TUCSON, Arizona — Cushman & Wakefield | PICOR Industrial Specialist, Brandon Rodgers, general partner in two buying entities recently purchased two industrial investment properties.

Friebus Investors, LLC purchased a 45,750-square foot industrial building located at 2301/2341 S. Friebus Ave. in Tucson, from Oak Properties for $1.75 million ($38.25 PSF).

Built in 1984, the property was 89% occupied at time of sale and not on the market when it sold.

Tenants include: Heating & Cooling Supply, Caring Transitions of Southern Arizona, Masterlink Communications, Paragon Instruments, and Eiger Sportsware.

In a second transaction, Forbes Investors, LLC purchased two industrial buildings located at 2002-2010 N. Forbes Blvd. in Tucson.   Comprised of 41,252-square-feet (built 1974), the property is located in the Broadbent Industrial Center and sold from Tucson North Forbes Ventures LLC, Red Bird Investments LLC and Scheer Investments LLC for $2.5 ($59.85 PSF).

Ron Zimmerman Industrial Specialist at Cushman & Wakefield | PICOR represented the sellers and Brandon Rodgers represented the buyer.

The property is a stabilized investment that sold 97% occupied with 4,000 SF was available at time of sale.

Tenants include national and local businesses:  Optisource, Amerita Labs, Comfort Systems, Classy Closeys, Burns Pest Control and Lecroy Milligan.

Rodgers is handling the leasing of both properties.

For more information, Rodgers should be reached at 520.546.2714 and Zimmerman can be contacted at 520.546.2755.

To learn more, login and see RED Comp #4481 and RED Comp #4522.

[mepr-show rules=”58038″] 2002-2010 N Forbes Blvd sold on 1/17/2017 for a precise sale price of $2,469,000 at an 8.8% stabilized cap rate.

2301-2341 S Friebus Ave sold on 1/30/2017 for $1,750,000 at an 8.3% cap rate.[/mepr-show]

TUCSON, Arizona — Berkadia completed the recent sale of The Enclave at the Foothills, a 300-unit multifamily property in Tucson, Arizona. Representing the seller, Senior Managing Director Art Wadlund and Associate Director Clint Wadlund of the Tucson office completed the $21.8 million sale ($72,666 per unit).

The deal closed on February 1 and represents the highest sale price and unit price this year for multifamily transactions in the metro Tucson market. This high sale is followed by the Peaks at Redington that was also handled by the Wadlunds at Berkadia.

Both located in Arizona, the seller was Scottsdale-based PEM Investments, and the buyer was HSL Properties, Inc. in Tucson.

“HSL was former owner of The Enclave, and is the current owner of the adjacent property, Catalina Canyon. This familiarity with the asset and location was a large factor in the buyer’s decision to purchase,” said Arthur Wadlund.

Built in 1986, The Enclave at the Foothills is located at 7300 N. Mona Lisa Road, affording convenient access to West Ina Road and North La Cholla Boulevard. The one-, two- and three-bedroom floor plans feature a full-size washer and dryer in units. Select units also include a fireplace and walk-in closets. Residents can enjoy community amenities, such as two swimming pools, a fitness center, a clubhouse, a spa and tennis courts. Top employers in the area include the Foothills Mall, Omni Tucson National Resort, Northwest Medical Center and Afni.

Contact Art Wadlund at 520.299.7200 and Clint Wadlund at 520.615.1100 for more information.

To learn more, see RED Comp #4519.

TUCSON, Arizona – Dallas-based Copart, Inc. (NASDAQ: CPRT) acquired the 6,200-square-foot building and 4.6-acre salvage vehicle sales facility at 5600 South Arcadia Avenue in Tucson, Arizona for $2.8 million where they have leased for several years from DP Auto Salvage of Tucson (David Parri, CEO).

Copart, founded in 1982, provides vehicle suppliers, primarily insurance companies, with a full range of services to process and sell salvage vehicles, principally to licensed dismantlers, rebuilders and used vehicle dealers, through Internet sales utilizing its proprietary VB2 technology.  Salvage vehicles are either damaged vehicles deemed a total loss for insurance or business purposes or are recovered stolen vehicles for which an insurance settlement with the vehicle owner has already been made.  The Company operates 150 facilities in the United States and Canada.  It also provides services in other locations through its national network of independent salvage vehicle processors.

Copart Tucson’s online vehicle auctions include lots that can be used by dismantlers, dealers, body shops, individual buyers looking for project cars and more. The public is also welcome to visit the Tucson location to examine the large variety of vehicles available for auction. The company also offers inspection services to make sure buyers have thoroughly covered off on exactly what has been purchased in the vehicle auction.

Copart Tucson is not limited strictly to auto sales either, it offers a wide selection of vehicles. Here you’ll find boats, RVs, ATVs, municipal vehicles, tractor trailers, industrial vehicles, motorcycles and other vehicle types.

Check out the auction list regularly to see the inventory Copart Tucson has available, including popular vehicle types of pick-up trucks, cars and SUVs with makes including Honda, Toyota, Mazda, Chevrolet, Dodge, Ford, GMC, Hyundai, Nissan and Lexus.

Registered Members even have the ability add vehicles to their Watchlist as a convenient way to keep an eye on those sought-after vehicles. Be sure to check in regularly to keep track of special inventory, including hail-damaged vehicles, exotics, flood-damaged and more at Copart auctions at the Tucson location.

Looking to find out more about Copart? Learn how to buy a vehicle here at their patented online vehicle auction of contact Copart in Tucson at 520.663.1900.

To learn more see RED Comp #4457.