OFFICE SALES BY TUCSON SUBMARKETS TOTAL $2.8 MILLION

2494 E River Rd, Tucson - Real Estate Daily News
2494 E River Rd, Tucson – Real Estate Daily News

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NORTHEAST SUBMARKET
Smile Spa dental office at 2494-2498 East River in Tucson transferred to Dr. Manu Alexander from the retiring Dr. Mickel Malek for[mepr-show rules=”58038″] $1.65 million ($220 PSF). The property consists of two legal condominiums at Hacienda Del Sol Office Complex (built 2004) that total 7,500 square-feet. The buyer is also taking over the practice from the retiring Dr. Malek and will owner occupying the suites.

JOHAJISO, LLC (Joanne Haupert and James Soward) of Tucson purchased the 1,751 square-foot office at 4858 East Broadway for $210,000 ($120 PSF). The office was built in 1962 and is located in Hoffman Addition on a 10,905 square–foot lot. The seller was Gethman Charitable Remainder Unitrust. We were unable to determine the broker(s) involved in this transaction.

Daniel and Christina Reichardt and James Gosses of Tucson purchased the 1,268 square-foot office at 1160 N Craycroft Road for $92,150 ($73 PSF). The property was a former massage studio built in 1972. The seller was Murray Rulney of Tucson. We were unable to determine if there were broker(s) involved in this transaction.

CENTRAL SUBMARKET
Barrel Cactus Properties, LLC (Miriam Holly Klaiman) of Tucson bought the 1,236 square-foot office at 3050 N Country Club Road in Tucson for $140,000 ($113 PSF). The property was built in 1974. The seller was Kuang Chang Chow as trustee. We were unable to determine whether or not there were broker(s) involved in this transaction.

Mugga Investments, Inc. (Frederick and Jayne Shaffer) of Tucson acquired the 4,508 square-foot office at 3130 N Dodge Blvd. in Tucson for $225,000 ($50 PSF). The property was built in 1973 on a 17,650square foot lot. The seller was Our Family Services, Inc., a non-profit organization in Tucson. We were unable to determine whether or not there were broker(s) involved in this transaction

SOUTH SUBMARKET
Jose Jimenez of Tucson purchased two office buildings at 4855-4863 S 12th Avenue in South Tucson for $300,000 ($105 PSF) for the 1,087 square foot building (built 1982) on 8,209 square-foot lot and the 1,764 square foot building (built 1961) on the same size lot, 8,209 square-feet.. The buyer occupied the adjoining property at 4841 S 12th Ave prior to the sale. We were unable to determine whether or not there were broker(s) involved in this transaction.

EAST SUBMARKET
4337 East 5th Street, LLC (Raymond Magnuson) of Tucson dba Magnuson Insurance Associates bought the 1,103 square-foot building to owner occupy for his insurance firm at 4337 E 5th Street in Tucson for $160,000 ($145 PSF). The building was built in 1978 on a 6,825 square-foot lot. The seller was DuPont Properties, LLC (William and Elizabeth Ross) of Tucson. Tony Reed of Long Realty in Tucson represented the buyer in the transaction. Pat Welchert of Picor was representing the seller.

Reed can be contacted at (520) 918-5189. Welchert is at (520) 546-2748.[/mepr-show]

 

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[ismember]2494 E River – sale date: 8/23/2013. sale price $1,65,000 down payment $45,000 financed conventionally.

4858 E Broadway – sale date 7/17/2013. sale price $210,000. We were unable to determine down payment, if any.

1160 N Craycroft  sale date 8/19/2013. sale price $92,150. $56,075 down payment with seller carryback for balance.

3050 N Country Club – sale date 8/19/2013. sale price $140,000. All cash transaction.

3130 N Dodge Blvd – sale date 7/1/2013. sale price $225,000. All cash transaction.

4863 S 12th Ave. – sale date 7/31/2013. sale price $300,000. $50,000 down payment with seller carryback for balance.

4337 E 5th Street – sale date 9/13/2013. sale price $160,000. we were unable to determine down payment, if any. Documents show conventional financing. [/ismember]

 




PHOENIX SALES TOTALING $3.76 MILLION

3101 W Indian school
3101 W Indian School, Phoenix – photo courtesy of Derito Partners

RETAIL – 3101 W INDIAN SCHOOL ROAD, PHOENIX

Bill Johnson’s Big Apple West restaurant at 3101 West Indian School Road in Phoenix sold for $675,000 ($65 PSF) to Scott Capital Holdings of Arizona, LLC for the 10,346- square-foot building. Martin Leon and Chris Corso with DeRito Partners in Phoenix represented the buyer. Mike Myrick, Chris Ferow, Shelby Tworek and Gabe Ortega of NAI Horizon of Phoenix negotiated the sale for the seller, Bill Johnson’s Restaurants, Inc.

690 E Warner
690 E Warner, Gilbert, photo courtesy of Sperry Van Ness

OFFICE CONDO – 690 E WARNER RD, GILBERT

A 1,366-square-foor office condo (built 2006) at Warner Plaza, 690 E Warner Road in Gilbert sold to C&R Investment Group, LLC for $116,110 ($85 PSF). Justin Horwitz with Sperry Van Ness of Phoenix represented the seller.

INDUSTRIAL – 6150 W GILA SPRINGS PLACE #26, CHANDLER

Bernards Chandler, LLC sold a 5,018 square-foot industrial property at 6150 West Gila Springs Place, Building N 26, in Chandler for $600,000 ($120 PSF). Rod Beach with Cresa Phoenix represented the buyer, Gila Springs Building, LLC. Rick Foss and Laurel Lewis of NAI Horizon in Phoenix represented the seller.

OFFICE – 595 N DOBSON ROAD, SUITE A15, CHANDLER

Victory Associates II, LLC sold a 2,441 square-foot medical condo at 595 N Dobson Road, Suite A15 in Chandler for $366,150 ($150 PSF). Roy Grinnell with Benchmark Commercial represented the seller. Mike Myrick and Alexandra Loye with NAI Horizon of Phoenix represented the buyer, Reddy GI Associates.

4.76 ACRES VACANT LAND AT MCDOWELL MNT RANCH & THOMPSON PEAK PKWY

A 4.76 acre parcel at the southwest corner of McDowell Mountain Ranch and Thompson Peak Parkway sold to Capital Services, LLC for $2 million ($9.65 PSF). Lance Umble of Phoenix Commercial Advisors in Phoenix represented the buyer and Neil Sherman of Sperry Van Ness of Phoenix represented the seller, Sina East, LLC. (Watch for more information to follow on this transaction.)




Spirit Halloween Ready for a Monster Hallo’season

spirit halloween logoSpirit Halloween, an affiliate of Spencer Gifts, LLC of Egg Harbor, NJ, the largest seasonal Halloween retailer in North America, has opened its gates for the 2013 Halloween season in each of the 1,050 Spirit Halloween locations in the United States and Canada this year. Celebrating 30 years of business, Spirit Halloween continues to provide one-stop shopping for everything from top costumes and decorations to accessories and party goods.

Of the 1,050 stores this year, there are a total of 37 in Arizona, with 25 in the Phoenix metro area and 7 in and near Tucson; 5 other stores are spread out around the State. Spirit typically leases for 3-months, ideally from August to mid-November and do site selection from January thru August. Spirit can merchandise any space, but their preferred size is between 5,000 to 10,000 square-feet. However, no space is too large.

Shoppers get to experience the store’s award-winning, interactive displays – if they dare. When first entering a Spirit Halloween store, shoppers will laugh with fear from the Clown Train featuring the Thrashing Clown that shakes and eerily laughs while welcoming guests to the store. As shoppers continue to explore, they’ll also come across the Misfortune Teller, but shouldn’t expect to hear any good news from her! Additional customer-centric displays include Spirit Hallows Asylum – which features the Electrocuted Prisoner and Jumping Dog – and The Haunted Mansion which highlights the Pumpkin Nester and Gruesome Granny.

For shoppers who are looking to make their home the spookiest in the neighborhood, Spirit Halloween also offers an all new exclusive line of lawn decorations, Lawn Scares – which includes Zombie Flamingos, Zombie Cats, Zombie Gnomes, and Zombie Deer.

“For the past 30 years, we’ve led the way in Halloween trends and we’re excited to continue that tradition this year,” said Steven Silverstein, President and CEO, Spirit Halloween. “Halloween enthusiasts will find anything and everything needed for the long weekend of celebrations this year. Spirit Halloween offers the widest variety of costume options and best products in the market.”

As the authority on all things Halloween, Spirit is thrilled to announce the top 10 costume trends for the coming season. Superheroes, Disney characters and popular on-screen personalities reign supreme for 2013:

With Halloween falling on a Thursday this year, Spirit Halloween predicts a monster Hallo’weekend – enthusiasts will be able to celebrate for not just one night, but three! In addition to the huge selection of top costumes, for those looking to celebrate more than one night, Spirit offers a wide variety of accessories that you can mix and match for DIY costumes.

To locate a Spirit Halloween store in your area, visit www.SpiritHalloween.com. For exclusive discounts and the inside scoop on all things Halloween, “Like” us if you dare on Facebook www.Facebook.com/SpiritHalloween, follow us on Pinterest www.Pinterest.com/SpiritHalloween, follow us on Twitter @SpiritHalloween, and check us out on YouTube www.youtube.com/SpiritHalloweencom.