HFE International Affiliate Acquires Tucson Industrial Property for $2.9 Million

The owner-user transaction closed July 6.

The property comprises a 32,357-square-foot masonry industrial building on approximately 1.75 acres near East 17th Street and South Park Avenue, southeast of downtown Tucson. Constructed in 1956, the building was vacant at the time of sale following the recent departure of longtime occupant Dumas Products.

The facility includes five dock-high loading doors, one ramp door and one grade-level loading door. Other features include heavy three-phase power, natural gas service, a two-inch water main, fire-sprinkler protection, HVAC-served office space, an evaporatively cooled warehouse, employee locker rooms, restrooms and a break room.

Barrio Tech Park LLC purchased the property from 909 East 17th Street Partnership, an entity owned and managed by Robert A. Brandon. Brandon also owned Dumas Products Inc., the longtime occupant of the facility. Dumas Products ceased operations and vacated the property before the sale.

Pat Welchert of Alpha Commercial Real Estate Service LLC represented the seller. Tim Healy of CBRE represented the buyer.

West is the founder and CEO of Tucson-based HFE International LLC, an engineering and manufacturing company specializing in engines, electronic fuel-injection systems, generators and integrated propulsion systems for drones and other unmanned vehicles.

The acquisition provides the HFE International-affiliated ownership group with an industrial facility near downtown Tucson and Interstate 10, with infrastructure suitable for manufacturing, engineering and technology-related operations.

For more information, Welchert can be reached at 520.360.9394, and Healy is at 520.323.5119.

Source: RED Comp #12593