TUCSON, ARIZONA – Two office condos at 2850 North Swan in Tucson, in the North Swan Road Condominiums complex, sold for $602,000 ($205 PSF).
Located northeast of Glenn on Swan, the office spaces combined were 2,942-square-feet in size, built in 1999, and were fully leased at time of sale.
Buyer was completing a 1033 insurance claim for an investment property that had burned at 2550-2554 N First Avenue. It was sold for land value to the adjoining property owner for $260,000 ($16 PSF) for the 16,068-square-foot lot. The lot will be used for additional parking for the nightclub next door.
Tony Reed and Kelly Doty with Long Realty handled the transaction for buyer and seller, a local private investment firm.
For more information, Reed should be contacted at 520.918.5189 and Doty can be contacted at 520.603.3491.
To learn more, see RED #9661.