TUCSON (VAIL), AZ (August 15, 2024) —  D.R. Horton acquired eight more lots at the New Phase of Sycamore Vista Community in Vail, AZ, for $75,000 per lot. After finishing a 57-lot rolling option at Sycamore Vista.

The builder offers seven floorplans, all paired perfectly with beautiful mountain surroundings and unparalleled sunset views. Residents appreciate easy access to schools, shopping, dining, and recreation.

The new phase of Sycamore Vista is near the base of the majestic Santa Rita mountains! This location is just around the corner from Corona Foothills Middle School, Sycamore Elementary School, and Copper Ridge Elementary School in the highly sought-after Vail School District.

Dan Feig with Chapman Lindsey Commercial Real Estate Services represented both the buyer, D.R. Horton, and NT Properties of Tucson, the seller.

Contact Feig at 520.747.4000 for more information.

To learn more, see RED Comp #11393.

TUCSON, AZ (August 14, 2024) — Macritchie bought 15 acres of industrial land at 9603 E Rita Commerce Drive, at the Rita Ranch Commerce Center in Tucson, for $1,945,518 ($2.94 PSF) to develop a multi-tenant industrial outdoor storage facility for contractor yard use.

This will be Macritchie’s third location in Arizona, with the other two in Phoenix.

The company develops and acquires attractive or undersupplied, unconsolidated specialty real estate assets, including self-storage, RV storage, multitenant industrial outdoor storage, and RV resorts.

The company was attracted to the site partly because of its proximity to Lowe’s and Home Depot and its convenience to contractors working in this fast-growing area of Tucson.

The seller, an affiliate of Diamond Ventures (Bill Kelley, CFO), was represented by Jesse Blum, SIOR, and Paul Hooker, SIOR, Principals, Industrial Specialists with Cushman & Wakefield | PICOR.

Ron Zimmerman of Cushman & Wakefield | PICOR originally listed and had the property in escrow before he passed away in 2022. However, that deal fell through and was brought back this year, with the selling brokers’ commission donated to Ron’s estate by his PICOR colleagues.

Sam Rutledge with Commercial Properties, Inc. represented the buyer, Rita Commerce Dr. Tucson, LP, an affiliate of Macritchie.

Hooker can be reached at 520.546.2704, Blum can be contacted at 520.546.2772, and Rutledge is at 480.621.3292 for more information.

To learn more, see RED Comp #11424.

TUCSON, AZ (August 13, 2024) – The rapidly expanding Take 5 Oil Change at 7960 E Broadway Blvd. in Tucson sold in a net lease sale for $2,385,370 ($2,025 PSF) and a 6% cap rate. The property sold with a 20-year triple net lease sale-leaseback, with escalations and four 5-year renewal options.  The 1,178-square-foot building has four bays and was constructed in 2022.

This is one of three Take 5 Oil Change locations in Tucson, with two more under construction at 1511 W Valencia and 1983 W River Road. Dave Hammack with Cushman & Wakefield | PICOR handled the land sale on Valencia, and Jeramy Price of VOLK Company negotiated the land sale on River Road.

Take 5 Oil Change is a fast-service oil change business headquartered in Metairie, Louisiana. It began in Canada in 1985, with its first shop in Mississauga, Ontario. Originally known as Pro Oil Change, it grew to 40 locations and, in 2020, converted all its shops to Take 5 Oil Change.

Today, the company is a leading fast-lube chain in the United States, with 500+ locations in 18 states. It was recently ranked 13th in Entrepreneur’s list of the Fastest-Growing Franchises, as published in the March 2021 issue of Entrepreneur magazine. The company also earned the prestigious J.D. Power Award for achieving the highest overall customer satisfaction score among all quick oil change providers.

Take 5 is widely known for delivering fast, friendly oil changes as easily and safely as possible. Driven by and designed for convenience, it gets everyone in and out in minutes without ever needing an appointment. Every service is performed by certified technicians, and Take 5 offers a range of additional automotive services for all vehicle makes and models.

The Take 5 Family is also proud to actively participate in the growth of the communities where it is located. From raising funds for charities to sponsoring local sports teams, it knows that when communities come together, they thrive.

Brian Brockman of Cincinnati-based Bang Realty represented the Durban Group affiliate Tucson-Broadway Take Five, LLC of Charlotte, NC, and the investor, Monte Verde Redhawk, LLC of Atlanta, GA.

To learn more, see RED Comp #11388.