TUCSON, ARIZONA – The Beneto Family Trust of Polsom, CA sold the Trucking Terminal at 3920 E Illinois in Tucson for $1,005,850 ($157 PSF). The investor was also from California, Paul Beckwith of Moraga, CA.
Built in 1999, the 6,400-square-foot metal building on 2.49 acres is a key logistical property to the energy industry as inventory for heavy industrial zoned property is at an all-time low and the energy industry is arguably as key as it has ever been.
The property sold as a leased investment with KAG (Kenan Advantage Group) as the tenant. Kenan Advantage Group is North America’s largest tank truck transporter and logistics provider, delivering fuels, chemicals, specialty products, food products, and industrial gases through unique operating platforms. KAG Logistics provides industry-leading transportation management solutions and value-added logistics services designed for the fuels, renewable energy, chemicals, specialty products, food and merchant gas supply chains across North America. KAG operates out of approximately 300 terminal and satellite locations throughout North America. Kenan Advantage Group is the only independent fuels delivery carrier with a nationwide network, with operations in 40 states and the ability to deliver within all 48 continental United States, Canada, and Mexico.
Max Fisher with BRD Realty of Tucson represented the seller. Jeff Post with Kidder Matthews of Sacramento, CA represented the buyer.
For more information, Fisher should be reached at 520.465.9989.
To learn more, see RED Comp #9890