Industrial Investors and Users’ Activity Lead to $3.5 Million Aggregate Sales

THE FOLLOWING INDUSTRIAL PROPERTIES BY SUBMARKET WERE BOUGHT FOR INVESTMENT PURPOSES:
SOUTH SUBMARKET
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[mepr-show rules=”58038″] Tin Cup Properties of Tucson (John Lashley) purchased the 8,439 sq. ft. industrial building at 220 E 27th Street in South Tucson for $300,000 ($36 PSF). The seller, Archie and Janice Anderson Revocable Living Trust had been an owner occupant. Property was built in 1979, has 7 grade level doors, and is on a fenced .58 acre lot zoned SB-2A. Vacant at time of sale, property was an investment purchase to be leased to multi-tenants. Ron Zimmerman with Cushman & Wakefield | Picor represented the buyer and is also leasing the property. Since property sold, 2,100 sq. ft. has already been leased to two separate tenants. Zimmerman should be contacted at (520) 748-7100.

SOUTH SUBMARKET

802/816 Evans, LLC of Tucson (Billie Meuschke) bought the multi-tenant industrial building at 802-816 E Evans in Solomon Industrial Park in Tucson for $450,000 ($38 PSF). The 11,850 sq. ft. building (built 1973) has 8 grade level doors and is built out to accommodate four tenants. There was 4,100 sq. ft. vacant at time of sale. The seller was Niner Holdings, LLLP of Portland, OR and no brokers were involved in the transaction.

CENTRAL SUBMARKET
R. W. and B.J. Strunk Trust acquired the industrial property at 3752 E Hardy Dr. in Tucson from Doherty Plumbing, Inc. for $220,000 ($92 PSF). Doherty Plumbing occupied the 2,400 sq. ft. building (built 1999) on a 10,800 sq. ft. lot prior to sale. The buyer purchased the property as investment for lease and had an undisclosed tenant for the property subsequent to the purchase. Property is zoned MU.

CENTRAL SUBMARKET
The 12,200 sq. ft. industrial building at 2020-2050 E Eastland in Tucson sold to Spectrum Capital Investments, LLC for $350,000 ($29 PSF) for investment. Property includes two parcels totaling .64 acre with a 20’ clear span metal building (built 1971) with over 6,000 sq. ft. of storage mezzanine, and approximately 1,200 sq. ft. of office space. Building has one grade level and one well dock, fenced yard, and 200A/240V/single phase power and 100A/208V/3-phase power. Property had a clean phase I environmental report and a C of O from the City of Tucson for warehouse usage. Two bathrooms had new fixtures. Mark Hays of Tierra Antigua in Tucson represented the seller, K&E Buildings Family, LLP. Brandon Rodgers of Cushman & Wakefield | Picor represented the buyer. Rodgers can be reached at (520) 546-2714 and Hays is at (520) 444-5401.

NORTHWEST SUBMARKET
A.D. Post Service Company of Tucson (Daniel Post) purchased the industrial property at 13830 N Adonis Road in Marana for $252,500 ($105 PSF). The 2,400 warehouse on 1.5 acre yard was constructed in 1992. It has 400 A/208V/ 3-phase power, 2 grade level doors and is zoned HI (Heavy Industrial) near I-10 and downtown Marana. The yard area has electrical, phone and sewer hookup for an office trailer. The seller was Sumac, LLC of Tucson. Buyer purchased property as investment to lease.

THE FOLLOWING PROPERTIES WERE SOLD TO INDUSTRIAL OWNER / USERS:

CENTRAL SUBMARKT
A&K Team of Tucson (Andrew Aragon, managing member) dba Revolvstore Services, an independently owned and operated service shop specializing in nothing but Volvos, bought the property at 175 W Plata in Tucson. The 5,243 sq. ft. property (built 2010) sold for $485,000 ($93 PSF) and has one grade level on a .69 acre lot with I-1 zoning. The seller was Stamoff Investments, LLC of Tucson (Richard St. Aubin, managing member). Revolvstore has relocated to the property and will be an owner occupant.

CENTRAL SUBMARKET
The 4,451 sq. ft. industrial property at 449 E Fort Lowell in Tucson sold to an owner / user for $310,000 ($70 PSF). The building was built in 1979 on a 22,412 sq. ft. lot. Tony Reed with Long Realty represented the seller, the Musse Goldbaum Living Trust and Ed Henne also with Long Realty of Tucson represented the buyer. Reed can be reached at (520) 915-5189 and Henne is at (520) 918-5989

WEST SUBMARKET
Christopher and Kylie Harvey, dba Blue Coyote Paint, purchased the property at 2251 N Dragoon in Tucson for $150,000 ($76 PSF). The 1,968 sq. ft. building (built 1988) is zoned I-1 and sits on a 16,478 sq. ft. lot. Blue Coyote Painting is a painting company specializing in the residential/commercial painting and repainting of fine Tucson homes and businesses for more than 25 years. Tony Reed of Long Realty in Tucson represented buyer and seller, MJI Company of Phoenix (Micah Strunk, managing member). Reed should be contacted at (520) 915-5189.

SOUTH SUBMARKET
Gerson’s Building Supply purchased 4,431 sq. ft. at 4726 S Country Club Rd. in Tucson from KMS Enterprises, LLC for $425,000 ($96 PSF). Gerson’s moved from 1811 S Park Avenue where it operated for more than 30 years selling used building supply materials. Brandon Rodgers of Cushman & Wakefield | Picor represented the seller and Curt Stinson with Realty Executives Tucson Elite represented the buyer in the transaction. Rodgers can be reached at (520) 546-2714 and Stinson is at (520) 877-4942.

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