Industrial Building Sells for $3.8 Million Investment

TUCSON, AZ (May 14, 2024) — First American Exchange Company, as a qualified intermediary for Block “C” Properties LLC, purchased a 24,920-square-foot leased single-tenant industrial building at 3120 E. Medina Road from GLRT Properties LLC for $3.8 million ($152.49 PSF).

Built in 2006 of masonry and metal construction, the property has 16-18 feet clearance height, four 10′ x 10′ grade level electric doors, and 1,200 Amp single phase power, sprinklers, gas, sewer, and fiber optic cabling.  It was fully leased to Horizon Pool & Spa Company, an affiliate of Leslie’s Poolmart, Inc. (Nasdaq: LES) at time of sale.

The transaction closed on May 2, 2024.

Gary Emerson with GRE Partners, LLC of Tucson, represented the seller.

Steve Cohen with Cushman & Wakefield|Picor in Tucson represented the investor.

For more information, Emerson can be reached at 520.777.4949, and Cohen can be contacted at 520.546.2750.

To learn more, see RED Comp #11281.