Renowned Fair Wheel Bikes Expands Tucson Base

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Fair Wheel Bikes of Tucson (Ralph Phillips, owner) purchased the 3,479 sq. ft. warehouse building at 503 South Park Avenue in Tucson from KMS Enterprises, LLC of Tucson (Kyle Mokhtarian and Matthew Skidmore, members) for[mepr-show rules=”58038″]$189,000 ($54 PSF) in an REO sale. The property was a former catering business that was taken back by the private lender in May, 2012. The commissary was vacant, with only walk-in cooler left in the building when it sold.

The property will be used for research and design while doubling the inventory space for Fair Wheel’s web-based business that will move from 143 South Park Avenue to new location at the end of month.

Fair Wheel Bikes has been in Tucson for 40-years, making it the oldest cycle shop in Tucson. Specialized in high end and exotic road bikes through its internet department, it has a local bike shop presence at 1110 E 6th Street in Tucson. Located right off the University of Arizona campus, the company offers full sales, rental and service for all bicycle types, from the ubiquitous collegiate beach cruisers to 8-inch travel downhill bikes.

According to Phillips, “the internet business sells worldwide from Tucson and the new location offers expansion space for assembly and testing of products.” Tucson has become a great destination for cycling and visiting riders appreciate the high-end exotic bikes with 29er hardtail and full suspension mountain bikes, and over a dozen medium to high end road bikes. “We have been offering something for everyone since the seventies,” Phillips added.

Fair Wheel Bikes is also home to one of the top group rides in the country. The group ride, known as ’Tucson Shoot Out’, starts on the University of Arizona’s west side at University and Euclid. Bicycling Magazine has called it “one of the best training rides in the country”. The 60-mile loop cuts south from Tucson into desolate, mountainous desert near the Tucson mountains and past the San Xavier Mission every Tuesday, Wednesday and Saturday.

For over a decade, the skilled mechanics at Fair Wheel Bikes have quietly assembled sensational one-off custom bicycles for customers all over the world. For those who’ve been paying attention, some of these builds occasionally show up on cycling news sites and trade publications. Yet for the most part, they fly under the radar, and may be better known to the world than in hometown Tucson. From insanely lightweight, minimalist road builds to technologically advanced concept mountain bikes, they’ve have their hands in just about everything to do with cycling.

“Using specialized knowledge, unique experience, and peripheral industry access, we can devise unique, eye-catching builds within a wide range of needs and budgets,” says Phillips. “Frankly speaking, what we actually provide is an alternative to the big manufacturers’ overpriced bicycles. Why drop your hard-earned cash on an off-the-shelf $15,000 “superbike” when you could spend less on something truly original and striking, built specifically for your needs with an optimal fit for your body dimensions?” Phillips continues, “Our collaboration with the industry’s most reputable custom builders ensures smooth communication during the design phase and prompt delivery upon completion.”

For more budget-minded consumers, there exists a plethora of semi-custom options; some of our partnered builders have begun offering stock options based on the popularity of their full custom framesets. “And though we pride ourselves on our access to exotic and hard-to-find components, not every Fair Wheel build is so equipped. We have equal experience with and access to more commonly available equipment for those who value ultra-durable and proven performance at a reasonable price point.,” according to Phillips.

Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield / Picor Commercial Real Estate Services in Tucson represented the seller. Steve Cohen and Russ Hall, SIOR, GSCS, Principals and Industrial Specialists with Cushman & Wakefield / Picor Commercial Real Estate Services in Tucson represented the buyer.

Phillips can be contacted at (520) 333-6326. Rodgers can be reached at (520) 546-2714, while Cohen is at (520) 546-2750 and Hall at (520) 546-2747.[/mepr-show]

 

 




Gateway Industrial Park Sells For $1.9 Million

3690 S Park AveThis article has been archived, please login for access or subscribe now for a free trial.

Gateway Industrial Park, LLC of California (Charles Lester) sold the 34,159 sq. ft. multi-tenant property at 3690, 3710 and 3720 South Park Avenue in Tucson for[mepr-show rules=”58038″]$1.9 million ($55.62 PSF) to investor, William Lee, LLC of Flagstaff, AZ (Robert Lee Richards).

This is the investor’s second CRE venture in Tucson. In June 2010, William Lee, LLC bought 3855 W River Road in an REO and resold it in December 2012.

Gateway Industrial Park is comprised of 3 buildings built in 1980 and offers grade-level loading (10′ X 10′) to warehouse suites with I-1 zoning (light industrial). Located just north of Ajo Way on South Park Ave, this industrial flex park has frontage on Park Ave with easy ingress and egress and close proximity to I-10 and easy access to I-19.

The complex was 80% occupied at time sale with a mixture of tenants such as Marana Healthcare, A1 Garage Door Service, Systems Commissioning & Testing, Simplex, ABM Janitorial, Tucson Physical Therapy, Gaxiola & Associates, Pueblo Research Association, Elkay Manufacturing, Master Craft, Johnny Maxx, Rac Acceptance, and Natural Candles and More.

The seller was represented by Pat Welchert and Jeff Zellet of Cushman & Wakefield / Picor Commercial Real Estate Services in Tucson. The investor was represented by Ron Zimmerman of Newmark Grubb Knight Frank who will also be the new leasing agent for the property.

Welchert can be reached at (520) 546-2748 and Zellet is at (520) 546-2739. You should contact Zimmerman at (520) 248-0427.[/mepr-show]

 




Local Projects In The News

logo RED b&w 640 x 380AZCentral  reports that progress was halted on the Maricopa County Sheriff’s Office construction site at Sixth Ave. and Jackson Street in Phoenix after a bomb threat on May 1st. More than 70 construction workers were sent home after graffitti was found saying, “Bomb inside…No Work Today…Happy May Day…Stop building prisons for other workers.” A search of the building found a suspicious lunch box that turned out to be a lunch box. To sandblast the graffitti off the building will cost $10,000.

Arizona sunshine is powering 32,000 San Diego homes – or will be shortly – when the Arlington Valley Solar Energy II project is completed this year. The $500 million facility will be one of the ten largest in the world when the switch goes “on” and San Diego Gas and Electric starts buying the juice. Arizona ranks second in the nation of installed solar facilities. (AZCentral Premium content).

Work on the I-19 Interchange at Ajo Way has been moved up to a 2015 construction project. ADOT wanted to delay the interchange until 2018, but Tucson business leaders turning out at the April State Transportation Board meeting resulted in pushing the $86 million project up from 2018 to 2015. The second phase of the project that includes a new bridge over the Santa Cruz River will stay in the 2018 plan.