A company affiliated with Charlotte dealership Formula One Imports has purchased a piece of property on Independence Boulevard.
Braun Motorsports LLC, affiliated with Formula One Imports’ owner Jeff Tomascak, paid $1.44 million for the dealership at 7511 East Independence Boulevard, according to Mecklenburg County real estate records. The deal closed Tuesday.
The property, which totals 1.25 acres, is currently occupied by Ride Now Motors.
Formula One Imports is a member of Braun Automotive Group. The company is currently located closer to uptown, at 5371 East Independence Boulevard.
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Will Whitley, a partner at New South Properties, represented Formula One Imports in the transaction.