TUCSON, ARIZONA – A disaster relief company through an affiliate business, R&R Holdings, LLC purchased 12.64 acres of land with a 4,000-square-foot building at 7777 East Valencia Road in Tucson for $1.4 million ($2.54 PSF) for land value.
The buyer is a New York based company that will use the property for emergency equipment. In the event of emergencies or disasters, including all natural, technological, intentional, and terrorism risks, emergency management will often need temporary facilities for responders, incident management, critical infrastructure operations, and displaced populations. With a ready inventory of quick response assets and heavy transportation capabilities is ready to respond anytime, anywhere, with nine locations across the United States, including headquarters in New York, along with Texas, Mississippi, and now Tucson Arizona.
Customers include Department of Defense and FEMA as well as multiple state entities, commercial companies, and special event production companies.
Tate Gunning with Commercial Properties in Tempe represented the buyer. Curt Stinson with Engel & Völkers of Tucson represented the seller, Laurence Harvey in the transaction.
“This was one of those rare transactions that progressed easily start to finish,” said Gunning. “Our client fights against national disasters with an expert team of logistic management specialists. During the escrow the client was in Louisiana aiding residents suffering from Hurricane Ida. They will use the facility as a staging yard for heavy equipment, which will defend Arizona from any unforeseen emergencies.”
The buyers were attracted to the property for its strategic location between Phoenix and Mexico.
For more information, Stinson can be reached at 520.954.5800 and Gunning is at 480.286.9761.
To learn more, see RED Comp #9206.