1010 N Finance Center Office Building Sells for $3.2 Million

This article has been archived, please login for access or subscribe now by going to the subscribe tab at the top of page.

BP 1010 Investors, LLC, an affiliate of local investor Bourn Companies (Don Bourn) purchased the property at 1010 N Finance Center Drive in Tucson for[mepr-show rules=”58038″] $3.2 million ($64 PSF). The two-story class-A office building (built 1987) is approximately 49,900-square-feet and is located near the southeast corner of Speedway Blvd and Kolb Road on 3.18 acres with god visibility and mountain views.

The building was 34% leased when it sold, with multiple tenants, and 32,800-square-feet available. Located in the Gateway Center Business Park, the property has great accessibility to retail and restaurant amenities along the well-travelled Speedway and Kolb corridor.

The seller was an investment group, B.J.R. Investments of Tucson (Christopher Sheafe, Director) which built and have owned the property since 1987.

There were no real estate brokers involved in the sale. The transaction was financed by Alliance Bank. Property is being leased by David Montijo and Jeff Casper of CBRE in Tucson.

For more information, Bourn can be contacted at (520) 323-1005. Montijo should be reached at (520) 323-5136 and Casper is at (520) 323-5181.

Sale date: 10/31/2013. Sale Price: $3,175,000. Buyer paid $1,866,633 down and financed the balance. Asking lease rate is $18.50 / Full Service. APN: 133-23-134.

[/mepr-show]