Automotive Properties REIT buys Rivian facility in Vista, California for US$16 million

Rivian Automotive +1.25%

Rivian Automotive

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  • Automotive Properties REIT completed acquisition of Rivian sales, delivery, service facility in Vista, California for USD 16 million.
  • Property totals 59,828 square feet on 3.75 acres.
  • REIT also closed purchase of two dealership properties in Santa Ana, California for USD 30.15 million.
  • Santa Ana sites are leased to Penske Automotive Group affiliates under mid-term triple-net leases with CPI-linked renewals.
  • Transactions were funded through draws on revolving credit facilities.


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