Two Tucson industrial buildings were recently purchased by investors, for lease.

LARC, LLC (Kevin Cummings, member) purchased a 3,603-square-foot industrial building at 5139-5141 N Casa Grande Highway in Tucson from 5141 North Casa Grande Highway, LLC (Steve Hopkins, manager) for $400,000 ($111 PSF).

Seller occupied dba Cool Breeze Air Solutions and buyer purchased to lease. Highly visible office with two buildings with six offices, a reception area, his & her bathrooms and a conference/kitchen area in front building. Rear building has 4 offices, bathroom, with a reception area and 32,272-square-foot fenced yard. At I-10 & Sunset with light up signage and 110,000 cars driving by daily.

Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | Picor, represented the buyer in the transaction.

To learn more Zimmerman should be contacted at 520.546.2755.

For additional information see RED Comp #2493.

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Long Far Investments, LLC purchased a 4,800-square-foot industrial building at 1102 S Curtis Avenue in Tucson from MJD Ventures, Inc. for $257,590 ($54 PSF). The property was occupied by ThyssenKrupp Elevator Americas that will be changing locations.

Buyer purchased as investment for lease.

Paul Hooker, Industrial Specialist with Cushman & Wakefield | Picor, represented the buyer and Jesse Blum and Bill Divito with CBRE in Tucson, represented the seller in the transaction.

Hooker will be leasing the property for buyer.

To learn more Hooker can reached at 520.546.2704 and Blum and Divito can be called at 520.323.5100.

For additional information see RED Comp #2491.

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[mepr-show rules=”58038″]5139-5141 N Casa Grande Highway – Sale Date: 1/30/2015, buyer paid 10% down and financed with a seller carryback.

1102 S Curtis Avenue – Sale Date: 1/30/2015, buyer paid $47,590 (18%) down and financed the balance with a seller carryback. Property is on the market for lease at $.67 SF/ NNN[/mepr-show]

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from December 15-19, 2014.

INDUSTRIAL – 4551 S. ALVERNON WAY, TUCSON, AZ.
Vista Inkjets, Inc. subleased 29,800-square-feet at 4551 S. Alvernon Way in Tucson from HD Supply Holdings, LLC.  Vista Inkjets is a refiller of toner and ink cartridges for today’s printers.  Stephen Cohen and Russ Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking rate: $0.42 SF/MO NNN; Tenant Phone: 520.294.3835[/mepr-show]

OFFICE – 3300 E. SUNRISE DR., TUCSON, AZ.
Muscular Dystrophy Association, Inc. leased 22,292 square feet at 3300 E. Sunrise Dr. in Tucson from Sunrise Campbell Investors, LLC and River Center Pads, LLC.  Rick Kleiner, MBA, Principal and Office Specialist with Cushman & Wakefield | PICOR represented the tenant in this transaction.  MDA is the world’s leading nonprofit health organization sponsoring research seeking the causes of and effective treatments for neuromuscular diseases.  In March 2014, Kleiner represented MDA’s sale of the building to the landlord. [mepr-show rules=”58038″]Tenant Phone: 520.529.2000[/mepr-show]

INDUSTRIAL – 2901 E. ELVIRA RD., TUCSON, AZ.
SolarCity Corp leased 20,000-square-feet at 2901 E. Elvira Rd., Suite A-2, in Tucson from Holualoa Tucson Airport I, LLC.  Founded in 2006, SolarCity has since grown to become America’s largest solar provider with more than 6,000 employees. SolarCity makes clean energy available to homeowners, businesses, schools, non-profits and government organizations at a lower cost than they pay for energy generated by burning fossil fuels like coal, oil and natural gas.  Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, and John Grady, Director at Cushman & Wakefield in Phoenix, represented the tenant.  Bill DiVito and Jesse Blum with CBRE represented the landlord in this transaction. [mepr-show rules=”58038″]Asking rent: $0.50 SF/MO NNN ; Tenant Phone: 520.790.7517[/mepr-show]

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON, AZ.
The following businesses leased space from Presson Midway, LLC: Fangamer, LLC leased 6,000-square-feet at 4500 E. Speedway, Suite 31, 32, 33 & 45 [mepr-show rules=”58038″]Tenant Phone: 765.543.9569[/mepr-show] Solar Portables Business Inc. leased 2,400-square-feet at 4500 E. Speedway, Suite 49 & 50. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled these transactions. [mepr-show rules=”58038″]Asking rent: $0.72 – $0.80 SF/MO Modified Gross[/mepr-show]

OFFICE – 5049 E. BROADWAY BLVD., TUCSON, AZ.
Professional Medical Services leased 2,542-square-feet at 5049 E. Broadway, Suite 114 in Tucson from Catalina Council, Boy Scouts of America.  Rick Kleiner, MBA, Principal and Office Specialist with Cushman & Wakefield | PICOR, handled the transaction.[mepr-show rules=”58038″] Asking rent: $13.50 SF/YR Full Service Tenant Phone: 520.296.1206[/mepr-show]

INDUSTRIAL – 3957 E. SPEEDWAY BLVD., TUCSON, AZ.
DIY Cosmetics, LLC. renewed their lease for 1,894-square-feet at 3957 E. Speedway, Suite 207, in Tucson from Central Point Tucson, LLC.  Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.  [mepr-show rules=”58038″]Asking rent: $0.60 SF/MO NNN; Tenant Phone: 520.248.4276[/mepr-show]

OFFICE – 2380 N. FERGUSON AVE., TUCSON, AZ.
Charles Krone P.C. leased 1,316-square-feet at 2380 N. Ferguson Ave., Suite 102 in the Tucson Medical Park from TMC Holdings, Inc.  Tom Knox, SIOR, and Rick Kleiner, MBA, Principals and Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.795.7260[/mepr-show]

OFFICE – 6628 E. CARONDELET DR., TUCSON, AZ.
Community Medical Services leased approximately 1,650-square-feet of medical office space located at 6628 E. Carondelet Drive, Tucson, Arizona, from Team Anasazi, LLC, Tari Auletta, CCIM, and Doug Richardson of Tucson Realty & Trust Co. represented the Landlord and Bruce Suppes of CBRE represented the Tenant in the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.298.1650[/mepr-show]

RETAIL – 3805 W. RIVER RD., TUCSON, AZ.
Debbie Heslop, CCIM, of Volk Company represented the landlord, Orange Grove Center, LLC, in its lease of 1,200-square-feet at the Shoppes at Orange Grove to The D.M. Caldwell Corporation. The space is located at 3805 West River Road, Suite 127, and the tenant plans to operate as Stone-Crete Fabrication. Other tenants in the center include Freedom Smoke USA, Flooring America, and Sherwin Williams. [mepr-show rules=”58038″]Asking rent: $12.00 SF/YR NNN[/mepr-show]

RETAIL – 4695 N. ORACLE RD., TUCSON, AZ.
Vincent and Christian Stevens leased 900-square-feet to open a full-service hair salon in the North Oracle Plaza Strip Center at 4695 N. Oracle, Suite 112 in Tucson from 4695 North Oracle Group, LLC.  Jeff Zellet and Greg Furrier, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord and Tim DeNiro with Commercial Real Estate Group of Tucson, represented the tenant. [mepr-show rules=”58038″]Asking rent: $10.00 SF/YR NNN[/mepr-show]

OFFICE – 190 W. MAGEE, TUCSON, AZ.
Fairway Independent Mortgage Corporation leased approximately 794-square- feet of office space located at 190 W. Magee, Suite 172, Oro Valley, Arizona, from WVLC, LLC. Michael Gross and Douglas Richardson of Tucson Realty & Trust Co. represented the Landlord in the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.749.3900[/mepr-show]

Submit all sales and leases to REDailyNews@outlook.com.

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Sale price: below market. The vision: priceless.

Texas Instruments (TI) of Dallas, TX (NYSE:TXN) sold the 253,393-square-foot campus at 6730 S Tucson Blvd. in Tucson to HSL Properties of Tucson (Humberto Lopez). The property has been vacant since 2008, when TI moved into the former AOL buildings at the Williams Center, 5401 and 5421 E Williams Blvd. in Tucson, two blocks from Tucson International Airport.

HSL is well known throughout the Southwest for premier multi-family apartment communities, but has also been known to make divestitures into office and retail buildings, shopping malls, a golf course and hotels on occasions. This is their first venture into the industrial market that we found.

We spoke with Omar Mireles, Vice-President of HSL, who told us they had been looking at the property for a few years before making the decision to proceed. “HSL has a vision that includes job creation for this property,” Mireles told us. Bill Divito, First Vice-President and Jesse Blum, Associate, of CBRE in Tucson handled the purchase for HSL and have been retained to market the property for sale or for lease, in whole or in part.

Divito reaffirmed Mireles’ statement, “We have a vision to bring jobs back to this property, but it would be premature to discuss any company names we are talking to. The 17.3 acre campus, one full city block, is fully secured by a wrought iron fence. The six-building campus includes a two-story cafeteria, with mountain views that overlooks a landscaped courtyard in the center, known as the Tom Brown Center.” Texas Instrument occupied the campus after it acquired Burr-Brown Research Corporation in 2000 for $7.6 billion, the company founded by Page Burr and Tom Brown who broke ground at this location in the 1960s.

“The property has 7-megawatts power, 121,000-tons of chiller system, 587-parking spaces and a basketball court,” Divito said. “It has clean rooms, administrative office, labs, conference center, auditorium seating, and warehouse space. The only equivalent campuses in town with that kind of infrastructure are Honeywell and IBM. We are very excited with the property’s potential.” At one time there were as many as 1,400 employees working at this location, and HSL and Divito have the vision to bring the property back, complete with jobs. The property has been left as it was in September 2008, when last occupied, so there are some repairs needed to bring it back.

For more information, contact Divito at (520) 321-3339 or Blum at (520) 321-3335.

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[ismember]Sale date: $3.75 million. Sale Date: 9/16/2013. $750,000 down payment, balance conventional financing by Alliance Bank of Arizona.[/ismember]