Last-Mile Amazon Distribution Center Sells in Tucson

Two teams from Cushman & Wakefield arranged the sale of the Amazon Last Mile Distribution building at 775 W Silverlake Road in Tucson in a net investment sale for $22.3 Million ($451 PSF). The 49,500-square-foot distribution center with 15 loading docks, is located near I-10 and I-19, close to downtown Tucson.

The Amazon “last mile” Distribution Center was constructed in 2019 on the 10.74-acre parcel and leased to Amazon.

The investment group, FEM Real Estate out of New Jersey, who purchased it for $18 million ($364 PSF) in July 2012, was the seller. The Varnhagen Family Trust of San Francisco, was the buyer with 7 years remaining on the lease and three 5-year options.

Andrew Bogardus and Douglas Longyear of Cushman & Wakefield in San Francisco with Steve Cohen of Cushman & Wakefield | Picor in Tucson handled the transaction for the seller and Michael Kuhn from the San Francisco Bay area represented the buyer.