December 15, 2010 [CoStar] - Kinder Morgan, Inc. has purchased a 10,000-square-foot oil terminal at 5110 W. Madison St. in Phoenix, AZ, along with 9.69 acres of land at 3865 E. Refinery Way in Tucson, AZ, from Chevron USA, Inc. for approximately $10.7 million.
The properties include a terminal with oil storage tanks that the buyer and seller jointly developed. Kinder Morgan owns the oil pipeline that runs from El Paso, TX to Tucson and Phoenix.
Each sale closed separately as part of a bulk portfolio transaction.
