MARANA, AZ (April 26, 2024)—The final lot at Breakers 40 in Marana has been sold for $875,000 ($209.53 PSF), presenting a promising opportunity. The sale included an office and warehouse building totaling 4,176 square feet built in 1982 on the one-acre parcel. The buyer also acquired the adjoining one-acre lot next door, further expanding the potential of this property.
The property at 8070 and 8090 W Breakers Way in Marana is fully fenced, with a 24’ warehouse clearance height, 400 amps, 3-phase power, and three grade-level doors.
The transaction closed on March 20, 2024.
The buyer is a Phoenix-based Sun Country Truck Equipment, Inc. affiliate, c/o Tim and Derek Williams.
Breakers 40 Industrial Park consists of 16 one-acre HI zoned, one-acre lots developed by MC Tangerine Property, LLC c/o Mark Martinez. Tim Healy, with CBRE in Tucson, represented the developer.
“The lots sold out quickly over two years,” Healy said. “Meeting the stringent demands of HI Zoning for Heavy Industrial use, the industrial lots serve the needs of many diverse companies. All built on the former Breakers Water Park Site that closed in 2018.”
The developer, MC Tangerine Property, bought the 40 acres for land value, with pools and buildings included, in November 2020 and redeveloped 20 acres for 16 one-acre industrial lots. There were 35.3 net acres, with 4.7 acres reserved for an archeological dig. The sale price was $940,000 when it sold in 2020.
20 acres remain for undetermined development.
For more information, Healy should be reached at 520.323.5119.
See RED Comp #11196 and #8236 for the original acquisition in 2020.