TUCSON, AZ (October 3, 2025) — HSL Properties has expanded its Tucson multifamily portfolio with the purchase of The Vintage Apartments, a 204-unit community at 8225 E. Speedway Blvd., near Pantano, for $24.45 million, according to public records. The acquisition price reflects $119,852 per unit and $193.64 per square foot on the property’s 126,268 rentable square feet.

The seller was RP WR8255 LLC, an investment entity managed by Core Woodridge JV LLC, tied to Phoenix-based institutional investors. The buyer of record was HSL East Speedway Apartments Delaware LLC, an affiliate of Tucson-based HSL Properties.

Built in 1981, The Vintage’s unit mix of one- and two-bedroom floor plans features a private patio or balcony, window coverings, and extra storage space. Community amenities include a newly renovated swimming pool and spa, laundry facility, package lockers, and a 24-hour fitness center.

The property is situated along Speedway Boulevard, a major east-west corridor, offering residents direct access to the University of Arizona to the west and Saguaro National Park to the east. Additional recreational destinations, such as The Loop, Sabino Canyon, and the Tucson Botanical Gardens, are also nearby. The Williams Center and the Park Place Mall are within proximity.

The transaction was marketed by Marcus & Millichap’s Institutional Property Advisors team in Tucson. Clint Wadlund (520.349.0621) and Hamid Panahi (520.719.6511) are both based in Tucson.

“The Vintage is located in Tucson metro’s east submarket with proximity to numerous employment generators and recreational attractions,” said Clint Wadlund, IPA managing director investments. “Previous ownership enhanced the community’s common areas and established a renovation program positioned for continuation under new ownership,” said Hamid Panahi, IPA senior managing director investments.

Wadlund, Panahi, and IPA’s Steve Gebing and Cliff David represented the seller and procured the buyer.

HSL Properties, headquartered in Tucson, is one of Arizona’s largest privately held apartment owners and operators, with a portfolio spanning thousands of multifamily units across the state.

Source: RED Comp #12094.

TUCSON, Arizona (October 2, 2025) — Casitas De Tucson, a 27-unit multifamily community located at 3601 East 4th Street in Tucson’s Central submarket, has sold for $5,900,000 ($218,518 per unit). The investment transaction closed on September 25, 2025.

The property consists of 27 freestanding casitas, built in 2001, each designed as a two-bedroom, two-bathroom residence. Twenty of the units feature garages, and seven offer covered carports. All homes include walled rear yards and laundry hookups, catering to renters seeking a single-family lifestyle within a managed community setting. The complex totals 35,010 square feet on 1.83 acres, with an average unit size of approximately 1,296 square feet. The sale equates to $218,518 per unit, or $168.52 per square foot.

The buyer, Casitas De Tucson LLC, is an investment entity based in Chandler, Arizona, and is represented by its members, Hugo and Marie Correa. It was also represented by Carol Gallegos of Gallegos & Associates in Scottsdale. The sellers were Todd Alan and Elizabeth Bailey of Tucson, represented by Long Realty Company’s Kelly Doty and Rana McGoldrick, who marketed the property.

Casitas De Tucson occupies multiple parcels in the Speedway View subdivision along East 4th Street and North Richey Boulevard. The R-2 zoning provides for medium-density residential uses, aligning with the property’s detached casita design. The community’s central location offers residents proximity to the University of Arizona, Banner–University Medical Center, and midtown employment corridors.

Multifamily investment activity in Tucson is expected to remain strong through 2025, with buyers targeting smaller, well-located properties that offer unique living formats. The freestanding casita model provides an alternative to conventional apartment living and has become increasingly sought after by renters seeking privacy and by investors focused on stable occupancy trends.

For more information, please contact Doty at 520.603.3491 or McGoldrick at 520.444.8623.

Source: RED Comp #12113.

TUCSON, AZ (October 1, 2025) — A central Tucson industrial property has sold for $1.1 million in a deal that will bring a new Benjamin Franklin Plumbing location to the area.

The property, located at 710 W. Carmen Street, was purchased by 710 W Carmen, LLC, an entity controlled by Thomas J. Ranalli, owner of Benjamin Franklin Plumbing of Greater Tucson. The seller was L Diaz LLC.

The site includes two buildings totaling 4,775 square feet on 0.48 acres. Improvements feature office and warehouse space, a dock-high roll-up door, covered and uncovered parking, and a fenced and gated lot. The property carried a use code for a warehouse with office/retail interior, well-suited for service business operations.

Ranalli secured the property with an SBA loan, a financing structure that requires majority owner-occupancy, confirming the space will house Benjamin Franklin Plumbing’s Tucson operations. The move reflects a broader trend of trade and service businesses purchasing real estate to stabilize costs and ensure long-term control of their facilities.

The property is situated in Tucson’s central submarket, offeringquick access to Interstate 10 and the city’s core service areas, making it an ideal hub for Benjamin Franklin Plumbing’s expansion.

Source: RED Comp #12102.