Medical Office in Wilmot Office Park Sells for $1.316 Million

 

TUCSON, AZ (February 6, 2025) — Redstone, LLC of College Grove, TN, has purchased the 5,361-square-foot office building at 1951 N. Wilmot Rd., Bldg. #3, in Tucson for $1,316,000 ($245 PSF).

The transaction closed on January 30, 2025.

Built in 2005, Arizona Internal Medicine Specialists occupied the medical office at the time of sale in Wilmot Office Park Condos.

In the transaction, CARR, Inc. represented the buyer, and Nancy Gansline and Douglas Marsh of Oxford Realty Advisors represented the seller, Wilmot Building, LLC of Tucson.

Gansline and Marsh should be contacted for more information at 520.232.0200.

Subscribers should refer to RED Comp #11736 to learn more.

 

 



Industrial Building Sells to be owner occupied and to lease

TUCSON, AZ (February 6, 2025) — Usable Surface Property Investment LLC of Tucson (Cory Hanson, manager) purchased 3820 – 3832 E. 40th Street for $699,152.50 ($92 PSF) in an all-cash transaction.

Built in 1960, the 7,600-square-foot industrial building has two grade-level roll-up doors, four ACs, and two evap: coolers, three-phase power, four restrooms, and a fenced and gated yard.

The buyer plans to occupy half of the building and lease the other half. The transaction closed on January 22, 2025.

David Carroll with Paul Ash Commercial Real Estate represented the buyer, and Ellen Golden with Goldsmith Real Estate represented the seller, CL & LL Properties, Inc. of Tucson.

Carroll can be reached at 520.795.2100, and Golden is at 520.795.2100 for more information on this transaction.

To learn more, subscribers should refer to RED Comp #11726.



Marana Industrial Park Sells for $2.52 Million

MARANA, AZ (February 5, 2025) — The industrial park at 6898-6910 N Camino Martin in Marana, AZ, sold for $2,525,000 ($95.64 PSF).

The 26,400-square-foot, 9-tenant, flex/industrial business park is in one of the most sought-after industrial markets in the region, with 1,500-5,700-square-foot bays and convenient access to I-10. Built in 2002, each bay has 10×12 grade-level roll-up doors, 3-phase power, and a sprinkler system.

Max Fisher with BRD Realty represented the seller, Acorn Ventures. Alex Demeroutis and Andrew Keim, with Cushman & Wakefield | PICOR represented the buyer, FJM Investments.

The transaction closed on January 31, 2025.

“There was no vacancy at the time of the sale,” said Fisher. “The Northwest industrial/flex market continues to strengthen as vacancy remains low, demand remains high, and construction for small-medium bays is slim to none.”

Fisher should be reached at 520.465.9989 and Demeroutis and Keim at 520.748.7100 for more information.