TUCSON, Arizona – The Rosenthal Trust (Rick Rosenthal, manager) purchased the industrial building at 2002-2044 E 14th Street in Tucson for $1.3 million ($57 PSF). The 22,273-square-foot building located in the South Dodge Business Center sold as a “value-add” investment and was purchased to reposition.
The buyer was attracted to the property for its “old world charm”, with double brick construction that has served a light industrial use since 1954.
The multitenant spaces range in size from 1,655 – 4,200-suqare-foot spaces and is occupied by several well-known artists such as Dawn Brandt of Tucson Iron and Violet Kasser of Red Violet Art. The buyer had looked at and considered buying the building for several years as a potential artist gallery or even artist loft-style live / work units, and acted quickly when he heard it was on the market.
The buyer has redeveloped other local buildings as the owner of Morning Star Traders for over 45 years at 2020 E Speedway in Tucson. Morning Star Traders offers an exceptional and extensive selection of old and new Native American Indian jewelry, pottery, baskets, fetishes, Navajo textiles, and much more from the Southwest. It has one of the finest selections of antique furniture, including pieces from Spain, South America, and New Mexico and is known for museum quality pieces.
Brandon Rodgers, SIOR, CCIM and Paul Hooker, Principals and Industrial Specialists with Cushman & Wakefield | PICOR, represented the seller, 14th Street Partners, LLC (Mic Williams, manager).
For more information, Rodgers and Hooker can be reached at 520.748.7100.
To learn more, see RED Comp #6908.