Leased Industrial, Winroc Building sold for $1.15 Million

image_pdfimage_print
2001 N 9th Avenue Tucson, AZ
Winroc, 2001 N 9th Avenue Tucson, AZ

A group formed by California investors, Tucson 2001 LLC (Qing Xu, manager) purchased a 19,699-square-foot industrial warehouse at 2001 N. 9th Ave. in Tucson from Winroc Circle 2003 LLC of Sonoita, Arizona (Richard Collins, manager) for $1.15 million ($58 PSF).

Built in 2000 on a 1.56 acre lot at Ventura Street and 9th Avenue in Central Tucson, located east of Oracle Road and south of Grant Road; the property was fully leased to Winroc when it sold, a company offering architects, contractors and homeowners a full selection of wall and ceiling products.

Wayne Jack, Winroc’s founder, grew the company from a single store in Winnipeg, Manitoba to 34 branches across Canada plus nine branches in Arizona, Minnesota, Nevada and Utah. Winroc’s products have evolved over the years, and its geographical footprint has expanded, since 1971. Winroc has grown through a series of acquisitions across Canada and each of the four states. Winroc’s first acquisition was Alberta Drywall Supplies in 1983, allowing Winroc to gain a foothold in Western Canada and paving the way for future expansion. In the mid-90s, Winroc moved into Arizona and Minnesota, followed by Utah in 2000 and Nevada in 1999.

Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled the transaction. “Industrial market activity has been steadily picking up since about fourth quarter of last year,” according to Glaser.

For more information, Glaser should be contacted at 520.546.2707.

To learn more, see RED Comp #3798.