TUCSON, AZ (October 16, 2025) — Basileus Capital, LLC has purchased a 5,867-square-foot South Tucson industrial building located at 3231 E. 46th Street in Tucson for $650,000 ($111 PSF). The property was sold by Xtremeone, LLC. Paul Hooker, SIOR, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller, while Susan McCall of Commercial Property Connect, LLC, represented the buyer.
The freestanding building is situated in Tucson’s South Industrial submarket, an area known for its proximity to I-10, Tucson International Airport, and major distribution corridors along Palo Verde and Irvington Roads. The property offers flexible warehouse and office space, multiple grade-level doors, and secure fenced yard storage — features ideal for light industrial, service, or logistics-oriented users.
The sale underscores continued interest from private investors and owner-users seeking smaller, well-located industrial assets in a tightening market characterized by low vacancy rates and steady rental growth. South Tucson’s industrial corridor has seen increased absorption in 2025 as businesses expand operations to serve the growing manufacturing, construction, and logistics sectors tied to regional supply chain growth.
According to Hooker, the property’s functionality and access made it an appealing acquisition for Basileus Capital, which plans to reposition the building for specialized industrial use.
“Demand remains strong for small to mid-sized industrial buildings under 10,000 square feet,” Hooker said. “These properties rarely stay on the market long, particularly in central locations with easy freeway access.”
For more information, Hooker can be reached at 520.546.2704, and McCall is at 480.452.6731.