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HOUSTON — A Jaguar/Land Rover automobile dealership has sold for $11 million in Houston. Located at 18205 Interstate 45 North, the 37,646-square-foot dealership sits on 7.5 acres and is a single-tenant retail property. It is currently leased on a 12-year, triple-net basis guaranteed by Sonic Automotive, the third largest automotive group in the U.S. Christopher Maling and David Maling of Marcus & Millichap's Los Angeles office represented the seller, a Texas-based developer; while James Mitchell of Marcus & Millichap's Washington, D.C. office represented the buyer, a publicly traded corporation based in Charlotte, N.C. Brent Smith of Marcus & Millichap's Houston office also provided representation in the transaction.

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