Small Parking Lot in Downtown Tucson Sells for $1.5 Million

TUCSON, AZ (January 14, 2025) — 140 Alameda, LLC (Ezekiel Gebrekidane, manager)  has purchased .39 Acres at 140 E. Alameda Street, land with parking lot stall rentals, from De La Warr Investment Corporation ( Geoffrey Shepard, President).  Located northwest of Alameda Street and 6th Avenue, between Toole Ave and Alameda, in Downtown Tucson, the parking lot sold for $1.5 million ($88.30 PSF). 

The asset closed December 23, 2024 and the buyer will continue use as a parking lot.

Lori Casey and Nancy Gansline of Oxford Realty Advisors represented the buyer, and Ben Becker, Adam Becker, and John Ash of CBRE represented the Seller in this transaction.

For more information, Casey and Gansline can be reached at 520.232.0200, Ben Becker is at 520.323.5149, Adam Becker at 520.323.5188, and John Ash at 520.323.5177.

To learn more, subscribers should reference RED Comp #11679.




Tucson Commercial Lease Report, January 6-10, 2025

TUCSON, ARIZONA, (January 13, 2025) — This week, we highlight a robust office market leasing, with a 2,803-square-foot office lease to Tucson Conquistadores, Inc. at 3320 N Campbell Ave. handled by Bobby Verenna and Thomas J. Nieman of Cushman & Wakefield | PICOR and Jon O’Shea with Vast Commercial Real Estate Solutions.

The following leases were reported to Real Estate Daily News from January 6 thru 10, 2025.

OFFICE – 3320 N CAMPBELL AVE., TUCSON, 85719 – Central
Tucson Conquistadores, Inc. leased 2,803 square feet of office space at 3320 N. Campbell Ave., Suite 200, in Tucson, from Meteora Investments, LLC. Bobby Verenna and Thomas J. Nieman, Principal, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant. Jon O’Shea with Vast Commercial Real Estate Solutions, LLC, represented the landlord.

OFFICE – WILMOT PROFESSIONAL PLAZA, 6286 E GRANT RD., TUCSON, 85712 – Northeast
Larsen Baker is pleased to announce that Devoted Guardians, LLC, has leased a 2,790-square-foot office space at Wilmot Professional Plaza, 6286 E Grant Rd. Suite A (TBD), in Tucson. Isaac Figueroa, CCIM, SIOR, with Larsen Baker represented the landlord and Eli Mastracci, CCIM with Phoenix West Commercial represented the tenant.

OFFICE – 6418 E TANQU VERDE RD., TUCSON, 85715 – Northeast
Agave Management Solutions, Inc leased 2,490 square feet of office space at 6418 E. Tanque Verde Rd., Suite 103-106 in Tucson, from 6418 TV, LLC. Bobby Verenna with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – CROSSROADS FESTIVAL, GRANT & SWAN, TUCSON, 85712 – Northeast
Larsen Baker is pleased to announce that Roadhouse Cinemas has expanded their corporate office into a 1,574-square-foot suite at Crossroads Festival, located on the NE corner of Grant Rd and Swan Rd. Isaac Figueroa, CCIM, SIOR represented the Landlord, Larsen Baker, and handled the transaction.

RETAIL – SUNRISE VILLAGE SHOPPING CENTER, 4700 E SUNRISE DR, TUCSON, 85718 – Northeast
Presta Coffee Roasters LLC leased 1,350 square feet of retail space at Sunrise Village Shopping Center, 4700 E. Sunrise Dr. in Tucson, from Sunrise Village Investors, LLC. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord. Jesse Peron with CBRE, Tucson, represented the tenant.

RETAIL – THE SHOPS AT CAMP LOWELL, 3305 N SWAN RD., TUCSON, 85712 – Northeast
Taper Barbershop leased 1,206 square feet at 3305 N. Swan in The Shops at Camp Lowell.  Dave Dutson with NAI Horizon handled this transaction.

RETAIL – RANCHO SAHUARITA MARKETPLACE, 15920 S RANCHO SAHUARITA BLVD., SAHUARITA, 85629 – South
The UPS Store leased 1,200 square feet of retail space at Rancho Sahuarita Marketplace, 15920 S. Rancho Sahuarita Blvd., Suite 180 in Sahuarita, from Rancho Sahuarita Commercial Ventures, LLC. Aaron LaPrise and Dave Hammack, Principals, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord. Rob Tomlinson, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant

RETAIL – 6538 E TANQUE VERDE RD., TUCSON, 85715 – Northeast
Larsen Baker is pleased to announce that Athena Roesler has leased the 1,120-square-foot retail suite at 6538 E Tanque Verde, Suite 150, in the La Plaza Shoppes in Tucson. Athena will operate the Now & Then Gallery and Vintage Market. Isaac Figueroa, CCIM, SIOR, represented the Landlord, and Frank Arrotta represented the Tenant, both with Larsen Baker.

OFFICE – WEST GRANT CENTRE, 1955 W GRANT RD., TUCSON, 85745 – West
UEL Solutions LLC dba Sqooasha leased 310 square feet of office space, at West Grant Centre, 1955 W. Grant Rd., Suite 125-W in Tucson, from WestGrant Investors, LLC. Molly Mary Gilbert, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord.

RENEWALS

RETAIL – SANTA FE SQUARE, 7000 E TANQUE VERDE RD., TUCSON, 85715 – Northeast
F45 renewed their lease with Conley Holdings, LLC for 2,587 square feet of retail space at Santa Fe Square, 7000 E. Tanque Verde Rd., Suite 3 in Tucson. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – TUCSON MEDICAL CENTER, 5301 E GRANT RD., TUCSON, 85712 – Norhteast
Air Methods, LLC renewed its lease with TMC Holdings, Inc. for a 2,038-square-foot suite at Tucson Medical Center, 5301 E. Grant Rd. in Tucson. Richard M. Kleiner, MBA, Principal, and Alexis Corona, office specialists with Cushman & Wakefield | PICOR, represented the landlord.

Submit sales and leases to REDailyNews@outlook.com




A 2.55-Acre parcel sells for Behavioral Health Residential Facility in Green Valley

GREEN VALLEY, AZ (January 10, 2025) — A 2.55-acre parcel of CB-2 land at 3140 S. Prosperous Place in Green Valley sold for $465,000 ($4.18 PSF)

 The Florida buyers bought the 40-bed assisted living facility across the street in 2023. They will use the land for extra parking now and plan to expand it into a 40-bed behavioral health residential facility, in the future.

Gordon Wagner of NAI Horizon represented the seller, The Retreat at Santa Rita Springs (Mike Naifeh, manager).

The buyer, KLM Holdings (Kembra Marshall, manager) was represented by Mark Biery, CCIM, a specialist in Senior Housing with ‎Berkshire Hathaway Commercial Real Estate.

For more information, Wagner can be reached at 520 398 5130, and Biery is at 520.235.2531.