The property is an ideal site for Tesla in line with the company’s site selection criteria. The site offers strong intrinsic value due to its strategic, highly accessible location near major transportation corridors, including Interstate 215 (203,000 AADT*) and Interstate 10 (185,000 AADT*). Tesla has found that such locations benefit from easy access and drive increased demand in the markets in which they are located. Additionally, Tesla’s collision centers represent a highly profitable segment of its business. Given the size of the Greater Los Angeles market and its EV-friendly infrastructure, Tesla has had a growing need to introduce additional Collision Center locations to keep up with demand. In addition, Tesla has observed a strong correlation between the addition of new Collision Center and Sales, Service & Delivery locations in a market and increased demand for Tesla vehicles.