Irvine Building with Tesla as Tenant Sells for $21 Million

Steiner Investments, a 1031 exchange investor based in Costa Mesa, bought a 35,500-square-foot building in Irvine that’s fully leased to Tesla Inc.

The flex property at 18011 Mitchell S. in Irvine sold for $21 million, or $592 per square foot. Los Angeles-based real estate development and investment firm North Palisade Partners was the seller.

North Palisade Partners and Steiner Investments closed their deal on May 28, according to CoStar…

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