A McLean, Virginia-based real estate investment trust purchased the Umansky Motors property in Glendale for $13 million, according to state records.
The property has an assessed value of about $7.1 million, according to Milwaukee County records.
The sale was only for the real estate, not for the auto dealership business, which is still owned by Umansky Motor Cars.
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The 8-acre car dealership at 1400 W. Silver Spring Drive was owned by Memphis, Tennessee-based Umansky Properties WI, LLC. Capital Automotive, of McLean, purchased the dealership Feb. 24.
The company has more than 450 automotive franchise facilities in 37 states, according to its website.
