TUCSON, AZ (May 15, 2024) -- AMFS AZ, LLC purchased 4646 S. Overland Dr. for its tenant, Ajax Metal Forming Solutions, for $4.69 Million ($155 PSF) from Marlin Investments.
Built in 2005 and expanded in 2009 and 2014, the 30,162-square-foot building at 4646 S. Overland is 100% solar-powered, has a 100% air-conditioned warehouse with a large office component, and sits on 1.89 acres in the Butterfield Business Center.
The new tenant, Ajax Metal Forming Solutions, is an award-winning metal forming company that produces tight-tolerance metal parts for Original Equipment Manufacturers (OEMs) and their suppliers. Its services cater to a wide range of industries, such as climate control, medical, transportation, architecture, power generation, engineered products, and consumer goods.
Ajax offers various manufacturing services, including progressive metal stamping, sheet metal fabrication, fiber laser cutting, press brake forming, CNC turret punching, robotic welding, finishing, assembly, and kitting. It has three locations in Minneapolis, Minnesota; Wilson, North Carolina (near Raleigh); and now Tucson, Arizona.
The transaction closed on May 7, 2024.
The seller was represented by Gordon Wagner from NAI Horizon’s Tucson Office. The buyer had brokers in Minnesota facilitating the sale.
For more information, Wagner can be reached at 520.326.2200.
To learn more, see RED Comp #11289.