TUCSON, ARIZONA -- RBEX Inc. dba Apple Towing, purchased the airplane hanger and 18-acres at 5951 S Wilmot for $1.75 million from a local living trust.
As the largest established towing company in Houston, Texas, Apple Towing is a trusted contractor for the Houston Police Department's Asset Forfeiture Division, DEA, FBI, ATF, IRS, U.S. Customs & Border Protection, U.S. Treasury, and the U.S. Marshals Service through its auction network.
The industrial market continues to grow in a strong and steady direction as distribution and residential housing continues to grow quickly.
Arizona as a whole outpaces the rest of the country by far when it comes to unemployment rates, economic growth and real estate activity. Migration patterns continue to favor Arizona as residents migrate to Arizona from densely populated cities and states.
Reasons for Arizona migration include COVID, real estate prices, taxes, regulations and climate. As this mass migration continues, the demand for the residential market continues to stay very strong. This demand is fueling the industrial market as residential developers spur more demand for industrial supply houses and trade related businesses.
Max Fisher was with Cushman & Wakefield | PICOR at time of this transaction, however has since moved to BRD Realty.
“Migration and the upcoming wave of demand from marijuana cultivators are going to slim the industrial inventory even more over the next year,” said Max Fisher. “We can expect lease rates and sale rates to increase.”
For more information, Fisher should be contacted at 520.465.9989.
To learn more, see RED Comp #8536.