Tucson, AZ, (June 5, 2024) –Larsen Baker is pleased to announce the sale of Building G, the freestanding 4,998 sf office building in the El Dorado Square office campus at 1200 N El Dorado Place. The buyer, Lerdal 1200, LLC, an affiliate of Chapman Management Group, purchased the building intending to occupy a portion.
The building sold for $780,300 ($156 PSF).
Larsen Baker purchased the nine-building office complex at the beginning of the year with the strategy of upgrading the landscaping, roofs, HVAC, and other systems, backfilling the vacancies with high-quality office/medical tenants at competitive market rates, and reserving up to three buildings for sale for owner/user or investor. Only two buildings are left available for sale with the sale of Building G.
Isaac Figueroa, CCIM, SIOR, with Larsen Baker, represented the seller, and Erik Chapman, with Chapman Management, represented the buyer.
For more information, contact Figueroa at 520.296.0200 ext 218, or Chapman at 520.622.5544.