Rite Way Heating, Cooling & Plumbing Buys Industrial Building in Tucson for $3.9 Million

4551 S Alvernon Way, Tucson, AZ

TUCSON, Arizona — Walter & Sons LLC (Rick Walter, manager) of Tucson bought a 44,736-square-foot industrial building at 4551-4571 S. Alvernon Way from HS-Tucson AZ LLC an affiliate of Holoaloa HDS LLC for $3.865 million ($86 PSF). ). Built in 2000, with I-1 zoning, 24′ clear height, a 3-acre yard for parking, 2 docks / 4 grade level loading, and racking systems with in-rack sprinklers.

Located on Alvernon Way between Ajo and Irvington, the building will be owner occupied by Rite Way Heating, Cooling & Plumbing (Rick Walter, owner)

Rite Way Heating, Cooling & Plumbing started in 1959. Being Tucson born and bred, Rite Way services the surrounding areas of Marana, Catalina, Oro Valley, Vail, Sahuarita, Green Valley and Tubac.

Rite Way is also one of the few local contractors approved by Tucson Electric Power (TEP) for its 2014 Efficient Home Program, which offers energy efficiency rebates towards air conditioners, heat pumps and duct system sealing.

Specialized in the design, engineering, installation and servicing of quality comprehensive heating and cooling systems for both existing and new homes and businesses. Rite Way has 13 certified Building Analysts on staff.

Russell W. Hall and Stephen D. Cohen, with Picor, represented the buyer; the late William Di Vito, with CBRE, represented the seller.

For more information, Hall can be reached at 520.546.2747 and Cohen is at 520.546.2750.

To learn more, see RED Comp #6476.