TUCSON, AZ (April 7, 2025) — This week, Denisse Angulo-Badilla of Cushman & Wakefield | PICOR and Francisco Lopez with Expansion Bienes Raices, and Alba Balderrama with Next Bienes Raices, handled a new 53,819-square-foot industrial lease to Neptuno Cinco SA DE CV.

The following leases were reported to Real Estate Daily News from March 31 – April 4, 2025.

INDUSTRIAL – Aeropuerto de Guaymas, San Germán
NEPTUNO CINCO SA DE CV leased 53,819 square feet of industrial space at Carr. a Aeropuerto de Guaymas, Suite Carr. a Aeropuerto de Guaymas in San Germán, from Productos Terminados de Guaymas SA de CV. Denisse Angulo-Badilla, Commercial Specialist with Cushman & Wakefield | PICOR, Francisco Lopez with Expansion Bienes Raices, and Alba Balderrama with Next Bienes Raices, represented the landlord.

RETAIL – MIDSTAR PLAZA, TUCSON, 85711 – East Submarket
Poppin-Off Creations LLC leased 4,025 square feet at Midstar Plaza, 4570 E. Broadway Blvd., David Carroll with Paul Ash Commercial Real Estate represented the Landlord and Andreas Castillo with Volk represented the Tenant.

INDUSTRIAL – MIDWAY BUSINESS PARK, TUCSON, 85712 – Northeast Submarket
618 Wesleyan Drive RP Company, LLC leased 2,400 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 43-44 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – PLAZA COLONIAL, TUCSON, 85718 – Northeast Submarket
Tonique MedSpa LLC leased 2,280 square feet at Plaza Colonial, 2870 E. Skyline Dr., John Yarborough with Paul Ash Commercial Real Estate represented the Landlord.

OFFICE – GRANT ROAD PROFESSIONAL PLAZA, TUCSON, 85712 – Northeast Submarket
Sonoran Hearing Care, LLC leased 1,792 square feet of office space at Grant Road Professional Plaza, 5977 E. Grant Rd., Suite 115 B in Tucson, from Double Z Grant Medical, LLC. Thomas J. Nieman, Principal, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – JOESLER VILLAGE, TUCSON, 85718 – Northeast Submarket
Design Craft LLC leased 1,560 square feet at Joesler Village, 4425 N. Campbell Ave., David Carroll with Paul Ash Commercial Real Estate represented the Landlord.

RETAIL – ST. MARY’S PLAZA, TUCSON, 85745 – West Submarket
Total Wireless leased 1,300 square feet of retail space at St. Mary’s Plaza, 1505 W. Saint Mary’s Rd., in Tucson from Tucson St. Mary’s Plaza, LLC. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord. Tanya Tucker with Citywide Commercial, LLC, represented the tenant.

OFFICE – 4695 N ORACLE RD., TUCSON, 85705 – Central Submarket
Warfuel Kitchen leased 1,200 square feet at 4695 N. Oracle Road, #105,  from MTT Oracle,  LLC.  Robert Nolan of Oxford Realty Advisors represented the tenant and the landlord in this transaction.

RETAIL – BISBEE PLAZA, BISBEE, 85603 – Cochise County
Larsen Baker is pleased to announce that Vapes & Vibez has leased a 1,200-square-foot space at Bisbee Plaza, 1101 S Naco Hwy., Suite A-1, in Bisbee, AZ. Isaac Figueroa, CCIM, SIOR handled the transactions and represented the landlord.

RETAIL – LIBERTY PLAZA, TUCSON, 85714 – South Submarket
Natera, Inc. leased 1,125 square feet at Liberty Plaza, at 315 W. Irvington.  Ryan Shirley and Scott Soelter with NAI Horizon handled this transaction.

RENEWALS

RETAIL – 3923 N FLOWING WELLS RD., TUCSON, 85705 – Central Submarket
Bashas’ renewed its lease at 3923 N. Flowing Wells. David Carroll, with Paul Ash Commercial Real Estate, represented the landlord

INDUSTRIAL – SOUTH DODGE BUSINESS CENTER, TUCSON, 85713 – South Submarket
Tucson ADAS Calibration Center, LLC renewed its lease with Pegasus Tucson Owner LLC for 3,034 square feet of industrial space at South Dodge Business Center, 3631 E. 44th St., Suite 125 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – SOUTH DODGE BUSINESS CENTER, TUCSON, 85713 – South Submarket
Foster Plumbing renewed its lease with Pegasus Tucson Owner LLC for 2,552 square feet of industrial space at South Dodge Business Center, 3681 E. 44th St., in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – EXCHANGE PLACE, TUCSON, 85705 – Central Submarket
Vertex Painting, LLC renewed its lease with Pegasus Tucson Owner LLC for 1,440 square feet of industrial space at Exchange Place, 1870 W. Prince Rd., Suite 12 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – SOUTH DODGE BUSINESS CENTER, TUCSON, 85713 – South Submarket
Yellow Brick Coffee LLC renewed its lease with Pegasus Tucson Owner LLC for 1,200 square feet of industrial space at South Dodge Business Center, 3220 S. Dodge Blvd., Suite 1 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – RUTHRAUFF COMMERCE CENTER, TUCSON, 85705 – Central Submarket
POL, Ent LLC renewed its lease with Pegasus Tucson Owner LLC for 680 square feet of industrial space at Ruthrauff Commerce Center, 2430 W. Ruthrauff Rd., Suite 110 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE  – 7225 N MONA LISA, TUCSON, 85741 – Northwest Submarket
Spencer Construction renewed its lease at 7225 N. Mona Lisa. David Carroll & John Yarborough, with Paul Ash Commercial Real Estate, represented the landlord.

OFFICE – 7330 N ORACLE RD, TUCSON, 85704 – Northwest Submarket
Edward Jones renewed its lease at 7330 N. Oracle Rd. David Carroll & John Yarboroug,h with Paul Ash Commercial Real Estate, represented the landlord

Submit sales and leases to REDailyNews@outlook.com.

9538 E Old Vail Road in Rita Commerce Center, Tucson (Vail) AZ

TUCSON, AZ (April 4, 2025) — Old Vail Partners, an affiliate of Diamond Ventures, sold the industrial property with two buildings at 9538 E Old Vail Road in Tucson for $22 million ($227.51 PSF) to The Sundt Companies, Inc.

Built in 2009, the buildings are a 39,290-square-foot building and a 57,408-square-foot building with five dock-highs and eight grade-level doors. The former tenant was TuSimple, and the buyer will occupy it for its mining and industrial construction deployment division.

The new Vail Sundt Center will be a 96,698-square-foot facility in two two-story buildings in the growing community of Vail, Arizona, strategically located for transportation and logistics with its proximity to major highways, railways, the Port of Tucson, and Tucson International Airport.

The sale occurred on March 24, 2025.

Sundt has been making its mark in mining construction since 1939 and has served a diverse range of clients in the power, mining, cement, chemical, and manufacturing industries. Its work is supported by an unparalleled start-up and commissioning team that ensures that every industrial construction project is seamlessly integrated with the necessary instrumentation for smooth operation.

The company’s trade work includes earthwork, underground utilities, concrete, structural steel erection, process mechanical, equipment setting, and boilermaker services. These resources are utilized in power generation facilities, mines, industrial projects, and treatment plant facilities. Additionally, Sundt’s Equipment Services department owns, operates, and maintains a fleet of over one hundred pieces of heavy equipment, which is crucial in its self-perform work capabilities.

The Target distribution center, Blue Bell Creameries, Faribault Foods, Raytheon, IBM, and the University of Arizona Tech Park are nearby.

Both buyer and seller were self-represented in this transaction.

To learn more, subscribers should refer to RED Comp #11804.

Dutch Bros at 1971 West Valencia Road, Tucson, AZ

TUCSON, AZ (April 3, 2025) – The Dutch Bros at 1971 West Valencia Road in Tucson sold for $1.9 million ($2,306 PSF) in an investment sale.

The 824-square-foot Dutch Bros was built to suit for Dutch Bros and opened in 2019 with a drive-thru and outdoor eating area. It sold with nine years remaining of a 15-year triple net lease and three 5-year options remaining.

Located adjacent to major retailers, such as IHOP, Culvers, CVS, Pizza Hut, Big O Tires, Lowe’s, Walmart, Fry’s Food and Drug, Harbor Freight, and Tractor Supply Co.

This Dutch Bros ranks in the 92nd percentile per Placer AI reporting, with 734,000 annual visitors.  The area has strong demographics of +/- 134,631 residents within a 5-mile radius.

The workday population is +/—44,421 employees and +/—23,569 total households within a 3-mile radius, and Valencia Road has +/—48,038 VPD.

Dutch Bros Coffee (NYSE: BROS) has over 900 locations in 18 states across the country. It has seen exceptional revenue growth from $739M in 2022 to over $913M in 2023, and its expected 2024 revenue is around $1.23 billion.

The seller was Cynthia J Fritz, trustee of the Jane Cheatum Trust and Noah Cheatum Construction Company, of Laguna Niguel, CA.

The buyer was Phoenix-based COGNYZANT, LLC, Mr. Ajay Kumar., trustee.

Alex DeSoto and Josh Jenkins with Matthews Real Estate Investment Service in Orange County, CA, handled the sale for both the seller and investor.

For more information, DeSoto and Jenkins should be reached at 866.889.0550.

To learn more, subscribers can refer to RED Comp #11786.