TUCSON, ARIZONA -- A group of Tucson investors, CA 36th Street American, LLC, sold a portion of the former Grant Road Lumber Contractor Yard at 3361 East 36th Street to California-based, Johnson Family Trust for $3.55 million ($46 PSF) with 77,625-square-feet of structures including a 13,280-square-foot office building, a 7,500-square-foot office/warehouse, and 56,845- square-feet of warehouses and canopy type storage structures.
Property was fully leased at time of sale leased to NPL Construction Co. (NPL) on approximately nine acres for ten-years along with the buildings south of the railroad tracks.
NPL, a wholly owned subsidiary of Centuri Group, Inc., is a comprehensive utility infrastructure services enterprise dedicated to delivering a diverse array of solutions to North America’s gas and electric providers.
Founded in a small town in northern Minnesota, NPL began as Northern Gas Line Constructors focusing exclusively on gas customers. By 1971, the company progressed from the installation of local farm taps to construction of several large gas pipeline projects in nearby states. In 1973, the company was renamed Northern Pipeline Construction Company, and a few years later, moved to its current location to Phoenix.
In 2008, Northern Pipeline became NPL Construction Company. Today, the company is recognized as a leader in natural gas construction with a reputation in safety, quality, and customer satisfaction.
Dean Cotlow with Cotlow Company of Tucson self-represented the seller and Ken Hulbert with Daum Commercial Real Estate Services of Newport Beach, California.
For more information, Cotlow should be reached at 520.881.8180.
To learn more, see RED Comp #8765.