The Villas at 5850 on East 22nd Street, Tucson

TUCSON, AZ (December 5, 2025) — A 12-unit multifamily community along East 22nd Street has sold for $1,100,000 in a value-add investment transaction that reflects the continued strength of Tucson’s small-unit rental market. The property, known as Villas at 5850, includes six one-story duplex buildings constructed in 1954 and situated across four commercial-zoned parcels in the Craycroft Addition subdivision. The community features renovated one-bedroom, one-bathroom units with in-unit washer and dryer setups, private gated backyards, and a fully fenced lot. One unit was vacant at the time of sale.

The seller, Villas at 5850 LLC of Scottsdale, transferred the property to CT2 Properties LLC of Walnut Creek, California, in an investment sale recorded on November 7, 2025. With a price per unit of $91,666, the transaction underscores investor interest in stabilized, updated rental housing in established infill neighborhoods. The East Tucson submarket continues to attract out-of-state buyers seeking durable occupancy, steady rent performance, and properties well-positioned for long-term cash flow.

Joseph Bernard Investment Real Estate represented both sides of the transaction. Joe Chaplik acted for the seller, while Joe Boyle represented the buyer. For more information, Chaplik and Boyle can be reached at 480-305-5600.

Source: RED Comp #12194

MARANA, AZ (December 4, 2025) — A 44.1-acre commercial land parcel along I-10 in Northwest Marana has sold for $2,500,000 ($56,689 / acre, $1.30 PSF) for RV Storage and landscaping business. The site, located at 11135 W Adonis Road, sits near the southeast corner of Adonis Road and Grier Road and features over 2,200 linear feet of interstate frontage.

The buyer, K2 Properties LLC of Mesa, AZ, acquired the property from 11135 Adonis Holdings LLC, an Edina, Minnesota–based owner. The sale included a seller-carryback component.

The transaction closed on November 19, 2025, and is zoned E – Transportation Corridor.

The buyer, Kelly Shepherd, manager of K2 Properties LLC, intends to develop with partners:

• An RV storage facility on the southern 20 acres, and
• A landscaping materials business with a storage yard on the remaining acreage.

The level site has existing water and power at the property line and potential sewer access. The Town of Marana has indicated support for near-term development and plans to complete Adonis Road to provide improved connectivity to the rapidly expanding Tangerine Road/I-10 corridor, which includes a planned 4,500-home mixed-use master-planned community just north of this site.

Strategic Location

The parcel’s high-visibility position along I-10, combined with its proximity to large-scale housing and commercial development, makes it well-suited for:

• RV and boat storage
• Contractor yards
• Industrial outdoor storage
• Mixed-use warehouse or service-commercial operations

Edan Baehmann with Cushman & Wakefield | Phoenix represented the seller. Kristen Shepherd with Gentry Realty in Gilbert is related to the buyer and was the buyer’s representative.

For more information, contact Baehmann at 602-999-4542, or Kristen Shepherd at 480-750-9910.

Source: RED Comp #12203.

TUCSON, Ariz. (December 2, 2025) — A newly constructed 11-unit multifamily community, “The 11 on Limberlost” has sold for $2,000,000 in a transaction that closed on November 20, 2025. The sale reflects pricing of $181,818 per unit and $165.29 per square foot.

Built in 2025, the 12,100-square-foot community comprises eleven 2-bedroom / 2-bathroom units and was completed in August 2025, following construction permits issued on December 18, 2024. The development transformed a previously vacant infill parcel into a modern, turnkey rental community with strong appeal to renters.

The property includes a gated perimeter and secured entry, beautifully finished interiors, in-unit washers and dryers, and air conditioning in all units, aligning with current demand for high-quality, low-maintenance rental housing.

Because Limberlost includes a broad mix of older homes, modest single-family residences, and an increasing amount of new infill redevelopment, this 11-unit project represents a value-added, modern infill product that fills a clear niche: renters seeking newer units in an established — but not luxury-priced — neighborhood. Given the sales and rental price levels for older housing stock in Limberlost, these newly constructed units may command a premium, supporting stable rental demand and strong occupancy. The neighborhood’s location, with convenient access to amenities, transit routes, and central Tucson, further enhances its appeal to tenants who prioritize convenience and modern finishes over suburban location.

The seller was JCM Development.

The brokerage team of Allan Mendelsberg and Joey Martinez with Cushman & Wakefield|PICOR Multi-Family handled the transaction. Contact Allen Mendelssberg at 520.546.2721 and Joey Martinez at 520.546.2730, for more information.

Source: RED Comp #12207