TUCSON, AZ – Vacant land located at the northeast corner of Valencia and Headley Roads, Tucson, AZ, has been sold to a multi-family investor for the expansion of The Woods Apartments at Midvale Park, 1970 W Valencia Rd in Tucson.
The 7.046 acres sold for $1 million ($3.25 PSF). The transaction closed on October 20, 2020.
The Woods Apartments was built in 1984 and sits on 6.2 acres and is managed by Quarterpenny Management, a reputable property management company. The Woods Apartments offers one- to two-bedroom apartments ranging in size from 467- to 911-square-feet. Amenities include Air Conditioner, Basketball Court, Clubhouse, Covered Parking, Fitness Center and more.
Craig Finfrock of Commercial Retail Advisors, LLC represented the seller, Headley & Valencia, LLC, and Gordon Wagner of NAI Horizon represented the buyer, The Woods 3, LLC, an affiliate of Quarterpenny Management (Pamela J. Farthing, President) in this transaction.
For more information, Finfrock can be reached at 520.290.3200 and Wagner should be contacted at 520.398.5130.
To learn more, see RED Comp #8189.