$50.46M Sale, SALC Building #2 Trades for Undisclosed Tenant

SALC Building

MARANA, AZ (February 2, 2026) — A major Northwest Tucson industrial facility has quietly changed hands — and the most important detail is the one that isn’t being disclosed.

Southern Arizona Logistics Center (SALC) Building #2 is a 435,023-square-foot concrete tilt-up warehouse at 10070 W. Clark Farm Blvd. in Marana, and was sold for $50,462,671 ($116 PSF) in an investment sale to lease. It closed Jan. 28, 2026. The seller was Southern Arizona Logistics Center LLC, c/o Flint Development, and the buyer was ET Marana V LLC, c/o ElmTree Funds, now owned by BlackRock.

The property was marketed by CBRE, with Tim Healy as the primary contact, and John Werstler, SIOR, and Tanner Ferrandi (CBRE Phoenix) served as listing brokers for the sale. Rob Glaser, SIOR, CCIM, of Cushman & Wakefield | PICOR, with Steve Shields and Peter Wessling of Transportation Property Company of California, represented the buyer.

But while the sale itself is now public, one question still hangs in the air: who will occupy one of the largest newly built industrial properties?  Everyone involved has signed NDAs. The transaction also shows an additional loan amount over the purchase price or $55,055,000 recorded (an $11-$12 PSF TIs) — a detail that will keep the market watching, because buildings of this scale don’t trade lightly and rarely do so without a clear end-user strategy.

Completed in 2023, the facility was designed for modern warehousing and high-volume distribution, with 88 dock doors, four drive-in doors, 133 trailer spaces, 243 parking spaces, and a 36-foot clear height. The property sits on 36.43 acres within the Southern Arizona Logistics Center subdivision, a master-planned industrial setting built for large-scale warehousing.

For brokers, users, and investors tracking the I-10 corridor, this is the kind of transaction that often precedes a headline — not just because of the price tag, but because the next move can signal what’s coming to the Northwest submarket: a regional distribution user, a national fulfillment operation, a major contractor, or another high-velocity logistics tenant drawn to trailer capacity, clear height, and immediate interstate access?




Angie’s Prime Grill net-leased drive-thru sells on Campbell for $3.55 million

Angie’s Prime Grill

TUCSON, AZ (January 30, 2026) – The net-leased retail property occupied by Angie’s Prime Grill at 2574 N. Campbell Ave., Tucson, AZ sold for $3,550,000 ($2,329.40 PSF) on January 23, 2026.

The 1,524-square-foot drive-thru building (built 2024) sits on 0.33 acres in Tucson’s Central submarket, at the southwest corner of Campbell and Copper Street.

The investment asset closed at a 6.51% cap rate, based on the marketed NOI of $231,030.

The property is described as a fast-food restaurant use with drive-thru, supported by a 20-year absolute lease featuring 2% annual rent increases, consistent with investor demand for long-term, operations-light, net-leased QSR product in established infill corridors.

The seller was Fortis Campbell LLC, an affiliate of Fortis Development of Mesa, c/o Kevin Benson.

The investor is Wilcox Center II LLC  of Tucson, c/o Neil Kleinman.

The Net Lease Property Group of CBRE in Phoenix handled the transaction with Benjamin Farthing and Owen Littrel.

Source: RED Comp #12319.




Saguaro Ranch II Custom Homesite Sells for $1.32M in Marana

Saguaro Ranch
Saguaro Ranch Entrance Tunnel

MARANA, Ariz. (January 29, 2026) — A single custom homesite in Saguaro Ranch II at 14035 N. Ranheim Place in Marana sold for $1.32 million on Jan. 16, 2026. The 5.13-acre parcel traded at approximately $257,230 per acre ($5.91 PSF).

The buyer, Coppia Farms LLC of Oak Grove, MN purchased the vacant residential lot from The Mark B Decof Arizona Realty Trust (Rhode Island) in an owner-user transaction. The sale reflects a $330,000 down payment.

The sale comes as Saguaro Ranch continues positioning itself as a privacy-forward luxury desert community in the Tortolita Mountains, emphasizing what it describes as a careful balance between progress and preservation. Community updates highlight ongoing infrastructure enhancements, gated access, curated design guidelines, and long-term improvements intended to protect the natural desert setting that defines the community.

A key element of that stewardship focus is the site’s extensive native landscape. Saguaro Ranch materials note the community is home to more than 17,000 native saguaros, with preservation described as central to development decisions.

Amenities at The Saguaro Ranch Club are also being marketed as part of the lifestyle package, including a 25-yard lap pool, jetted spa, patios with fire pits, a fitness center framed by Catalina Mountain views, two pickleball courts, bocce, and a private clubhouse designed for gatherings and events.

For inquiries and showings within the community, on Saguaro Ranch Eddie Escobido III is the contact sales point at 520.501.4003.