Four transactions of Tucson industrial properties sold recently with an aggregate of $5.18 million for a total of 82,661-square-feet.
Tucson Development of Tucson (Clifford Halbert) sold a 25,000-square-foot industrial building at 6450 E Valencia for $3 million ($120 PSF). The buyer was a tenant prior to sale dba Border’ International with offices in New Mexico, Texas and Arizona, selling used trucks and trailers. The property is on 9.73 acres of fenced land with a fenced yard and 650 feet of landscaped Valencia Road frontage. There were no brokers involved in the sale.
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744 Euclid, LLC (Pat Welchert) of Tucson traded the 12,440-square-foot industrial building at 744 S Euclid in Tucson for $540,000 ($44 PSF) to EAW, LLC of Tucson (Jason Douglas) for three retail buildings located at 214, 232 and 244 West Grant Road in Tucson from the City of Tucson for $940,000 ($41 PSF). The property was being sold as excess property for the City of Tucson and consisted of ±23,800-square-feet in total on a land parcel of ±1.55 acres zoned C-2.
The buildings are located at 214 W Grant Road sold vacant with ±4,900-square-feet single story masonry warehouse (built 1981), 232 W Grant Road leased ±11,900-square-feet single story masonry warehouse (built 1981) and leased to Kelly Paper at a current annual net rent of $72,195.96; 244 W Grant Road was vacant with ±7,000-square-feet single story masonry formerly an auto repair facility (built 1987).
Pat Welchert, SIOR, Industrial Specialist with Cushman & Wakefield | Picor represented 744 Euclid, LLC and Dave Blanchette, CCIM, and Ian Stuart, Vice President with CBRE Tucson represented the City of Tucson in the transaction.
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Gould Family Properties VIII, LLC (Wayne Gould) of Tucson acquired the 21,421-square-foot industrial building at 990 S Cherry Avenue in Tucson for $700,000 ($33 PSF) from JCBP, LLC (James Cain) of Tucson. The buyer purchased to owner occupy.
Steve Cohen and Russ Hall represented the seller, JCBP, while Allen Mendelsberg and Brandon Rodgers, CCIM, with Cushman & Wakefield | Picor of Tucson represented the Gould Family Properties in the transaction.
To learn more Cohen, Hall, Rodgers and Mendelsberg should be contacted at Cushman & Wakefield | Picor, 520.748.7100. Blanchette at CBRE in Tucson can be reached at 520.323.5138 and Stuart is at 520.323.5180.