1101 E 18th Street, Tucson, AZ
1101 E 18th Street, Tucson, AZ

The Tucson industrial sector has stayed steady over the first half of the year, with just under $25.4 million in sale transactions to-date, the median sales price was $400,000 and average year built, 1981. Of these sales $10.3 million (40.41%) were in 17 transactions in the Southern submarket near and around the airport area, and $7.1 million (28%) in 16 transactions were in the Central Tucson submarket. The Northwest submarket accounted for $3.8 million (15%) with 3 transactions in Marana while the Eastern submarket had only one sale, $3.65 million (14%) of the total. In the Western submarket there were $630,000 (2.5%) in total sales with two transactions.

Although last year at this time, there were $35.9 in volume; one sale, The Freightliner Building at 5650 E Travel Place Way represented 38% of the total. Removing this anomaly, gives a 13.8% growth in volume year-over-year.

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Foothills Business Ventures, LLC (Glenn Luchies, member) purchased an 11,300-square-foot warehouse / showroom on one acre of land near Park Avenue at 1101 E. 18th Street from Betty J. Niles for $525,000 ($46 PSF).  The buyer is an investor who intends to place the building on the market for lease.

The single tenant building was built in 1979 for Ferguson Fire & Fabrication by the seller, and occupied it as a tenant for 38 years before closing.

Gary Emerson of GRE Partners, LLC represented the buyer and has been retained as leasing agent for new owner. Betty Niles of HomeSmart Advantage Group represented the seller, herself as principal.

For additional information, Emerson can be reached at 520.777.4949.

To learn more, see RED Comp #3883.

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3220 E District St., Tucson, AZ
3220 E District St., Tucson, AZ

Main LLC of Vail, AZ (Robert Main, manager) purchased a 3,880-square-foot industrial metal warehouse with yard from Jill Steven McCain of Bisbee for $200,000 ($52 PSF) The buyer will owner occupy the property dba Vista Glass. The property was built in 1974 on a 14,178-square-foot lot off Country Club Road at District Street.

To learn more, see RED Comp #3888.

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3214 - 3220 E 46th Street, Tucson, AZ
3214 – 3220 E 46th Street, Tucson, AZ

Willis Metalcrafts, Inc. purchased a 5,000-square-foot industrial building located at 3214 – 3220 E. 46th St. in Tucson from Joseph L. Scott and Shirley C. Scott for $200,000. ($40 PSF). Built in 1969 on a 15,200-square-foot lot off Country Club at 46th Street, the buyer will owner occupy the property dba Willis Metalcrafts.

Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller.  Tom Hunt and Bob Davis with Tango Commercial Real Estate, LLC, represented the buyer in this transaction.

For more information, Hooker can be reached at 520.546.2704 and David and Hunt can be contacted at 520.276.9779.

To learn more, see RED Comp #3945.

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933 N Main Ave, Tucson, AZ
933 N Main Ave, Tucson, AZ

The Steven Huettner and Brenda P. Huettner Revocable Living Trust purchased a 3,200-square-foot industrial building located at 933 N. Main Ave. in Tucson from Kaiser Downtown, LLC for $200,000 ($63 PSF). Built in 1956 on a 16,750-square-foot lot.

Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller and Robert Redding with Centra Realty, represented the buyer in this transaction.

For additional information, contact Hooker at 520.546.2704 or Redding at 520.882.0767.

To learn more, see RED Comp #3947.

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2002-2004 E Eastland St., Tucson, AZ
2002-2004 E Eastland St., Tucson, AZ

Ritz Asset Management, LLC (Victoria Blass, manager) purchased a 16,088-square-feet of vacant land located at 2002 and 2006 E. Eastland Street in Tucson from The Diaper Bank of Southern Arizona for $46,265 ($2.88 PSF).

The buyer purchased to build in the future, dba Crest Roofing & Contracting, a commercial and residential roofing company since 1990.

Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller and Victoria Blass with RE/MAX Results, represented the buyer in this transaction.

For additional information, Hooker can be contacted at 520.546.2704 and Blass at 520.271.7257. Crest Roofing & Contracting (Michael Blass) can be reached at 520.770.0000.

To learn more, see RED Comp #3907.

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