Commercial Properties, Inc., announced the sale of a 31,682 SF industrial property located at 3195 E 36th Street in Tucson. Chad Ackerley of CPI’s Tempe office represented the new owner, Hercules Capital, the parent company of Hercules Industries from Denver. Hercules Industries manufactures and distributes high-end HVAC equipment and sheet metal, and is one of the largest of its kind in the Western and Midwestern regions of the United States.
“Increasing the footprint four times its current 8,000 SF location, indicates the future growth Hercules sees for the construction Industry in Tucson,” Ackerley said.
The seller, Horizon Relocation Services, a local moving company, was recently acquired after being family run for 90 years in Tucson by Suddath Relocation Systems in Jacksonville, Fla. Steve Cohen of Cushman & Wakefield represented Horizon in the transaction.
The sale was valued at $1.7M ($53 PSF) with 2.6 acres.