VIAONE Executes $3.7M AMR-Rural/Metro Fire Station Investment Sale in San Tan Valley, AZ

VIAONE Properties arranges the sale of a +6,389 square-foot, single-tenant NN fire station occupied by AMR-Rural/Metro at 28353 N. Main Street in San Tan Valley for $3.7M.

Copper Basin Station (#843) is Pinal County’s first build-to-suite fire station. The Station was completed for Rural/Metro in 2007 to serve the rapidly growing areas of eastern Pinal County. The property was 100% leased at closing by AMR-Rural/Metro on a newly exercised 10-year lease term.

VIAONE Properties, represented the Seller, Luge and Sons Development Inc. of Phoenix, AZ in the transaction and Hyres International, Cat Isfan represented the Buyer, Dumitru and Maria Popescu of Chicago, IL in the transaction.

This marks the second AMR-Rural/Metro Fire Station sold by VIAONE out of a portfolio owned by Luge
and Sons Development. “This was a nice deal profile where the Buyer was able to lock in a favorable long-term net lease with a strong covenant subject to annual increases very difficult to find in this operating environment”, added Marc Bonilla with VIAONE.