A former auto dealership property in Virginia Beach has a new owner.
Best Buy Wheels purchased a 3,904-square-foot former auto dealership from BT Associates LLC for $1.5 million to operate as a second location for its auto dealership. The property, located at 1305 Oceana Blvd., was formerly Bay Shore Used Auto Sales.
Clay Willis and Brett Sain, of Cushman & Wakefield | Thalhimer, handled the sale negotiations on behalf of the seller.
A Hyundai sales and service facility is coming to Roanoke County, car dealership group Southern Team Automotive Group announced Tuesday.
The 30,000-square-foot facility will be located at 7300 Williamson Road in the Hollins area in northern Roanoke County. The two-story showroom and facility will have DC fast-charging stations for electric vehicles. Construction is set to begin in spring, with an expected completion by this winter.
This project is the 10th expansion of Roanoke County-based Southern Team Automotive Group in the last 33 years.
“Southern Team has been honored to provide the best in Hyundai sales and service to the Roanoke Valley and Southwest Virginia now for 33 years,” David Dillon, Southern Team president and general manager, said in a statement. “We are excited to announce that we will bring the latest Hyundai facility design experience and the newest technology to our Hyundai owners with this new showroom.”
Southern Team Automotive Group opened a Hyundai franchise in Roanoke County in 1988 and now offers new cars from Hyundai, Nissan, Subaru and Volkswagen.
Virginia Beach-based Checkered Flag Auto Group announced Tuesday that it has purchased the Pomoco Chrysler, Dodge, Jeep, Ram, Alfa Romeo and Fiat dealership in Newport News.
The acquisition is the company’s first dealership on the peninsula and its first to include U.S. automotive brands.
Checkered Flag Auto Group consists of 10 other dealerships in the greater Hampton Roads region selling automotive brands including Toyota, Honda, Hyundai, Genesis, Volkswagen, Audi, BMW, Porsche, Land Rover and Jaguar.
Founded by Ed and Jean Snyder in 1964, Checkered Flag has about 600 employees and is run by the late couple’s son, Steve Snyder, the company’s president.
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