TUCSON, ARIZONA -- The multitenant office building at 800 N Swan Road in Tucson sold to Lerdal 800, LLC (Swain Chapman of Chapman Management, managing member) for $700,000 ($70 PSF). The seller was a Canadian investment group from Ontario.
The 10,000-square-foot professional class B, office complex was built in 1982 on 1.13 acres and was 85% occupied at time of sale.
“It’s a very nice garden office property, perfect for small professional users,” Chapman commented. “Office suites range from 450 to 800-square-feet, geared for the small professional user.”
Tenants include The League of Women Voters, Acupuncturists, Psychologists and other professional uses in three single story buildings placed in a U-Shape with common courtyard.
For more information, Chapman can be reached at 520.622.5544.
To learn more, see RED Comp #5500.