November 22, 2024 4:15 pm
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SOLD! Land adjacent to Port of Tucson

By Karen Schutte | Real Estate Daily News

TUCSON, ARIZONA – Tucson-based, Apollo Gardens (Sukhbinder and Jasbir Khangura) purchased 61.95 acres of industrial land at 6701 S Wilmot Road in Tucson and for $4.5 million ($1.67 PSF).

The I-2 zoned property is adjacent to the Port of Tucson and has the potential for a rail spur.

The 3 industrial buildings on the property were obsolete and given no value. The buyers purchased the land for construction of a cold storage facility and construction of other industrial use buildings for sale and for lease.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.