TUCSON, ARIZONA, September 28, 2022 – The Tucson International Raceway property at 4300 E Los Reales Road in Tucson sold for redevelopment at $7.6 million ($1.80 PSF).
The Raceway has been closed for several years and property’s 97-acres sold for land value with 6,468 square feet of improvements in 5 buildings, plus the racetrack and grandstands.
The buyer, Schnitzer Properties c/o Bill Rodewald, is an industrial developer that purchased the property for future development. It is located to the east of the new I-10 International Industrial Park site, a 1- million-square-foot development by Lincoln Property Company at 4150 E Los Reales Road, announced in June 2022.
The transaction closed September 22, 2022.
Rob Glaser and Jesse Blum of Cushman & Wakefield | PICOR represented the buyer. Tauna Robley with Tucson Realty Solutions represented the seller, Raceway Partners, LLC c/o Robert Robley.
For more information, Glaser and Blum should be contacted at 520.748.7100; Robley can be reached at 520.812.7763.
To learn more, see RED Comp #10200.