TUCSON, AZ (October, 18, 2024) The industrial property at 4752 S. Tennessee Pl consisting of approx. ¼ acre land and a 2,000 square foot 40’x50’ building sold to Alliance Asphalt for its operations.
The gated lot has double gates, 3-phase power, an 8’x10’ office with full bathroom and kitchen area inside the metal building with an exit to the yard.
The asset sold for $275,000 ($137.50 PSF) and closed on October 15, 2024.
Batoun Herrington, CCIM, CPM® of Branel Real Estate represented the buyer, Motley Two Capital, an affiliate of Alliance Asphalt, in the transaction.
In a separate transaction, 4562 N. 1st Ave. Suite #120, a 1,242-square-foot office condominium at Rillito Business Park, at First Ave south of River Road in Tucson
The asset sold for $305,000 ($246 PSF) and closed on October 16, 2024.
Batoun Herrington, CCIM, CPM® of Branel Real Estate Company, represented the seller. The buyer was self-represented in this transaction.
For more information, Herrington should be reached at 520.524.5248 or Branel Real Estate Company, LLC - Tucson Commercial Listings & Brokers.
To learn more, subscribers can refer to RED Comp #11531.