Two Tucson industrial buildings were recently purchased by investors, for lease.
LARC, LLC (Kevin Cummings, member) purchased a 3,603-square-foot industrial building at 5139-5141 N Casa Grande Highway in Tucson from 5141 North Casa Grande Highway, LLC (Steve Hopkins, manager) for $400,000 ($111 PSF).
Seller occupied dba Cool Breeze Air Solutions and buyer purchased to lease. Highly visible office with two buildings with six offices, a reception area, his & her bathrooms and a conference/kitchen area in front building. Rear building has 4 offices, bathroom, with a reception area and 32,272-square-foot fenced yard. At I-10 & Sunset with light up signage and 110,000 cars driving by daily.
Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | Picor, represented the buyer in the transaction.
To learn more Zimmerman should be contacted at 520.546.2755.
For additional information see RED Comp #2493.
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Long Far Investments, LLC purchased a 4,800-square-foot industrial building at 1102 S Curtis Avenue in Tucson from MJD Ventures, Inc. for $257,590 ($54 PSF). The property was occupied by ThyssenKrupp Elevator Americas that will be changing locations.
Buyer purchased as investment for lease.
Paul Hooker, Industrial Specialist with Cushman & Wakefield | Picor, represented the buyer and Jesse Blum and Bill Divito with CBRE in Tucson, represented the seller in the transaction.
Hooker will be leasing the property for buyer.
To learn more Hooker can reached at 520.546.2704 and Blum and Divito can be called at 520.323.5100.
For additional information see RED Comp #2491.
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[mepr-show rules="58038"]5139-5141 N Casa Grande Highway - Sale Date: 1/30/2015, buyer paid 10% down and financed with a seller carryback.
1102 S Curtis Avenue – Sale Date: 1/30/2015, buyer paid $47,590 (18%) down and financed the balance with a seller carryback. Property is on the market for lease at $.67 SF/ NNN[/mepr-show]