RSD Inc purchased 2101-2103 E 19th St in the downtown industrial sub market as a distribution hub for air conditioners and air conditioning supplies.
As the demand for residential and industrial real estate increases, the demand for HVAC products, electrical products, and plumbing products has been increasing quickly. This will be RSD's second distribution building in Tucson.
The downtown industrial market hit a small bump when COVID hit due to businesses that serve the downtown retail market closing or downsizing. Since then, the downtown industrial market has bounced back. Vacancy is around 2% now and rates are steadily increasing. We can expect the downtown industrial market to continue to improve from the demand for last mile distribution and the demand from construction contractors.
Max Fisher and Rob Glaser of PICOR Commercial Real Estate represented the seller and Cushman & Wakefield of Los Angeles represented the buyer.
Max Fisher, Industrial Properties Broker