Tucson industrial sales picked up pace in Q1 and has continued this pace through May. Local businesses needing warehouse space has kept a steady demand for industrial space, steady with sales volume. The average May sale price for Tucson industrial buildings was $431,429 with a median sale price of $410,000 this month.
Mineral Seal Corporation, a supplier of high performance specialty products for various high temperature applications bought 8,853-square-feet in three industrial condos at 1826 S Research Loop in Tucson for $850,000 ($96 PSF) to owner occupy. The company supplies seal and gasket materials, flexible graphite, braided compression mechanical packing, high temperature textiles, fiber glass and ceramic fiber cloth, tape and rope, mineral based refractory materials, mostly developed from natural minerals, providing cost-effective solutions for all industrial or R&D applications.
The seller was Tucson Industrial Real Estate Company, LLC of Tucson (Stephen Cohen, manager) also a broker with Cushman & Wakefield | Picor was self-represented in the transaction. Airtronics, Inc., a government contractor, leases the other half of building at about the same time. Airtronics manufactures and repairs military aircraft products.
To learn more Cohen can be reached at 520.546.2750. For more information login to reference RED Comp #2926.
SSM Manufacturing, LLC (Craig Benson, owner) purchased the building it had been leasing at 2699 E Valencia Road in Tucson for $625,000 ($49.35 PSF). The 12,664-square-foot building was built in 1994 on a 3.61 acre lot in Los Ranchitos, northeast of Tucson Blvd.
Rob Glaser, SIOR, CCIM, Industrial Speicialist, with Cushman & Wakefield | Picor of Tucson represented the seller Palice Investments (Paul Baker, manager). Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the buyer in the transaction.
Hall and Hooker can be contacted at 520.748.7100. For additional information, login to reference RED Comp #2870.
Delgado’s Catering (Adan Delgado) purchased a 10,179-square-foot former food distribution warehouse with four freezers, cool room, dry storage, four docks, plus office space at 741 S Campbell Avenue in Tucson for $450,000 ($44.21 PSF). Delgado’s purchased it to owner occupy as a commissary. Built in 1968 and 1986, the building sits on a .57 acre lot at the northeast corner of 18th Avenue and Campbell Avenue.
Esther Empens with Tierra Antigua Realty of Tucson represented the seller, Lynn Sadowsky of Tucson and Mark Hays also with Tierra Antigua Realty represented the buyer.
To learn more Empens can be reached at 520.271.5585 and Hays is at 520.544.2335. For additional information login to reference RED Comp #2972.