TUCSON, Arizona — CBRE facilitated the sale of Sierra Valencia at the northeast corner of Valencia and Hemisphere Loop in Tucson International Business Center to California investors for $6.314 million ($76 PSF). The 82,737-square-feet industrial flex building was fully occupied technically with two spaces with 9,000-square-feet soon to become available.
Built in 1990 on 5.5 acres near Tucson International Airport, the concrete tilt-up building features 16’ ceilings, 199 parking spaces with 44 covered, and fully sprinklered space for ten office / industrial tenants.
This versatile flex building covers a broad range of uses and can combine one or more uses in a single facility, including office space, research and development, showroom retail sales, light manufacturing research and development (R&D) and even small warehouse and distribution uses.
Tenant mix includes: Advanced Facility Design Architecture and Engineering, MC Technologies, Inner Step Printed Circuit Boards, 4D Technology Corporation, Protection One Security and Stratasys Direct Manufacturing.
The seller, Tucson Property Investors, LLC (Pat Lopez III, manager) was represented by the CBRE Team of Bob Delaney, Tim Healy, Michael Sandahl and Martin Encinas in Tucson.
The buyer, Sierra Valencia Properties LLC and the Tarazi Family Trust, of Tarzana, California purchased for it for investment. Delaney and Healy with CBRE are also handling the leasing of the property for the new owner.
For more information, Delaney, Healy, Sandahl and Encinas can be reached at 520.323.5100.
To learn more, see RED Comp #4739.
15100 Family Limited Partnership purchased Ajo/Evans Business Park, a 35,425-square-foot, multi-tenant industrial property located on 3.07 acres at 1100 & 1200 E. Ajo Way, and 3819 & 3855 S. Evans Blvd. in Tucson. The property was purchased for investment at $2.2 million ($62 PSF) from Ajo/Evans Business Park, LLC.
Pat Welchert, SIOR, and Jeff Zellet with Cushman & Wakefield | PICOR, represented the seller in this transaction. Welchert is now with Alpha Commercial Real Estate Service in Tucson. James Leonard with My Home Group, LLC in Tempe represented the buyer.
For more information, Zellet should be reached at 520.546.2739, Welchert is at 520.360.9394, and Leonard can be contacted at 480.685.2760.
To learn more, see RED Comp #4840.
TC Building, LLC purchased a 32,410-square-foot industrial building located at 840 – 850 E. 18th St. in Tucson, from KAR4 Properties Limited Partnership, Jay D. Farbstein Trustee of the 1995 Farbstein Arizona Trust for Jay Farbstein, and Ellen Farbstein, Trustees of the 1995 Farbstein Arizona Trust for investment at $1,617,720 ($50 PSF).
Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial specialists with Cushman & Wakefield | PICOR, represented the buyer in this transaction. Bob DeLaney and Tim Healy with CBRE, Inc. represented the seller.
For additional information, Cohen and Hall can be called at 50.748.7100 and DeLaney and Healy are at 520.323.5100.
To learn more, see RED Comp #4800.
Rocbeat, LLC (Rocco Bruno, Jr. manager) purchased a 7,974-square-foot industrial building located at 1677 S. Research Loop in Tucson, from Java Property Investments II, LLC for $499,950 ($62.69 PSF).
Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction. Greg Boccardo with Boccardo Realty represented the buyer.
For more information, contact Zimmerman at 520.546.2755 and Boccardo at 520.955.0777.
To learn more, see RED Comp #4824.
Long Far Investments, LLC (Tom Kittle, manager) purchased a 5,940-square-foot industrial building located at 19 W. Ventura St. in Tucson for $289,500 ($49 PSF). The buyer is completely remodeling the property and has it on the market available for lease.
Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR represented the seller, 19 West LLC, in this transaction.
For more information, Hooker can be reached at 520.546.2704.
To learn more, see RED Comp #4822.