SOLD - Hornburg Jaguar Land Rover, Santa Monica

SOLD BY:

Dermot Brennan, President, Pendragon North America Automotive

FACILITATED BY:

Brady Schmidt and Gary Mull

REGION:

West

BUYER:

Redwood Automotive

"This legacy JLR dealership (Hornburg) had been in the same location on Sunset Blvd in Los Angeles for nearly70 years, in the #1 automotive market in the country, and was consistently ranked a Top 10 JLR store in the nation.

At the time of the listing, the dealership was in the middle of a significant construction project for a new JLR store, close to the Wiltshire Blvd corridor in one of the most dynamic economies in the US.

The transaction needed to include construction contracts and financing for a project already in mid build, in addition to the existing operational dealership and usual assets.
NBB took a  highly complicated transaction, provided a top class buyer which allowed buyer and seller to complete a successful close."

–Dermot Brennan, President, Pendragon North America Automotive

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