TUCSON, ARIZONA – Tucson-based, Apollo Gardens (Sukhbinder and Jasbir Khangura) purchased 61.95 acres of industrial land at 6701 S Wilmot Road in Tucson and for $4.5 million ($1.67 PSF).
The I-2 zoned property is adjacent to the Port of Tucson and has the potential for a rail spur.
The 3 industrial buildings on the property were obsolete and given no value. The buyers purchased the land for construction of a cold storage facility and construction of other industrial use buildings for sale and for lease.
Frank Arrotta and Michael Gross with Tucson Realty and Trust represented the sellers, Antonio and Diane Marie Cimetta also of Tucson. Pat Welchert of Alpha Commercial Real Estate Services represented the buyer.
For more information, Arrotta and Gross can be reached at 520.577.7000. Welchert should be contacted at 520.360.9394.
To learn more, see RED Comp #9832.