Three Tucson industrial investment properties sold for $1.6 Million, 2030 N Forbes in the Broadbent Business Park, 3137 E Greenlee Road, and 637 S Vine Ave.
An investor from Rancho Mirage, CA, M.A.O.R.I., LLC purchased a 12,000-square-foot industrial building at 2030 N. Forbes Blvd. in Tucson from Alamos Ventures, LLC for $1,080,000 ($90 PSF). Built in 1978, the multi-tenant industrial property has five tenants and was fully leased at the time of sale.
Tenants included Yarbrough Electronics Sales, Veteran Security, Consolidated Electrical Supplies, Elite Community Services and BlueSky Matrix Products.
Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller and Nic Chavira formerly with Rein & Grossoehme Commercial Real Estate and currently with Tango Commercial Real Estate Services represented the investor.
Picor Property Management will continue management of the property for the new owner.
To learn more Rodgers can be reached at 520.546.2714 and Chavira can be contacted at 520.982.9017. See also RED Comp # 3132 for additional information.
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E.A.T Partners of Tucson (Eric Freeman and Tim Freeman, managing partners) purchased a 6,881-square-foot multi-tenant industrial office / contractor yard at 3137 E Greenlee in Tucson from The Kern Family (John, Linda, and Jeffrey Kern, members) for $264,500 ($38 PSF). Built circa 1975m the property consists of three buildings on a 36,000-square-foot lot.
The front office is 1,435-square-feet and rear office buildings divided into four separate suites with two fenced storage buildings with roll up doors and fenced yards.
Tony Reed with Long Realty of Tucson handled the transaction representing the seller.
To learn more Reed should be contacted at 520.918.5189. See also RED Comp #3082 for additional information.
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Chargers 1, LLC if Tucson (Brandon Rodgers, managing member) purchased a 5,250-square-foot industrial building at 637 S. Vine Ave. in Tucson from Net Real Estate I, LLC for $250,000 ($48 PSF). Property is a single tenant investment, built 1979, and occupied by PetersenDean, a commercial and residential roof and solar contractor founded in 1984 and headquartered in California, with 15 regional offices in five states.
The tenant has occupied the property for 13 years.
Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the buyer and Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.
To learn more Rodgers can be reached at 520.546.2714 and Hooker is at 520.546.2704. For additional information see RED Comp #3098.