An Orlando attraction, I-Drive NASCAR, listed its more than four-acre property for sale recently, but company officials said Thursday they don’t intend to sell.
The listing with CBRE real estate brokers came as the NASCAR-licensed indoor karting facility faced new competition from the sprawling $32 million Andretti Indoor Karting facility that opened in September, just a couple miles down the road on Universal Boulevard.
The online listing for the property, 5228 Vanguard Street, disappeared shortly after the Sentinel called I-Drive NASCAR about it.
“It’s not for sale,” said Alejandro Pezzini, COO of the facility’s owner. “We listed it just to see what kind of offers we might get, what the market is like.”
The company bought the former warehouse and 4.59 acres in 2011 for $3.4 million, and performed a renovation of about $3.5 million, according to court records.
The NASCAR facility has 88,100 square feet of indoor space, including the track and an event space. That compares to 150,000 square feet at Andretti.
Pezzini acknowledged that his company was concerned about competition from Andretti when it opened, but he said business has been good the last few months.
“Tourism is so strong in Orlando right now, and we’re benefitting from that,”
The owners of I-Drive NASCAR are the same or similar to AMP Group, and the owners of Perfumeland Megastore. The property owner is a separate LLC with similar owners also, AAZAPA LLC.
I’m a newspaper reporter looking for business news: firstname.lastname@example.org or 407-420-5660; Twitter is @PaulBrinkmann
Powered by RFPRADIO.COM