TUCSON, ARIZONA -- Refrigeration Supplies Distributor (RSD, Inc) purchased 2101-2103 E 19th St for $975,000 ($70 PSF) in the downtown industrial submarket as a distribution hub for air conditioners and air conditioning supplies.
Located northeast of Plumer and 19th Street at Aviation Highway, the 14,000-square-foot industrial building was built in 1964 on a .72 acre lot and includes four dock highs, one grade level roll up, 22 foot ceilings, office, sprinklers, fenced lot, and signage.
"As the demand for residential and industrial real estate increases, the demand for HVAC products, electrical products, and plumbing products has been increasing quickly," said Max Fisher. "This will be RSD's second distribution building in Tucson."
The downtown industrial market hit a small bump when COVID hit due to businesses that serve the downtown retail market closing or downsizing. Since then, the downtown industrial market has bounced back. Vacancy is around 2% now and rates are steadily increasing. We can expect the downtown industrial market to continue to improve from the demand for last mile distribution and the demand from construction contractors.
Max Fisher and Rob Glaser of Cushman & Wakefield | PICOR Commercial Real Estate represented the seller and Jason Ward with Cushman & Wakefield of Los Angeles represented the buyer. Max Fisher has since moved to BRD Realty and can be contacted at 520-465-9989.
To learn more, see RED Comp #8473.