TUCSON, AZ (January 17, 2025) -- The multi-tenant industrial properties at 4141, 4151, 4161, and 4359 E Tennessee Street in Tucson sold for $6.55 million ($87.45 PSF) to Cedar Creek Equity Investments, LLC of Florida. The industrial property, built in 1968, featured 13 tenants and a combined total of 74,900 square feet of leased building space. Chapman Management Group will continue to manage the property for the new owners.
Erik Chapman, CCIM, CPM, and Nick Travassos, MRED of Chapman Management Group, LLC, represented the seller, Tic-Tac Properties, LLC, and Tucson Industrial Centers, Inc. of Tucson. The buyer was self-represented.
The asset was sold on December 23, 2024.
For more information, Erik Chapman can be reached at (520) 867-8899 and Nick Travassos can be reached at (520) 867-8438.
To learn more, subscribers can refer to RED Comp #11691.