TUCSON, ARIZONA — Galeria del Rio, a premiere townhome rental community in Tucson sold to Utah-based, McDonnell Tudor, LLC for $32.025 million ($317,079 per unit). Setting the highest price per unit this year.

Located along the River Road corridor in northwest Tucson, the property is within easy access to Interstate-10, at 5132 N Prairie Clover Trail in Tucson. The property was completed in December 2014 and was 98% occupied at time of sale. Consisting of 101 units with attached two-car garages in two- three- and four-bedroom floorplans.

The property has 101-separate lots, two common areas and a clubhouse/amenity lot developed with the additional exit strategy of converting the rentals into for-sale townhomes.

Galeria del Rio is state-of-the-art design with 9-foot ceilings, open floor plans, private entries and private backyards with masonry walls. The average three- and four-bedroom units at Galeria del Rio are 1,573-square feet. Each unit includes a two-car garage with remote openers.

Unit interiors feature black kitchen appliances package, granite countertops, breakfast bars, kitchen pantries, elegant wood cabinets and brushed nickel fixtures. Also included in each unit are full sized washer and dryer, larger walk-in closets with carpet and ceramic tile floors throughout.

Community amenities include a beautifully designed neighborhood center with gourmet coffee bar, tenant computer area with scanner, complimentary Wi-Fi hot spot, pool, spa with gas Bar-B-Que, and dog park. Property units are individually metered for electric, water and sewer.

Art and Clint Wadlund with Berkadia of Tucson represented the seller, Capital Square Asset Management of VA.

For more information, Art can be contacted at 520.299.7200 and Clint should be reached at 520.615.1100.

To learn more, see RED Comp #8974.

PHOENIX, ARIZONA — CBRE announced the $7.3 million sale of a 55,000 square-foot property in Phoenix.

CBRE’s Barry Gabel, Chris Marchildon and Will Mast represented the seller, a California-based private equity group. Greg Hopley with Colliers International represented the buyer, Goettl Air Conditioning & Plumbing.

Located at 4611 East Baseline Road, the single-story back-office property was built in 1999 and was 100 percent vacant at the time of sale. The building, which is located one mile west of the Interstate 10 Freeway, has been occupied by a single occupant since 2004. The property, which sits on 6.61 acres of land and offers an expansive parking field, was engineered and designed to accommodate a second story.

“The facility will be updated for the Arizona brand Goettl Air Conditioning & Plumbing,” said Ken Goodrich, CEO. “The Baseline facility is the perfect location for Goettl’s next chapter of growth, further building upon our incredible 82-year Arizona legacy.”

The property is located within Pointe South Mountain Business Park, which features the 640-room Arizona Grand Resort and Golf Course. It is also in proximity to Arizona Mills Mall, Sky Harbor International Airport and Arizona State University.

“The property is ideally located and will be a terrific owner-user facility for the buyer for many years to come,” said Gabel.

Added Marchildon, “The new ownership is planning on improving the property for their own use and intend on installing such features as loading doors to accommodate warehousing, interior office enhancements and taking advantage of the large site area for company vehicle storage.”

A recent survey of commercial real estate investors ranked Phoenix as a top-10 target among Americas metros. The Sun Belt market jumped five spots to #4 in CBRE’s 2021 Americas Investor Intentions Survey.

TUCSON, Ariz –  Sundt Construction, Inc., ranked No. 5 on Engineering News Record’s (ENR) 2021 Top Southwest Contractors list. ENR, the construction industry’s principal trade publication, generates its regional list based on the prior year’s construction revenue. Sundt has consistently ranked in the top five of ENR Southwest’s Top Contractors.

Sundt reported over $654.72 million in construction revenue in the Southwest during 2020. More than $163 million came from manufacturing projects, placing Sundt No. 2 in that sector. Besides its manufacturing revenue, 30% of its revenue in the region was from general buildings and 21% from sewage and solid waste projects.

The following southwest region projects were included in the company’s 2020 revenue figures: Gila River Hotels & Casino – Wildhorse Pass Expansion, Sun Health’s Grandview Terrace remodel and expansion, Inspirata Pointe at Royal Oaks, UArizona’s Student Success District, Interstate-10 and Ruthrauff Road interchange improvements, Benedictine Monastery’s renovation and new apartment buildings, The Gallery on Fifth apartments, the renovation and improvements to the Tucson Convention Center, a confidential Fortune 500 data center project and work for a global semiconductor manufacturing company.

Nationally, Sundt ranks No. 58 on ENR’s 2021 Top 400 contractors list. Headquartered in Tempe, Sundt also ranked No. 55 on the publication’s national list of Top 100 Design-Build Firms and No. 52 on its national list of Top 100 Construction Management-at-Risk Firms.