The office building at 1331 N Wilmot Road in Tucson sold for $1.5 million ($94 PSF) for the 15,881 square foot building. The investor was 1331 Wilmot, LLC (Jeffrey Quick, principal), a private investor from Tucson and the seller, NVC Acquisitions, #1, LLC a private investment group of Tucson (Michael Stilb, managing member).

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[mepr-show rules=”58038″]The 2-story building (built 1985) on a 1.07 acre property located at the southwest corner of Wilmot and Fairmount. The building is a class A building, in good condition and has covered parking, but sold with a high vacancy rate, Clarissa Lopez of M.A.S. Real Estate reported to us. Lopez had been property manager of the property for several years.

The seller owned the property for 15 years, since September 1999. M.A.S. Real Estate Services is continuing to manage the property.

National Bank of Arizona handled the financing for buyer.

Michael Stilb of M.A.S Real Estate Services in Tucson was self-represented as seller and John Yarborough of Romano Real Estate in Tucson represented the buyer.

Stilb and Lopez are reachable at (520) 888-5127. Yarborough can be contacted at (520) 577-1000.[/mepr-show]

[ismember]Sale date was 9/4/2013. Prior sale was 9/16/1999 when seller bought the property for $1.35 million from Aegis Properties. APN: 121-08-053A. Buyer paid $187,500 down and financed the balance with conventional financing. No special conditions were reported. [/ismember]

The planet’s largest retailer, wanting to save the planet’s resources, is putting in 30,110 square feet of covered parking at the north end of Foothills Super Walmart at 7635 N. La Cholla Blvd. in Tucson. The carports are over-built to support the solar panels that Solar City is installing there. Neither Walmart nor Solar City were available for comments about the project, but we were told by an anonymous source that this is not the only Tucson store going solar, but they could not tell us whether or not the others were carport or roof installations.

My discovery of the carports and solar project at the Foothills’ Walmart just happened to be on the same day that Walmart chose to highlight its progress with the Sustainability Index, a measurement system used to track the environmental impact of products.

When we contacted Walmart for information about their solar carports in Tucson we got back this prepared statement:

“Walmart has more than 180 renewable energy projects in operation or development around the world, generating enough energy to power 78,000 American homes annually. Here are a few ways we’re working to become powered by 100% renewable energy.”

“Walmart is a leader in testing and scaling renewable energy projects in our stores, including solar, micro-wind on our parking lots, biodiesel generators and fuel cells. These locally generated power sources have the potential to meet up to 60% of a store’s energy needs. Examples include:

• 150 solar installations in seven countries, delivering 71 million kilowatt hours of energy annually to our stores, clubs and distribution centers – enough to take 9,600 vehicles off the road for a year. In California alone, 75% of our facilities will use some form of renewable energy since 2012.
• 26 fuel cell installations in the U.S., delivering 65 million kilowatt hours of electricity annually.
• We are testing onsite micro-wind, large-scale wind, solar water heating, as well as solar thermal in various markets, including Canada, Chile, China, Mexico and the U.S.”

That’s all good to know, but as the summer heat continues in Tucson, I’m just thinking, “When can I park in that covered parking?” I’m on it though, like summer in Arizona, ‘determined’ to find out more and will continue to research the Walmart solar project in Tucson.

Please contact us at [email protected] if you see any covered parking or solar projects at other Walmarts in Arizona.

Hackman Capital Partners of Los Angeles (Michael Hackman, founder and CEO) paid $62.5 million ($20 PSF) on a bulk sale of 140 Hostess Brands, Inc. properties. The properties were spread out in 34 States, two in Arizona, one in Tucson and one in Phoenix. The sale was done by auction for the three-million-square-feet of mainly industrial real estate.

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[mepr-show rules=”58038″]The property at 3045 N Stone Avenue in Tucson and 3426 W Adams Street in Phoenix, both Hostess thrift shop outlets, were included in the bulk sale. Hackman also purchased the Hostess trucks and other assets that were at the properties for a separate amount.

“The Hostess bankruptcy translated into a rare opportunity to acquire significant real estate and equipment at one auction,” says Hackman. The auction took place August 16 in New York City, where Hackman affiliate Hackman Capital Acquisition Co. LLC served as stalking-horse bidder.

In July, Hostess Brands won bankruptcy court approval to unload the remainder of its assets at auction. Hackman Capital began negotiating with the estate to purchase the real estate and equipment. Although Hostess originally intended to sell the assets off individually or in small batches, Hackman—one of nearly 400 bidders that threw their hats into the ring in May and June—offered to buy them in bulk.

“As one of the largest wholesale bakers and distributors in the United States, Hostess Brands’ properties were strategically located with great visibility and recognition within their respective communities,” Hackman says. He notes that many of these assets, including warehouses, factories and retail stores, are located “in strong markets and on major regional distribution routes. This visibility and recognition has manifested itself in heightened interest and demand for the properties.”

The Twinkie brand that Hostess was best known for is currently owned by private equity firms Apollo Global Management and Metropoulos & Co. Twinkie production in the United States resumed after an absence on American store shelves, and became available again nationwide on July 15, 2013.

Hackman Capital was founded in 1986 and is a privately held, asset-based investment firm that focuses on the acquisition of industrial real estate and the purchase and sale of industrial equipment. The firm owned prior to this acquisition, through its affiliated entities, more than 130 facilities throughout the United States, totaling approximately 21 million square feet and over 20,000 acres of developable land.

Hackman plans to liquidate all the properties and other assets.

The Hilco Global Real Estate Team, headquartered in Northbrook, Illinois handled the transaction, marketing property and providing a broker opinion of value for each of the properties. Hilco is a privately-held, and helps companies and their professional advisors assess asset value, maximize value for said assets through asset monetization solutions, and enhance value through advisory and consulting solutions.

Hackman can be contacted at (310) 473-8900. Hilco Global Real Estate can be reached at (855) 755-2300.[/mepr-show]

[ismember]Sale date was 9/3/2013. Property in Tucson at 3045 N Stone Ave sold for $75,000, less than .001% of portfolio,  a sale price that was based on broker opinion of value. We were unable to determine the sale price for the Phoenix property.[/ismember]