K Nardelli Building, LLC of Tucson (Vic Williams, manager) bought the multi-tenant Tucson office building at 1636 North Swan Road in Tucson for $1.275 million ($113 PSF). The 11,312-square-foot multi-tenant building shares a charming court yard with the adjoining building owned by the American Cancer Society.
The Class-B office building built in 1983 was reported to be in good condition with views of the Catalinas, signage and reserved covered parking available. It was 86% occupied at time of sale, with approximately 1,600-square-feet in two suites available.
The seller, Swan Office Properties, LLC (Gary Jackson, manager) is based in Mesa.
Ian Stuart, Vice President, Michael Sandahl, Senior Vice President and Wyatt Campbell, Specialist all with CBRE in Tucson represented the seller in the transaction.
Williams, also a licensed real estate agent with the Carlier Company in Tucson, was self-represented, in this upleg in a 1031 exchange. Williams says he is interested in more investments like this that would fit his Arizona multi-tenant office / retail portfolio. Since 1995, Williams has self-managed an investment portfolio consisting of multifamily, office, retail and industrial properties in California and Arizona.
To learn more Stuart should be called at (520) 323.5180, Sandahl is at (520) 323.5115 and Campbell can be contacted at (520) 323.5173. For leasing information Williams should be reached at (520) 390.9946.