A Kia dealership property on Florida's Space Coast has changed hands for more than $15 million, according to county records, capping off a busy spring run of auto lot deals in the region.
The sale shifts ownership of the Jackson Kia site in Cocoa to Ocala-based Jenkins Auto Group, extending a growing footprint for the buyer along the Space Coast.
As reported by Orlando Business Journal, Brevard County property appraiser records show the dealership parcel traded for just over $15 million. The outlet also noted this is only the second recorded sale of the property since the site was first developed for the dealership.
Jenkins Expands On The Space Coast
Jenkins Auto Group finalized the deal in mid‑May, according to a press release from The Presidio Group reproduced by Digital Dealer. The transaction included both the dealership operations and the underlying real estate, with Presidio serving as the exclusive adviser to seller Jackson Automotive Group.
The Cocoa acquisition continues a run of regional expansion for Jenkins, which has been picking up additional nearby stores as it builds out its Space Coast presence, according to CityBiz and other trade outlets.
Why Dealers Are Buying
Industry advisers say dealer groups are still chasing regional density and scale in growth markets like Florida, where steady in‑migration and solid vehicle demand keep strong-performing stores in high demand. Owning the real estate, not just the franchise, remains a key part of that playbook.
What It Means Locally
Jackson Automotive framed the Cocoa sale as a strategic move rather than a retreat from the brand. The company said the existing team would remain in place, and Jim Jackson III added, “Our commitment to Kia remains strong,” in the Presidio statement reproduced by Digital Dealer.
The companies did not disclose financial terms in their own announcement, which leaves the Brevard County records cited by Orlando Business Journal to supply the sale figure.
Jenkins Auto Group, based in Ocala, operates multiple dealerships across central Florida, according to its website. The Cocoa deal underscores how control of auto‑retail real estate continues to be a central lever in dealer consolidation strategies across the region.
