BH Properties LLC acquired the vacant industrial building located at 6700 S. Pella Dr. in Tucson, AZ, from Pella Corporation for $5.25 million, or about $20 per square foot.
The property totals 256,591 square feet and delivered in 1989. The buyer was attracted to the property for investment and already has it back on the market for lease with PICOR Commercial Real Estate Services.
Charles Pawlak and Gerald Norton of Binswanger Corporation represented the seller. Stephen Cohen and Russ Hall of PICOR represented the buyer.
Please see CoStar COMPS #2579805 for more information on this transaction.