TUCSON, Ariz. (August 6, 2025) – BV Shoppes, a 12,900-square-foot retail strip center at 2920 - 2930 E Broadway Blvd along East Broadway Boulevard in Tucson, changed hands twice in quick succession, highlighting continued investor appetite for added-value retail assets in the city’s core trade corridors.
The 70% leased property was first purchased by JP Family Trust (Jeramy Price) from LMG Investments, LP for $2,000,000. The sale was brokered by Dave Hammack, Principal and Retail Specialist with Cushman & Wakefield | PICOR, who represented the seller, while Jeramy Price with Volk Company represented himself.
Shortly after closing, JP Family Trust resold the property to Palms Park, LLC of Tucson for $2,350,000 ($182 PSF) in a double escrow. Joey Castillo of Volk Company represented the investor and Jeramy Price of Volk Company represented himself as the seller.
The rapid resale while in escrow reflects the strong competition among investors for well-located retail properties with high visibility in established trade areas.
BV Shoppes, positioned along East Broadway Boulevard, benefits from excellent frontage and daily traffic counts, offering convenience, access, and a diversified tenant base that contributed to its appeal for both the initial purchaser and subsequent investor. The owner plans to update the façade to match the adjacent Bisbee Breakfast Club building (2936 E Broadway), lease up the vacancies, and stabilize the asset.
For more information, Hammack can be reached at 520.546.2712, Castillo is at 520.495.2234, and Price is at 520.441.4771.
Source: RED Comp #12025.