Updated Oct 5, 2026
Catalyst Real Estate & Everview Partners Acquire 14-Property Industrial Portfolio In Tucson For $165.75M
2015 North Forbes Boulevard
$165,750,000
$133/SF
Building Size
1,245,437 SF
Asset Type
Industrial
Closing
Sep 28, 2026
About this deal
AI
The transaction involves an industrial asset located at 2015 North Forbes Boulevard along with a 14-property industrial portfolio consisting of 85 buildings in the Tucson MSA. The sale price is $165,750,000, with a total square footage of 1,245,437, translating to a price per square foot of $133.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $165,750,000
- Address: 2015 North Forbes Boulevard & 14-Property Industrial Portfolio
- Market: Tucson
- Buyer: Catalyst Real Estate & Everview Partners
- Seller: Equus Capital Partners
- Brokers: Will Strong, Molly Miller Hunt, Jack Stamets, Michael Matchett & Madeline Warren - Cushman & Wakefield
- SF: 1,245,437
- PPSF: $133
The transaction is notable for being the largest commercial real estate sale by square footage in the Tucson MSA since 2007 and holds the record as the largest industrial sale by price in the market.
On the Map
$165,750,000
$133/SF
Industrial
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Players
Tucson Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93