TUCSON, ARIZONA – Local investors, Torch Properties, LLC (Brandon Rodgers, CCIM, managing director) through an affiliate entity, purchased 8075-8101 E Research Court from Con-Cor International for $1.8 million ($48 PSF).

The sale closed on May 4, 2022.

Built in 1986, the 37,528-square-foot multi-tenant industrial property has two buildings located in the Eastside Research Loop industrial park on 3.11 acres. It was 50% occupied at time of sale with to two tenants.

 “It was the property location in Eastside Reseach Loop Industrial Park as well as the price per square foot that attracted us,” Rodgers told us. “We have plans to rehabilitate the property for multitenant industrial use with up to seventeen tenants divided into 2,160 square-foot bays when completed.”

This was an off market deal. Both the seller Con-Cor International of Tucson (Patricia Conway, director), and the buyer were self-represented in the transaction.

To learn more, see RED Comp #9846.

Tucson, Arizona –Larsen Baker, through its affiliate Bedroxx OZ Organization, LLC recently acquired the 44,354-square-foot building at 4385 W Ina Rd. in Marana, Arizona for $1.9 million ($43PSF). The all cash transaction closed April 29, 2022.

The building was formerly occupied by Bedroxx Bowling Alley and Hooters restaurant and sits on 3.69 acres zoned Heavy Industrial and Village Commercial in the Town of Marana.

Larsen Baker plans to reposition the building into industrial/flex space for one or more tenants, and to construct an additional flex building on the site.

The buyer was self-represented by  Isaac Figueroa, CCIM, 0f Larsen Baker. The seller, Bedrock Ina, LLC was self-represented by Gary Heinfeld, CCIM/Advisors in Real Estate.

This was a Southern Arizona CCIM Chapter member-to-member transaction. Members involved include Gary Heinfeld, CCIM, with Advisors in Real Estate; George Larsen, CCIM, Melissa Lal, CCIM, and Isaac Figueroa, CCIM, Ted Herman and Ferrum Walllace with Larson Baker; and Bobbi Raymond of Fidelity National Title.

TUCSON, ARIZONA – Tucson-based, Apollo Gardens (Sukhbinder and Jasbir Khangura) purchased 61.95 acres of industrial land at 6701 S Wilmot Road in Tucson and for $4.5 million ($1.67 PSF).

The I-2 zoned property is adjacent to the Port of Tucson and has the potential for a rail spur.

The 3 industrial buildings on the property were obsolete and given no value. The buyers purchased the land for construction of a cold storage facility and construction of other industrial use buildings for sale and for lease.

Frank Arrotta and Michael Gross with Tucson Realty and Trust represented the sellers, Antonio and Diane Marie Cimetta also of Tucson.  Pat Welchert of Alpha Commercial Real Estate Services represented the buyer.

For more information, Arrotta and Gross can be reached at 520.577.7000. Welchert should be contacted at 520.360.9394.

To learn more, see RED Comp #9832.