$4.9 Million Industrial IOS Acquisition in Tucson, AZ

Commercial Properties, Inc. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the successful sale of a 45,042 SF industrial asset situated on ±10.93 acres located at 450 E. Irvington Road in Tucson, Arizona. The transaction closed for a total consideration of $4,900,000.00/$108.78 PSF.

Jeff Hays and Sam Rutledge of Commercial Properties, Inc. represented the buyer, 450 Propco Tucson (Capital Bay Partners), in the acquisition. The purchase highlights the continued institutional and private demand for high-utility industrial assets within the Tucson South submarket. ” We’re excited to add this asset to our portfolio and continue expanding our footprint in high-demand industrial markets, stated Capital Bay Partners. “Thank you to Jeff Hays and Samuel Rutledge for getting this deal smoothly across the finish line.”

The property, as noted above, is situated on a ±10.93-acre site, features approximately 45,000 square feet of industrial buildings. Notably, the site is a well-established hub for building material distribution, currently 100% leased to Arizona Building Supply (a division of US LBM). Its strategic location provides exceptional logistical advantages, sitting just one mile from Interstate 10 and approximately four miles from Tucson International Airport.

“This acquisition represents a significant opportunity for our client to secure a mission-critical industrial, rail-served site with substantial outdoor storage—a commodity that is increasingly scarce in today’s market,” said Jeff Hays, Senior Vice President at CPI. “The combination of a long-standing tenant and the property’s proximity to major transportation infrastructure makes it a premier addition to Capital Bay Partners’ portfolio. We’d like to recognize Brandon Pike and Justin Smith with Capital Bay Partners and the Listing Broker, Mark Williams with Preferred Real Estate Brokers.”

The site’s features include a functional warehouse layout, an active rail spur, and extensive usable acreage zoned for Light Industrial (I-1) use. This sale follows a strong year of activity for the Hays/Rutledge team, which continues to be a dominant force in the Arizona industrial and Industrial Outdoor Storage (IOS) sectors.

For additional information, please contact Jeff Hays at jhays@cpiaz.com or (480) 889-2552, or Sam Rutledge at srutledge@cpiaz.com or (480) 621-3292.

About Commercial Properties Inc.
Established in 1981, Commercial Properties Inc. (CPI) is a full-service brokerage and property management firm for all product types of commercial real estate. Headquartered in Tempe, the company has more than 65 brokers and operates throughout the Phoenix metropolitan area. Currently, CPI’s listings include over 21.6 million square feet for sale/lease with more than 210 projects and associations under management, totaling over 14 million square feet.

CPI is the Phoenix affiliate of CORFAC International, comprised of privately held brokerage and property management service providers in 70+ national and international markets. To learn more, please visit us online at www.cpiaz.com