76 million renovation of an existing building for a 94,000-square-foot inspection facility, as well as an estimated $9.34 million for a 61,117-square-foot paint and detail building.

Founded in 2012, Carvana competes with the traditional dealership model through online sales and financing. It has more than 55,000 vehicles in its national inventory and serves customers in more than 300 markets.

The company has one “car vending machine” location in San Antonio at 5435 N. Loop 1604 W.

Click to read full article Carvana appears to be planning $13M-plus in SA facilities (San Antonio Business Journal, 11-17-21)

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