January 9, 2023
Carvana, an e-commerce platform for buying and selling used cars online that offers a car vending machine, has sold a rail-served site in Surprise, Arizona to an industrial developer, indicating that plans for a $65 million reconditioning and inspection center at the site aren't likely, according to an abc15.com report. As previously reported, the company faces an uncertain future.
The company had purchased a 150-acre industrial site in 2021 to build an inspection center for $25 million in Surprise's industrial core.
Last month, Merit Partners, a Phoenix based developer, bought the site for $40 million in an all-cash deal, according to Vizzda, a retail database.
Sources said Carvana will not build a 200,000-square-foot center, which was expected to create 500 to 800 jobs.