TUCSON, ARIZONA – In two separate investment transactions Lee & Associates handled properties valued at $4.2 million in Tucson’s Southern Submarket.
California-based, Corsair Management, LP (David Paul Oddo, manager) sold the building at 4670 S Palo Verde Road in Tucson for $3.2 million ($114 PSF).
The 28,145-square-foot building on 3.21 acres was constructed in 2004 and sold fully leased to Gerber Collision and Glass. The automotive building consists of lobby and reception areas, office’s and conference rooms, a warehouse, 4 grade level doors, and fenced yard.
David Newton, SIOR of Lee & Associates in Orange, CA represented the buyer, a Family Trust from Long Beach, CA.
For more information, Newton can be reached at 714.647.9100.
To learn more, see RED Comp #6399.
In a separate transaction, Aceland sold the building at 4030 E Michigan Street in Tucson to a private investor from Huntington Beach, CA for $1 million ($161 PSF).
Built in 1988, the 6,200-square-foot building on 1.99 acres was occupied by Tucson Ace Asphalt at time of sale.
Marcus Muirhead and Allen Lowe with Lee & Associates in Phoenix handled the transaction.
For more information, Muirhead can be reached at 602.474.9589 and Lowe is at 602.954.3747,
To learn more, see RED Comp #6390.