TUCSON, Arizona — EastGroup Properties of Phoenix purchased 21.76-acres of industrial land at 2850 East Drexel Road in Tucson for $2.844 million ($3 PSF). The property is located southeast of Tucson Blvd and Drexel Road, in the Tucson Airport Commerce Center, near Tucson International Airport.

As owner/developer, EastGroup plans to construct a 300,181-square-foot ground-up, build-to-suit distribution facility for the garage door manufacturer, The Chamberlain Group. Currently located at 6020 S Country Club Road, Chamberlain was interested in expansion and will lease the property from EastGroup. Ground breaking is expected to occur start of Q2, with delivery anticipated towards the end of 2017.

A few of the manufacturing and distributing companies nearby include Intuit, Caid Industries, Pepsi Cola Bottling Company, Modular Mining, Raytheon, Lisa Frank, Britannia, Cobalt Partners, FedEx, and Solar Industries.

Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the buyer and landlord in the transaction. Bill Divito and Jesse Blum with CBRE in Tucson represented the seller, Diamond Ventures in the transaction.

Allen Rogoway with Cresa Chicago and Mike Gordon with Cresa Phoenix represented the tenant, The Chamberlain Group.

For more information, Glaser should be reached at 520.546.2707; Divito is at 520.321.3339 and Blum can be contacted at 520.321.3335.

To learn more, see RED Comp #4436.

[mepr-show rules=”58038″]Closing date: 12/28/2016. Sale price: $2,844,000. Land area reported as 21.76 acres, or 947,866 SF. APNs: 140-26-040A and -041C. Chamberlain Group phone number: 520.792.0511[/mepr-show]

TUCSON, Arizona — Mister Car Wash, based in Tucson Arizona, has acquired five more car washes, four in Tucson and one in Sierra Vista, in keeping with the company’s growth by acquisition strategy. Mister Car Wash now operates 201 car washes and 34 express lubes in 19 states and has acquired an additional building for office expansion in downtown Tucson.

The five car washes commanded a combined sale price of approximately $10 million at these locations:

• 1435 W River Rd, Tucson, AZ · (520) 293-1359
• 3150 E Grant Rd, Tucson, AZ · (520) 881-1486
• 6301 E 22nd St, Tucson, AZ · (520) 745-5003
• 5075 S Midvale Park Rd, Tucson, AZ
• 3850 Martin Luther King Jr, Sierra Vista, AZ

Headquartered in Tucson, Mister Car Wash also purchased a retail / office building at 415-421 N 6^th Avenue for $2.1 million ($84 PSF) for office expansion. The company’s current headquarters located a few blocks away at 222 E 5^th Street was acquired in November 2013. Mister moved in there six month later and will soon occupy both downtown locations.

The building on 6th Avenue sold by Dewitt Designs of Tucson represents an additional 25,000-square-feet of office space for Mister, with a mezzanine and basement. It was built in 1954 on a .7-acre lot.

“In one and a half years, the company has already outgrown its downtown headquarters and needs more space,” said Felipe Valenzuela, Director of Business Operations at Mister Car Wash. “It’s amazing for me to watch the growth Mister Car Wash has experienced in the past two years and all the talented people the company attracts.”  Current employees number  approximately 7,000.

Mister Car Wash (John Lai, CEO) moved downtown from a Foothills address one and a half years ago hoping to draw on the dynamic area’s energy and amenities. The company was operating 6 car washes in the Tucson market when it moved, and with today’s acquisition of five more Arizona Auto Spas, Mister’s total store count increased to 15 in the Tucson area.

Buzz Isaacson with CBRE in Tucson represented Mister in the purchase of the new office building.

Mister Car Wash (www.mistercarwash.com) is an operating company of Leonard Green & Partners L.P. (www.leonardgreen.com) one of the nation’s preeminent private equity firms with over $15 billion of private equity capital raised since inception. Based in Los Angeles, CA, Leonard Green invests in established companies that are leaders in their markets.

Mister will continue to look for acquisitions to expand their presence in existing markets and bring a diversified set of service delivery models to customers and Unlimited Wash Club® members.

For information about services and opportunities with Mister Car Wash, please visit www.mistercarwash.com. For more information Isaacson can also be reached at 520.323.5151.

To learn more, see RED Comps #4309, #4310, #4311, #4312 and #4313.

TUCSON, Arizona — What was once one of America’s most top secret places is now Acacia Nursery at 8080 West Tangerine Road in Marana. GreyWolfe Investments of Gilbert bought the 10-acre site for $1.5 million ($150,000 per acre). Divided into two parcels, five acres holds Acacia Nursery business and the other a Titan II Missile Bunker, in need of refurbishing.

The entire 10-acres is an island surrounded by Sonoran Desert state trust land and fenced with a private, gated entry, a dramatic reminder of the Cold War between the U.S. and former Soviet Union. The bunker is one of the last remains of 54 Titan II missile sites that were on alert across the United States from 1963 to 1987.

Buried 60 feet underground and encased in four feet of concrete and steel, the bunker was designed to withstand a direct nuclear missile strike! Able to launch from its underground silo in just 58 seconds, the Titan II was capable of delivering a 9-megaton nuclear warhead to targets more than 6300 miles away in about 30 minutes.

The silo became operational in 1963 and was deactivated in 1982 as part of President Reagan’s policy of decommissioning the Titan II missiles as part of a weapon systems modernization program. All operational Titan II silos throughout the country were demolished, including 17 sites by Davis-Monthan AFB and Tucson, except the one in Sahuarita / Green Valley area that remains a national museum.

Approximately 6,000-square-feet below ground, the bunker cost $55 million to build in the 1960’s.

Rob Lamb with Long Realty Commercial handled the transaction for both the buyer and seller, The Athol Family Farms Trust, and sold the property for full price in about 6 months .

For additional information, Lamb should be reached at 520.444.4411.

To learn more, see video and RED Comp #4282.