TUCSON, ARIZONA -- Lanny Bui, an investor from Sahuarita, Arizona purchased the 5,100-square-foot multi-tenant building at 702 S. Craycroft Road in Tucson as an investment, from Leftovers Dog, LLC of Tucson, (Carl Weinstein, manager) in an investment sale.
Located in the Eastern submarket of Tucson, the property sold for $550,000 ($108 PSF); occupied by such tenants as Farmer’s Insurance, Buy Low Cost Insurance, and Hunter Employment Services. The transaction closed August 13th.
The 2-story office building was built in 1979 on .31 acres and is parked 4.79 spaces per 1,000-square-feet leased.
Demand for investment properties continues to be high, with limited supply given the challenges of finding investment properties.
Cameron Casey of Oxford Realty Advisors represented the buyer in the transaction and the seller, Carl Weinstein, was self-represented.
For more information, Casey should be reached at 520.232.0200 x 106 while Weinstein can be contacted at 520.571.9400.