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Larsen Baker and Volk Company Joint Venture Acquisition of Airport Commerce Center for $9.2 Million

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  • Larsen Baker and Volk Company Joint Venture Acquisition of Airport Commerce Center for $9.2 Million
2nd Quarter Sales
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May 3, 2024
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Real Estate Daily News Service
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Tucson, AZ. – (May 3, 2024) – Larsen Baker, through its affiliate Commerce Center Developers, LLC, and Volk Company, through its affiliate Commerce People, LLC, recently acquired the 135,760-square-foot industrial/flex building on 15 acres at 2700 & 2800 E Commerce Center Pl, Tucson, Arizona for $9,231,680 ($68 PSF).

Intuit will continue to occupy 70,000 square feet, and 65,000 sf will be available for lease, which can be split into smaller spaces. The available space suits a data center, research and development, flex space, distribution, office, and/or warehouse. It is fully air-conditioned and boasts an 18-foot ceiling clear height, 2000 amps of power, I-1 zoning, and fully fenced parking, including covered and EV parking. Plans are to add dock high and/or grade loading.

The property also features a flexible office buildout with breakrooms, private offices, and meeting rooms. It includes a fully built-out 1,700 sf raised floor data room with 350kW UPS Capacity and CRAC units, supported by two 750 kW Diesel Generators and a 417 kW Solar System. The space is available now to schedule tours.

The buyer was self-represented by Isaac Figueroa, CCIM, SIOR of Larsen Baker, and Rick Volk of Volk Company. The seller, Hidden Willows, LP, was represented by Tivon Moffit, Peter Bauman, and Brett Baker with Institutional Property Advisors, a division of Marcus and Millichap, with assistance from Thomas Nieman, the local broker contact, with Cushman & Wakefield|Picor.

For more information about the available space, Figueroa can be reached at 520-296-0200 and Volk at 520-495-2242.

To learn more, see RED Comp #11277.

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