Greenspring Realty Partners Buys Tucson Industrial Investment for $3.27 Million

TUCSON, Arizona (Oct. 7, 2026) — GRP 829 W Silverlake LLC, an affiliate of Maryland-based Greenspring Realty Partners, purchased the industrial property at 829 W. Silverlake Road in Tucson for $3,267,000. The investment sale closed September 4, 2026.

The seller was Tucson Silverlake LLC c/o Craig Hughes, member. The buying entity is managed by Dan Flamholz, co-founder of Maryland-based Greenspring Realty Partners.

Greenspring Realty Partners is a family-owned industrial real estate investment firm with offices in Baltimore and Miami. The company specializes in industrial outdoor storage, heavy industrial properties and the acquisition and redevelopment of brownfield sites. According to the firm’s website, it invests its own capital and targets established industrial markets, emerging growth areas and infill locations.

The Silverlake acquisition fits that focus, combining a leased industrial facility with a substantial fenced yard and freeway access. Greenspring already had a Tucson presence, with another leased industrial property on E. Tennessee Street.

The Silverlake property includes two buildings totaling approximately 13,781 square feet on 3.23 acres in Tucson’s south industrial submarket. The purchase price equates to approximately $237 per square foot based on the total building area.

MTM Transit LLC occupies the property under a single-tenant, triple-net lease. The company provides transportation services in partnership with Sun Shuttle Dial-A-Ride.

Improvements include an approximately 11,970-square-foot metal shop constructed in 2014 and an approximately 1,811-square-foot masonry office building dating to 1962. The facility features offices, a reception area, a breakroom and kitchen, approximately 21-foot shop clear height, two grade-level roll-up doors, and a fenced and gated yard.

Located less than half a mile from the Interstate 10 and Interstate 19 interchange, the property provides access to Tucson’s regional transportation network. Marketing materials describe annual rent increases of 3% and potential rental upside when the existing lease expires.

Max Schumacher of Rein & Grossoehme Commercial Real Estate (Phoenix) handled the transaction.

For more information, Schumacher can be reached at 480-214-9403.

Source: RED Comp #12709.