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Tuesday, September 7, 2010 |
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| Tucson Commerce Center and Medina Business Park Purchased |
By PICOR |
PICOR |
December 8, 2008
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U.S. Real Estate Investment Fund has purchased the Tucson Commerce Center and Medina Business Park, located at 2929 East Corona Road, 6050 South Country Club Drive, 2900 & 3000 East Elvira Road and 2201 & 2425 East Elvira Road, Tucson, Arizona for $48,300,000.
The six-building, multi-tenant industrial portfolio totaling 606,000 rentable square feet also includes surface parking spaces and is comprised of two adjacent industrial parks: Medina Business Park I & II and Tucson Commerce Center I-IV. Additionally, the 40-acre site also includes four acres of land for future development opportunities.
The 14-acre Medina Business Park offers two industrial/flex buildings totaling 199,709 rentable square feet. The 406,300-square-foot Tucson Commerce Center consists of four single-tenant and multi-tenant buildings.
The portfolio is conveniently located adjacent to Tucson International Airport and is in close proximity to the Interstate 10 and Interstate 19 Freeways.
Steve Cohen and Russ Hall, Industrial Specialists with PICOR Commercial Real Estate Services, a Cushman & Wakefield Alliance Member, represented the Seller, MEF Realty LLC.
For more information please contact PICOR at (520) 748-7100.
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