TUCSON, Arizona – The former FedEx Distribution building at 777 E MacArthur Circle sold for $4.305 million ($37.79 PSF). The 113,920-square-foot building (build in 1985) on 5.96 acres was purchased for investment by MacArthur Investments, LLC (Robert Assenmacher, member).
Brandon Rodgers, SIOR, CCIM with Cushman & Wakefield | Picor represented the buyer and has the leasing contract for the building.
Rodgers says there is a single tenant looking to lease the building, but if not, then the buyer is prepared to divide it into smaller spaces to lease. Zoned heavy industrial, the property has 27 docks and 6 drive-in doors. Two 480V services, one with 900 amps and the other with 1,300 amps for power.
The seller was US Bank Association that sold the property at Auction.
The property has been vacant since 2015 when FedEx Ground left to build a new 210,440-square-foot facility to accommodate the increased daily package volume and further enhance the speed and service capabilities of the FedEx Ground network. See Real Estate Daily News for full story here FedEx Ground Building 210,440 SF Logistics Center in Tucson
For more information, Rodgers should be contacted at 520.546.2714.
To learn more, see RED Comp #6735.