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Multitenant Flex Industrial Property Sells to Outlet Electrical Supply for Expansion Space

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  • 3rd Quarter Sales
  • Multitenant Flex Industrial Property Sells to Outlet Electrical Supply for Expansion Space
3rd Quarter Sales
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September 28, 2022
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Karen Schutte
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TUCSON, ARIZONA September 28, 2022 - The multitenant, flex / industrial building at 3553-3559 N Mountain Avenue in Tucson sold for $501,875 ($107 PSF). Located at the southwest corner of Prince Road and Mountain Avenue, the buyer purchased it for expansion space to Outlet Electrical Supply at 1258 E Prince Road.

The 4,675 square-foot building (built 1982) has four suites: two offices and two warehouse spaces with 4 grade level doors and sits on a .41 acre lot.

The buyer, Elizabeth Floyd, is an owner of Outlet Electrical Supply and plans to use one of the warehouse spaces for extra storage, while continuing to lease the remaining three spaces that were all occupied by tenants at time of sale.

Bruce Suppes and Jackson Kraft with CBRE (Tucson) represented the seller, a family trust in Tucson and Kelly Doty with Long Realty represented the buyer.

For more information, Suppes can be reached at 520.323.5155, Kraft should be contacted at 520.323.5124 and Doty is at 520.577.7400.

To learn more, see RED Comp #10132.

 

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