TUCSON, AZ (Jan. 31, 2024) – Three lots within the master-planned commercial and industrial park of Rita Ranch Commerce Center were sold recently to local businesses. Zoned I-1 and I-2, the 256-acre Rita Ranch Commerce Center is located northwest of Houghton and Old Vail Road in the southeast submarket of Tucson, near the UA Tech Park and Rita Crossing and adjacent to Houghton Town Center. Some of the businesses in the center include TuSimple, Blue Bell Creameries, Direct TV, Acacia Windows & Doors, and Tractor Supply, which are coming soon.
Lot 26, a 2.24-acre industrial lot at 9617 E Old Vail Road in Tucson, sold for $416,390 ($4.27 PSF) to Pools By Design (Ken Larison, manager) to construct a showroom/warehouse and contractor yard for the company.
Lot 29, a 1.7-acre industrial lot at 9537 E Old Vail Road in Tucson, sold for $295,652 (3.99 PSF). The buyer owns Stark Electric Company (Rober B Stark) and purchased the lot for a company contractor yard and future building.
Lot 27, a 1.68-acre industrial lot, was sold for $293,336 ($4.00 PSF). The buyer is South32Hermosa, Inc., the manganese and zinc mine in Patagonia. The lot will be used as a park-and-ride for employees. The address is 9597 E Old Vail Road in Tucson. Manganese and zinc are ‘essential minerals’ for powering the world’s clean energy future.
The seller, Rita Commerce Development Company, an affiliate of Diamond Ventures, is represented by Paul Hooker and Jesse Blum of Cushman & Wakefield | PICOR. Bob Davis of Tango Commercial Real Estate represented the buyer of lot 26 for Pools By Design.
For more information, Hooker can be reached at 520.546.2704, and Blum is at 520.546.2772. Davis should be called at 520.906.5682.
To learn more, see RED Comps #10972, #11053, and #11068