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McGraw Steakhouse Changes Hands after 25 Years

4110 S Houghton rdThis article has been archived, please login for access or subscribe now by going to the subscribe tab at the top of page.

Tucson – July 3,2013- Lex McGraw of Tucson Cactus & Cattle Company and Tucson Cactus & Cattle Co., Inc. of Vail retired after 25 years operating the McGraw Cantina and Steakhouse at 4110 S Houghton Road in Tucson. The property with business sold to a long-time friend of McGraw, Brian Cummings of Cummings Land & Cattle, LLC of Tucson. The sale price was[mepr-show rules=”58038″]$540,000 ($233.77 PSF) for the 2,310 square foot building on 50,530 square feet (1.16 acres) of land.

Cummings has prior restaurant experience as owner of O’Malley’s on 4th Avenue and bought the property for a change of pace and “a more leisurely environment” he told us. Cummings is still a partner of O’Malley’s and asked that we not publish this transaction until he is ready for the re-opening of the restaurant. It will continue under the same name, McGraw’s Cantina & Steakhouse.

There was $65,000 estimated value of equipment and other personal property recorded in the sale, making a net sale price of $475,000 ($206 PSF). Buyer put $86,000 down and financed the balance with a new loan.

No brokers were involved the buyer and seller were long-time friends.

Cummings is reachable at McGraw’s Cantina & Steakhouse (520) 885-3088.[/mepr-show]

 




Freightliner Expanding to 50,000 SF Facility in Tucson

Current Freightliner location at 4340 E Tennessee St., Tucson
Current Freightliner location at 4340 E Tennessee St., Tucson

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Freightliner Flagstaff Acquisitions, LLC an affiliate of Freightliner of Arizona, Tolleson, AZ (Danny Cuzick, owner) purchased 15.2 acres at Craycroft and I-10 for[mepr-show rules=”58038″]$3.5 million ($5.27 PSF) from Beaufort Company, LLC of Phoenix (Don Meyer, managing member) and N.N.K., LLC of Tucson (R Scott Lewis, managing member).

The site is located on the northeast corner of I-10 and Craycroft, near Triple-T and Pilot Truck stops. It was purchased for construction of a 50,000-square-foot full-service truck sales, parts and service facility, with 18 bays and an 8,000-square-foot warehouse. The company hopes to have the new facility completed for Q1 2014 to relocate its current Tucson location it is leasing at 4340 E Tennessee Street.

In business for over 20 years, Freightliner of Arizona gets trucks on the road fast. Danny Cuzick, owner and president of Freightliner of Arizona, acquired the company in April of 2005. As a retail business owner for over 30 years, Cuzick quickly accelerated the growth and success of the business. Since his acquisition, the company has grown to include four statewide locations to serve the Southwest: Tolleson, Chandler, Flagstaff, and Tucson. This growth has been a result of an increased emphasis on customer service and quality assurance, employing approximately 300 people in its four locations.

According to Cuzick, “We at Freightliner of AZ recognize the dedication and hard work of those we serve and strive to reward them with the standard of quality they deserve. Every employee is counseled to put themselves in the customer’s shoes.” These efforts have not only been recognized by customers, but Freightliner of Arizona has received numerous awards for its exceptional performance, including Aspire Dealer of the Year for the Western Region in 2007 and Oasis Dealer of the Year for 3 out of the 5 past years.

Each location is staffed with experienced, friendly sales representatives specializing in new and used trucks. Ever striving to be the industry leader, and provide exceptional truck selection and quality, more brands, makes, and models of Trucks and RV’s are offered from each location as well as online inventory available for customers. The new location will expand the current staff in Tucson.

Damon Cuzick of Cuzick Commercial Services is related to the buyer and handled the sale transaction. Financing came from Mercedes Benz Financial Services USA of Roanoke, TX.

Freightliner at its Tolleson headquarters can be contacted at (623) 907-9900. Damon Cuzik can be reached at (623) 907-6626.[/mepr-show]

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[ismember] Sale date was 6/12/2013. Exact sale price: $3,484,800 with $300,000 down. Financing provided by Mercedes Benz Financial Services of Roanoke, TX. Escrow time was 90-days due to re-platting while in escrow and it was not on the market when buyer approached seller. Property is zoned CB-2, County. OPW Surveying, LLC of Tucson did the survey for replat. [/ismember]