ORO VALLEY (December 16, 2025) -- Canada Crossroads, a neighborhood retail center located at 10325 N. La Cañada Drive in Oro Valley, at the southwest corner of La Cañada Drive and Lambert Lane, sold for $5.685 million, reflecting continued investor demand for stabilized retail assets in the Northwest submarket.
The property consists of two buildings totaling 26,348 square feet on 4.25 acres, constructed in 2000. The center sold at approximately $215.77 per square foot, a valuation consistent with well-located strip centers along Oro Valley’s primary commercial corridor. At the time of sale, the center had 16 tenant spaces, two of which were vacant.
The transaction closed on November 12, 2025.
In a separate transaction, a commercial pad located immediately adjacent to the center sold for $925,000 to Glenwood Development Company, positioning the site for future ground-up retail development with a drive-thru component. The pad is located at 10375 N. La Cañada Drive, at the southwest hard corner of La Cañada Drive and Lambert Lane, and is expected to support a single-tenant retail concept, further enhancing the Canada Crossroads corridor.
The seller, Peregrine Investments II LLC, conveyed both the neighborhood center and the pad in all-cash sales. The buyer of the retail center, Canada Crossroads Baceline, LLC, is a Denver-based private investor managed by Dusty Batsell, highlighting continued out-of-state capital targeting Southern Arizona retail. Glenwood Development Company acquired the pad as a separate transaction earlier, on October 22, 2025.
Both transactions were marketed by Matthews Real Estate Investment Services, with Josh Jenkins and Alex DeSoto representing the seller in both.
Canada Crossroads benefits from strong demographics, long-term residential growth, and proximity to established neighborhoods and employment centers. The dual sale underscores the premium investors and developers continue to place on Oro Valley retail, where limited new supply, stable tenancy, and infill pad opportunities support long-term performance.
For more information, contact Jenkins and DeSoto at 866.889.0550.
Source: RED Comp #12192 and #12161.