Tin Cup Properties, Kenneth Burke and Orvieto Investments bought four Tucson industrial properties that totaled $2.06 million, all closed Q4, 2014.
Tin Cup Properties, LLC (John Lashley) of Tucson purchased the industrial property at 1624 S Euclid Ave in Tucson from Susan J Ollweiler and Linda Marie Ronstadt, as Co-Trustees of the Normal Trust, for $350,000 ($43.75 PSF). The two 4,000-square-foot buildings (built 1955 and 1960) are located on a 1.8 acre fenced yard will be owner occupied by the buyer.
Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | Picor represented the buyer. Chuck Blacher of Tucson Realty & Trust Co. represented the seller in the transaction.
Tin Cup Properties, LLC of Tucson also bought a 7,676-square-feet industrial property at 4320 E. Illinois Street in Tucson for $500,000 ($65 PF). The building (built 2002) which is situated on 1.2 acres and was purchased as an investment sale for lease.
Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | Picor represented the buyer and will be leasing the property for Tin Cup and the seller, Gould Family Properties VIII, LLC (Wayne Gould) of Tucson in the transaction.
Kenneth Burke of Tucson traded into a 4,947-square-foot industrial building located at 4100-4110 S Longfellow Ave in Tucson from MNS Investment Ventures, LLC for $320,000 ($64.69 PSF). The industrial property (built 1990) is on .82 acres and was purchased for investment in a 1031 exchange.
Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | Picor represented the buyer and will be leasing the property. Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | Picor represented the seller in this transaction.
Orvieto Investments, LLC (Janise Blanco & Scott Wilson, members) of Boise, ID bought an industrial property at 3911 N Highway Drive in Tucson for $887,500 ($82.48 PSF). The 10,760-square-foot building was leased to Jacobs Field Services when it sold for investment.
Bob Kaplan with Marcus & Millichap in Denver represented the investor in the transaction. Pat Welchert, SIOR, and Rob Glaser, SIOR, CCIM, Industrial Specialists with Cushman & Wakefield | Picor represented the seller, Highway Drive, LLC an affiliate of Diamond Ventures Opportunity Fund Manager (Bill Kelley, manager) of Tucson.
To learn more Zimmerman should be contacted at 520.546.2755, Rodgers is at 520.546.2714, while Welchert can be reached at 520.546.2748 and Glaser at 520.546.2707, all with Cushman & Wakefield \ Picor. Blacher with Tucson Realty & Trust can be reached at 520.577.7000 and Kaplan with Marcus & Millichap can be contacted at 520.271.2304.