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Bank Owned Land Listed $1,250,000 - I-10 Adajcent

7/21/2020

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12.82 acres foreclosed
​•Recently annexed and zoned I-1
•I-10 EB, Frontage Road access
•City of Tucson has agreed to provide future cross access easement to Craycroft Road
•+2,000 SF of I-10 Frontage
•Excellent visibility with ±51,994 vehicles per day passing by the site on I-10 (MPSI Estimate 2016)
•Opportunity for advertising, land-banking or assembling for future development
•Adjacent parcels (outlined with dashed hues above) totaling ±32.30 acres maybe available from separate sellers

Listed by Brandon Rodgers and Max Fisher of Cushman & Wakefield | PICOR 
​520-465-9989 call or text
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Downtown Ind Building Listed - $1,000,000

7/16/2020

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Centrally Located Industrial Warehouse
Inquire for lease details
4,000 SF fenced yard
Dock Loading
22’ Clear Ceiling Height
 14,000 SF
0.72 acres
20% office 80% warehouse
I-1, City of Tucson

Listed by Max Fisher & Rob Glaser of Cushman & Wakefield | PICOR
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Tucson June Market Pulse

7/14/2020

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  • May felt like a solid bounce back but I'm feeling a slow down again since the last round of shut down orders. 
  • I have seen a noticeable increase in small to mid sized businesses moving to Tucson from California, New York and Oregon. Tucson continues to be a migration point.
  • Got a call today from a new business owner that is taking over the business he has worked for for years. The former business owner just killed himself because he had no more business and the debt was too much.
  • Industrial businesses that serve downtown and retail are hurting.
  • Retail tenants continue to choose to close up shop for good, especially restaurant and bar related businesses.
  • Industrial continue to stay steady due to the housing market, distribution, the defense industry, and mining industry.
  • Defense contracts seem to stay steady, supporting the Tucson manufacturing market.
  • Non defense related aerospace businesses are hurting. A friend of mine that works at an aerospace company in Mesa told me they just laid if 50% of their staff.
  • Mining continues to grow. Recent land acquisitions that are mining related have mostly been in Gila County and Cochise County. Mining exploration is growing quickly throughout Arizona.
  • The residential market continues to stay steady.
  • Drive through retail seems to prosper during COVID times.
  • Office seems pretty slow as at home work continues.
  • Downtown seems like a ghost town nowadays with new rumors every day about different businesses closing down.
  • The Tucson optics industry seems to be growing quickly. Think autonomous vehicles, medical imaging, AI (scanning, inventory, etc).
  • Businesses that are adapting are prospering, sometimes doing better than they were pre-covid, think Instakart, DoorDash, etc. 
Investors keep asking me if I have any distressed deals out there and the reality is that there really aren't any. I would expect to see investor opportunities in the next 6-12 months as the waves will most likely crash after months of working to survive the shut downs. I think we will really feel the negative impacts of this economy in 6-12 months.
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    Max Fisher, Industrial Properties Broker

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