Tucson industrial leased investment sells for $4.25M

industrial leased investment

TUCSON, ARIZ. (May 7, 2026) — PCA Properties LLC purchased a 31,042-square-foot industrial building at 5575 S. Houghton Road in Tucson from L & M Family Ventures LLC for $4.25 million.

The property, located in the Southeast submarket, sits on 3.09 acres and sold for approximately $136.91 per square foot. The building was constructed in 1997 and is 100% air-conditioned, with heavy power, dock-high loading, and a 19-foot clear height. The site has direct access from Houghton Road and is near the improved Houghton Road interchange at Interstate 10.

Stephen D. Cohen, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller. Greg White with SRS Real Estate Partners-West, LLC represented the buyer.

The property is a single-tenant, NNN-leased industrial asset occupied by FSG Restoration Services, which recently acquired Steamy Concepts, a Tucson-based cleaning and restoration company founded in 1998. Steamy Concepts previously purchased the building in 2021 and adapted it for its operations. The building was originally constructed by Global Solar in conjunction with the University of Arizona and includes high-quality office space, production areas, and clean manufacturing space.

PICOR’s marketing materials noted that the building could potentially be doubled in size on the existing site. The property is near Rita Ranch, large retail centers, a 1,000-acre industrial park, and the TMC Rincon hospital campus, which opened nearby in 2023.

For more information, Cohen can be reached at 520.546.2750 and White is at 602.682.6000.

Source: RED Comp #12434.




Salvation Army Secures Green Valley Service Center Location with $1.275M Purchase

Salvation Army

Green Valley, AZ (May 5, 2026) — The Salvation Army purchased a six-tenant office/retail building at 555 N. La Cañada Drive in Green Valley from Kidwell Family LLC for $1.275 million. The acquisition gives The Salvation Army ownership of a Green Valley property where it already operates its Green Valley Service Center. The organization’s local service center is at 555 N. La Cañada Drive, Suite 101/101A, and provides community assistance, spiritual and emotional support, and related programs for Green Valley and Sahuarita residents. The building was fully leased at the time of sale. The Salvation Army plans to remain in its space while leasing the remainder of the building.

The transaction closed on April 22, 2026.

Built in 1975, the 6,264-square-foot building sits on approximately 1.12 acres in the Canoa Land Grant subdivision. The sale equates to approximately $203.54 per building square foot and $26.24 per land square foot. The property is classified as office use and is zoned CB-1, Local Business Zone, with RH, Rural Homestead Zone, also noted in the parcel information.

The buyer, The Salvation Army, is based in Rancho Palos Verde, California. Mr. James M. Knaggs, President, was listed as the buyer contact. The seller, Kidwell Family LLC of Pasco, Washington, was represented by Mr. Tom Kidwell.

Christy Walker with RE/MAX Signature was the property’s listing agent, and Kevin Helland with Avison Young (Phoenix) represented the buyer. For more information, Walker can be reached at 520.614.1001 and Helland is at 480.994.8155.

Source: RED Comp # 12440.




Historic West University Multifamily Property Sells for $1.09 Million

Historic West University

TUCSON, AZ — 243 E University LLC purchased a five-unit Historic West University multifamily property at 243 E. University Blvd. in Tucson from ReDesign by Blaser LLC for $1.092 million.

The transaction closed April 8, 2026. The sale price equates to approximately $218,400 per unit and $416 per square foot based on 2,624 square feet.

The property is located in Tucson’s West University area near the University of Arizona, Fourth Avenue and downtown Tucson. Built in 1906, the masonry property includes five residential units on approximately 0.27 acres. The unit mix includes one single-family residence of approximately 912 square feet with two bedrooms and one bathroom, along with an apartment building totaling approximately 1,712 square feet with four one-bedroom, one-bath units.

The property is zoned HR-3, historic high-density residential, and is located within Tucson’s central submarket.

Denice Osbourne with Long Realty listed the property. Daniel W. Reichardt with Genesis Real Estate & Management represented the buyer.

For more information, Osbourne should be contacted at 520.909.6592 and Reichardt is at 520.390.1270.

Source: RED Comp 12411