Arizona State Credit Union purchased 65,277-square-foot parcel at San Dorado Retail Center for $1.5 million ($23 PSF). The site is ready for construction of up to a 4,500-square-foot building.
Located at the strongest intersection in Oro Valley, this specialty center is quickly becoming the main focus for retail activity for Oro Valley, Rancho Vistoso and all of the smaller communities to the north. This area is experiencing continued residential growth and offers some of the strongest household incomes in Metro Tucson.
Mark Taylor has built 275 Class A apartments North of 1st Ave to help bolster that residential growth.
The recently built San Dorado Retail Center has been extremely successful with only a 1,650-square-foot end cap with outdoor seating remaining in built space. Several pads are still available and additional Pusch View office/retail space is planned in Q1 2016 as Phase II, Teal Bloom of Phoenix Commercial Advisors told us.
Arizona State Credit Union is a $1.3 billion full-service, not-for-profit financial cooperative with a statewide branch network serving the people of Arizona. More than 130,000 Arizonans turn to Arizona State Credit Union for outstanding service and value. Arizona State Credit Union has grown dramatically since its founding in 1951, providing a full line of financial products and services at 22 branches across the state. Nearly 60 years of excellence and outstanding customer service have helped the Credit Union become a four-time winner of Arizona Business Magazine’s Ranking Arizona and a four-time recipient of the Peter Barron Stark Companies’ Award for Workplace Excellence™. Arizona State Credit Union is headquartered in Phoenix and welcomes membership from businesses and individuals throughout the state.
Greg Laing, Tyler Chester and Teal Bloom with Phoenix Commercial Advisors represented the seller, KDC San Dorado, an affiliate of Kittchell Development Company of Phoenix, AZ (Jeffrey Allen, president). Scott Cole with Cole Real Estate Services in Scottsdale represented the buyer.
For more information, Laing can be reached at 602.734.7207, Chester is at 602.288.3480 and Bloom should be contacted at 602.288.3476. Cole can be called at 480.614.1534.
To learn more, see RED Comp #3466.
