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The following sales were compiled from public record during Q2 2013 for Northeast, East Valley and Southern submarkets. They have not been confirmed and are published for informational purposes only. See also https://realestatedaily-news.com/multifamily-sales-in-tucson-central-submarket-q2-2013/ for Central submarket.

NORTHEAST SUBMARKET
12-Units at 4411-4423 E Bellevue St, Tucson, AZ 85712 sold for[mepr-show rules=”58038″]$254,000 ($21,166 per unit) Property was bank-owned by City National Bank at time of sale and sold to an investor, TZLC Investment Group of Warsaw, IN. All 2-bedrooms, 1,044 sq. ft. each (built 1952 and 1977) on .41 acres. NOI was $29,484 or 11.6% cap rate. Sale date was 6/17/2013.

Duplex at 4049 E Glenn St, Tucson, AZ 85712 sold for $115,000 ($57,500 per unit). Seller was Merle Schauer of Tucson and investor Eric Monnin of Tucson. Both two-bedroom units (built 1972) in a 1,652 sq. ft. building on .15 acre. Sale date was 4/1/2013.

3-Units at 2647 – 2651 N Columbus Blvd, Tucson, AZ 85712 sold for $70,000 ($23,333 per unit). Property was bank owned by National Bank of Arizona of Phoenix and investor was Solution Finders, LLC of Tucson (Sara Jess). The two buildings total 3,504 sq. ft. (built 1949) on .47 acre. Sale date was 5/17/2013.

Duplex at 2655 N Mountain Avenue, Tucson, AZ 85719 sold for $169,000 (84,500 per unit) located at the NWC of Circle Dr. & Mountain Ave. Seller was Donald & Jacqueline Fry Living Trust of Tucson and the investor was Louis Anthony & Madeleine Crespo of Tucson. The two units are in a 1,366 sq. ft. building (built 1962) on .15 acre. Sale date was 6/19/2013.

EAST VALLEY SUBMARKET
4-Units at 2010 S Montezuma Ave., Tucson, AZ 85711 sold for $165,000 ($41,250 per unit). The seller was D&G Southwest, LLC of Tucson and the investor Ricardo Fernandez of Tucson. The single story, 3,120 sq. ft. building (built 1978) on .21 acre. Sale date was 6/12/2013.

8-Units at 3700 S Old Spanish Trail, Tucson, AZ 85711 sold for $830,000 ($103,750 per unit). The seller was Saguaro Corners Rentals, Inc. of Tucson (Dale Calvert, President) and the investor El Cortijo, LLC of Tucson ( Kelley Matthews, member). The eight casitas total 7,507 sq. ft. (built 1958 & 1960) on 8.53 acres. Sale date was 6/7/2013.

Duplex at 939 – 941 N Benton Avenue, Tucson, AZ 85711 sold for $132,500 ($66,250 per unit). The seller was Carlos Zapata of Tucson and the investor was the Novak Family Trust (Raymond and Lizbeth Fogle Novak). The two units are in a 1,941 sq. ft. building (built 1947) on .31 acre. Sale date 4/5/2013.

Triplex at 5657 E Pima Street, Tucson, AZ 85712 sold for $103,000 ($34,33 per unit) at the NWC of Pima & Van Buren Ave. This was an REO sale, the seller was Federal National Mortgage Association c/o Green Tree Servicing, and the investor, POSCO PSP, LLC of Tucson (Ron Kessler, Manager). The three units are in a 2,765 sq. ft. building (built 1951) on .21 acre. Sale date was 6/26/2013.

Triplex at 2515 S Pantano Parkway, Tucson, AZ 85710 sold for $290,000 ($96,666 per unit).  The seller was Joseph & Rylee Ryan of Tucson and the investor, The Andre Mate Trust of Tucson. The three units, two 2-bedroom/2 bath and one 1-bedroom/ ¾ bath are in a 3,150 sq.ft building (built 2009) on .23 acre. The seller is an agent and handled the transaction. Sale date was 6/25/2013.

SOUTHERN SUBMARKET
Duplex at 2001 S 3rd Avenue, Tucson, AZ 85713 sold for $75,077 ($37,539 per unit). The sellers were Tomas and Maria Guzman of Tucson and the investor was RNS Rentals, LLC of Tucson (Richard L Potter, member). The two units are in a 1,565 sq. ft. building (built 1972) on .17 acre. Sale date was 5/20/2013.

4 Units at 5750 S Morris Blvd., Tucson, AZ 85706 sold for $120,000 ($30,000 per unit). The seller was the Parcelluzzi Family, LLC of Tucson and the investor was 5750 S Morris, LLC of Tucson (Scott Brittenham, member). The four units are in two buildings, 1,104 sq. ft. and 1,440 sq. ft. (built 1950) on .43 acre. Sale date was 5/3/2013.

Duplex at 2737 N Incas Place, Tucson, AZ 85705 sold for $135,000 ($67,500 per unit). The seller was Davmar Properties, LLC of Tucson (Margo & David Tetrault) and the investor was Suzanne Seay of Tucson. The total living area is 1,260 sq. ft. (built 2006) on .17 acre. Sale date was 5/15/2013.

12-Space RV Park with 12 hookups sold at 10172 S Nogales Hwy, Tucson, AZ 85706 for $185,000 ($15,500 per space). The seller was Connie J Miller and the Connie J Miller Trust of Tucson the investor was A. Cortiz Capital Investment & Management Company of Tucson. The property has no buildings and is on .84 acre RV site, built in 1999. Sale date was 5/29/2013.[/mepr-show]

In real estate we all know the phrase, location, location, location; the equivalent in the medical marijuana field is CHAA, CHAA, CHAA. When Arizona voters approved Prop. 203 in 2010 legalizing medical marijuana dispensaries at the state level, Arizona Department of Health Services rules had already divided Arizona into 126 areas called Community Health Analysis Areas (CHAA) that were originally established to track cancer occurrences.

The rules limit the number of Arizona medical marijuana dispensaries in a CHAA to ONE! The goal of ADHS Director Will Humble is to disperse the current 97 dispensary applications throughout Arizona to minimize the number of patients who will be able to grow their own because the patient does not live within 25 miles of a dispensary.

This article has been archived, please login for access or subscribe now for a free trial.[mepr-show rules=”58038″]As the first medical marijuana dispensary in Oro Valley opens today, Catalina Hills Botanical Care, at 12152 N Rancho Vistoso Blvd in Oro Valley, five other applications from the Tucson area were received by the state’s deadline of June 7, 2013.

A Department of Health spokesperson told us there were 49 applications received during the final week before June 7th. For our region, in these last day applications were also Ajo, Catalina, Tanque Verde, Arivaca, Douglas and Benson CHAAs received by the state.

Nature Med, with a dispensary in Glendale, AZ opened since December, applied for another store at 5390 West Ina Road in Marana. When the 5,440 sq. ft. building at 6205 N Travel Center Drive, in the Orange Grove / I-10 Plaza, in Marana sold for $710,000 ($130 PSF) it was on the market for only one week. A quick sale due to the CHAA.

Paul Hooker and Pet Welchert of Cushman & Wakefield / Picor Commercial Real Estate represented the seller in the transaction.

Currently, Marana has designated two dispensaries within the town limits, although there are three CHAA that touch Marana. The number permitted shall be restricted to two and increased by one for each Marana population increase of 50,000 over and above the official census figure for Marana that was approximately 35,000 in 2010.

Title 8 in Marana’s Land Development Code requires dispensaries to obtain a Conditional Use Permit in order meet state requirements for 50% on-site cultivation and 50% dispensary in the building. Both properties in Marana are in industrial zoned areas, have received their conditional use permits and submitted applications for state certification.

Pursuant to Title 8, dispensaries must be farther than 2,000 feet from another dispensary, 2,000 feet from a residential substance abuse or treatment facility, 1,000 feet from any type of school or educational facility that caters to children including 1,000 feet from a childcare center, 1,000 feet from a public library or public park, 1,000 feet from a church, and 1,000 feet from any facility devoted to family recreation or entertainment.

But the process is far from finished having met the June 7th deadline, there are numerous state requirements and inspections still to be passed. Arizona has already certified 27 dispensaries since December 2012 with 70 more applications. There has also been more than a dozen lawsuits filed against the state for taking too long to process applications before these regulations were established.

For the applicants that met the June 7 deadline, the next deadline for them will be August 7th, when the state approval to operate must be verified “in process” in order to meet all the other state requirements such as inventory control, tenant improvements, certificate of occupancy, etc.. Failure to meet this deadline would disqualify an applicant from further state certification at that location.

Statute prohibits the state from making dispensary ownerships public, but this restriction does not carry over to county or towns for such confidentiality. We have also chosen to respect their confidentiality in this article.[/mepr-show]

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[ismember]

The 5,440 SF building on a 22,647 SF lot is of block construction at 6205 N Travel Center Drive in Marana (built 2005). Lot 18 Orange Grove I-10 Plaza bk 57 pg 68. APN #101-06-076. It has one grade level door and was vacant at time of sale, previously occupied by the seller, Thompson & Hurley, LLC dba Arizona Health. Market time reported by broker was 1 week with a 30-day all-cash close. [/ismember]

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Tucson Family Medicine of Tucson (Dr Herbert Jalowsky and Dr Richard Ruben) is constructing a new family medical building at 7105 N La Cholla Blvd in Tucson for its new location. A 39,404 sq. ft. lot was purchased southwest of Ina and La Cholla Blvd. for[mepr-show rules=”58038″]$375,000 ($9.52 PSF) for construction of an 8,000 sq. ft. approximately single story medical use building.

The family medicine practice plans to move from its current location at 1925 W Orange Grove Ste 100 on the Northwest Medical Campus to this new structure scheduled for completion by year’s end.

Sierra Bravo Phase II has an additional 3.6 acres of land zoned TR remaining to be developed at this site, next to Walgreens on the southwest corner and the vacant former Science Academy newly remodeled to the west that is available for lease.

Ian Stuart of CBRE in Tucson represented the seller/developer, Sierra Bravo Properties of Tucson (Chuck Singleton, managing member) and David Monitjo also of CBRE Tucson represented the buyer.

Seaver- Franks are architects for the project and United Builders the General Contractor. Financing for the project was arranged by Canyon Community Bank.

Ian Stuart can be reached at (520) 323-5180 and David Montijo is at (520) 323-5136. To contact Tucson Family Medicine, the number is (520) 547-0611. Singleton at Sierra Bravo can be contacted at (303) 803-0383. Canyon Community Bank can be reached at (520) 529-5500. Seaver Franks can be reached at (520) 795-4000.[/mepr-show]