Multitenant Industrial Building in Tucson Sells for $2.3 Million Fully Occupied

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2500 N. Coyote Dr., Tucson, AZ

Grant Road Industrial Park II Building had four tenants, fully occupied at time of sale.

TUCSON, ARIZONA — Coyote Clover 2500, LLC of Tucson (The Clover Company, Paul Kraft, manager ) purchased the 35,600-square-feet of multitenant industrial space from 2500 Coyote, LLC of Tucson (Judy Tenen, member).

The flex, light-manufacturing building, located at 2500 N. Coyote Dr. in Tucson, was purchased for $2.285 million ($64 PSF).

The property sold for investment, 100% occupied with four tenants. AlphaGraphics occupied 75% of building and Gentile Church of Christ (2,800 SF), Integral Development Solutions (3,000 SF) and Ram Plumbing (3,000 SF) the remaining space.

Built in 1980, the building has 12 grade level roll up doors and a ceiling height of 15 ft. Located in the Grant Road Industrial Park II the property sits on a 2.38 acre lot.

Robert C. Glaser, SIOR, CCIM, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, handled the transaction.

For more information, Glaser can be reached at 520.546.2707.

To learn more, see RED Comp #7130.

 

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