Posted August 26, 2018 09:11:50 Tesla Motors, the world’s largest electric carmaker, has agreed to a lease agreement with the Florida Land Trust for $9,200 a month for a two-bedroom, three-bathroom apartment in the Keys.
TESLA leased the property in the city of Jacksonville, Florida, from developer and owner of the company, Elon Musk.
The lease was announced in a press release from the Florida Department of Agriculture and Consumer Services.
The property, located at the intersection of Bayfront and Florida Avenue, was previously owned by the Palm Beach County Land Trust, which owns and manages land in Jacksonville.
The Florida Land Exchange and the Florida Fish and Wildlife Conservation Commission will oversee the lease.
The Land Trust has been a tenant in the building since 2006.
Tesla says it will provide services to the property, including tenant security and pest control.
The lease also includes an option for the property to be sold at the end of 2021 for $25.9 million.
The deal is the latest in a string of deals involving Tesla, which has had an extensive leasing program in the United States and in Europe, including the $1.6 billion deal to lease a second Tesla Model 3 production facility in France.
Tesla’s U.S. operations have expanded into Germany, the United Kingdom, Australia, South Africa, and Japan, as well as the U.K. and Spain.
In July, Tesla announced it had purchased a 51% stake in a new electric vehicle charging station in the Ueskoe River in South Africa.