The office building at 5820 S Nogales Hwy in Tucson sold for $265,000 ($56 PSF) to Aguiles, LLC, (Narciso Holguin) a mobile home parts dealer. The seller was Charles and Margaret Yessian of the 4,761 square-foot building in two building in 1969 and 2007. The buyer purchased to owner occupy a small portion and to lease the remainder. There were no brokers reported in the transaction.
The Law Offices of Sidney Wolinsky, an immigration attorney at 290 N Meyer Avenue in Tucson sold for $291,000 ($125 PSF). The seller was 290 North Meyer, LLC of Tucson (Roger C Wolf,
manager) and the buyer was Palacio Ruelas, LLC of Tucson (Todd… Read more
Rivendell Properties LLC et.al., affiliates of Bond Commercial Properties purchased the manufacturing facility at 7775 N Casa Grande Hwy. in Marana as a triple net sale commanded $9.65 million ($137 PSF). The 70,348 square-foot building is 90% occupied by Lasertel, with the balance leased to Proto Tech, a machine shop and supplier to Lasertel.
Bond Commercial Properties, based in Anchorage, Alaska represents commercial interests in Alaska, Arizona, New Mexico, Nevada, and Utah, and is interested in acquiring more properties.
The building was built by Lasertel in 1997 and owned and controlled by the company until selling it to a local private investment group, 2030 East, LLC (Eddy Chernecki, managing member),… Read more
Gramercy Property Trust Inc. of New York (NYSE:GPT), a real estate investment trust, has closed on the acquisition of an approximately 220,000 square foot food-grade cold storage and distribution facility located at 3701 S Avenue 3 ½ East in Yuma, Arizona. The sale price reported was $17.85 million ($81 PSF).
Yuma County boasts the longest growing season in the country and is where 90% of the nation’s leafy vegetables are grown from November through March. The building is 100% leased through September 2033 to Eastbound Farms, the leading organic food company in North America.
Built in 2001, the property had expansions added in 2004 and 2006, with 43 dock-high doors with levelers, locks,… Read more
Frontier Towing, a locally-owned and operated business, purchased the property at 3570 S Dodge Blvd in Tucson for $500,000 ($45 PSF). The 11,200 sq. ft. building (built 1983) on 1.7 acres was purchased for expansion of the buyer’s adjacent business at 3630 S Dodge Road in Tucson. The property had been vacant for about 18 months when it was sold by James LaDuc of Tucson.
The industrial property consists of a 2,200 sq. ft. office and 9,000 sq. ft. warehouse. Ceiling height is 12-16 feet with six grade level doors, zoned CI-1 with fully fenced yard.
Frontier Towing began in 1969; the current owner, Jim Mooney, purchased the business in 1993. It is a 24 hours / 7 days… Read more
Maracay Homes, an Arizona-based home builder took down the first of 54-lots at Tortolita Vista this week. This first takedown was for 7 lots at $160,000 per lot, or $1.12 million. The lots are oversized lots and will allow Maracay to have a model ready here for early next year.
Maracay will join A.F. Sterling at Tortolita Vistas, who is wrapping up with only a few homes remaining to finish.
When we spoke with Tom Lemmon, VP of Land Acquisition at Maracay Homes to discuss the recent closing of the 122 acres at Rancho Vistoso “Donut Hole” he mentioned with excitement the opening of Tortolita Vistas. “It is an extraordinary community and Maracay plans to take full advantage… Read more
Smile Spa dental office at 2494-2498 East River in Tucson transferred to Dr. Manu Alexander from the retiring Dr. Mickel Malek for $1.65 million ($220 PSF). The property consists of two legal condominiums at Hacienda Del Sol Office Complex (built 2004) that total 7,500 square-feet. The buyer is also taking over the practice from the retiring Dr. Malek and will owner occupying the suites.
JOHAJISO, LLC (Joanne Haupert and James Soward) of Tucson purchased the 1,751 square-foot office at 4858 East Broadway for $210,000 ($120 PSF). The office was built in 1962 and is located in Hoffman Addition on a 10,905 square–foot lot. The seller was Gethman Charitable… Read more