TUCSON, AZ (June 20, 2024) -- The top sale last week at Cushman & Wakefield | PICOR was of a 40,078-square-foot multi-tenant investment industrial property located at 2106 N Forbes Blvd, which sold for $3,920,000, or $97.81 per square foot.
Property Details:
- Location: 2106 N Forbes Blvd, Broadbent Business Park
- Size: 40,078 square feet
- Sale Price: $3,920,000
- Price per Square Foot: $97.81
The property was acquired by Block “C” Properties LLC, a California-based investor. The seller, North Forbes, LLC, is also a private investor. Stephen Cohen, Principal and Industrial Specialist with C&W | PICOR, represented both parties in this transaction.
2106 N Forbes Blvd is a three-star industrial warehouse situated in the Broadbent Business Park. This multi-tenant property is fully occupied, with three businesses:
- American Refrigeration Supplies: A wholesaler of HVAC equipment and supplies
- Hamilton Distillers: A local brand renowned for its mesquite scotch whiskey
- High Point Scientific: The largest retailer of telescopes in the United States
When the seller purchased the property in December of 2020, he remodeled one of the suites for his business, High Point Scientific, to occupy. The property was 100% occupied at closing.
This transaction emphasizes the robust demand for quality industrial properties in the market. This successful sale of 2106 N Forbes Blvd highlights the continued interest from investors in well-located, income-generating assets.
For more information on industrial commercial real estate opportunities, please contact Stephen Cohen at Cushman & Wakefield | PICOR at scohen@picor.com or (520) 546-2750.