TUCSON, Arizona -- Local investment group, The Clover Company (Paul Kraft, CEO) through affiliates, Princeton GM and 4675 Coach Drive, LLC traded into an industrial investment at 4675 S Coach Drive and excess land in the Butterfield Business Park in Tucson for $1.6 million.
The 16,568-square-foot building on .98 acres was built in 2000 in the Butterfield Commerce Park sold on cap rate. It was fully occupied by a single tenant, Gyros Protein Technologies, a world leader in research and utilization of microfluidic technologies used to miniaturize and automate immunoassays. Gyrolab immunoassay platforms increase productivity and efficiency during development of biotherapeutics and vaccines, saving time, labor and sample. Major biopharmaceutical companies and their service providers utilize Gyrolab platforms to boost time-critical workflows and meet increasingly stringent regulatory demands.
The seller, Rainin Tucson, LLC of Oakland California also sold Lot 38 at Butterfield Business Park to the investor, a 4.01 acre vacant lot that was purchased for resale.
Rob Glaser with Cushman & Wakefield | Picor represented the seller in the transaction and is also marketing the vacant lot for the buyer.
For additional information, Glaser should be reached at 520.546.2707.
To learn more, see RED Comp #4684 and 4691.