Torch Properties Trades into Industrial Investment at Broadbent Business Park for $1 Million

TUCSON, ARIZONA – Torch Properties, through a related entity, acquired a multi-tenant industrial building located at 2102 N Forbes Blvd in the Broadbent Business Park.  Torch Properties (Brandon Rodgers, manager) is a local commercial property investment group specializing in industrial real estate was in a 1031 exchange when buying the property.

The asset sold for $1 million ($84 PSF) located in the desirable Broadbent Business Park near Grant/I-10

The flex industrial property consists of an 11,900 square-foot, multi-tenant light industrial building constructed in 1980 of concrete-tilt construction with 4 grade level roll up doors and 14-foot ceiling height.

The seller was East Park VI Holding Company of Brooklyn, NY.

Tenants of the property include:

•  Stage Tucson, a successful interior design company that has been staging homes since 2006. Stage Tucson has managed countless of hours of home renovation projects and transformed thousands of spaces.
• Mettler-Toledo, Inc, a multinational manufacturer of scales and analytical instruments. It is the largest provider of weighing instruments for use in laboratory, industrial, and food retailing applications.
• Everest Infrared, a manufacturer of infrared thermometers & sensors, temperature transducers, embedded data acquisition instrumentation, and infrared thermometer calibrators.

Rob Glaser with Cushman & Wakefield | PICOR represented the seller in the transaction. Brandon Rodgers of Torch Properties was self-represented.

For more information, Glaser can be reached at 520.546.2707 and Rodgers is at 520.612.7962.

To learn more, see RED Comp #10070.