First Watch Buys Arizona’s Good Egg

4775 E Grant Rd, Tucson
4775 E Grant Rd, Tucson

First Watch Restaurants, Inc. of Brandenton, Florida has acquired the Arizona-based restaurant company The Good Egg; including the brand, concept, all intellectual property and all 20 restaurants. Terms of the deal were not disclosed, but the move solidifies First Watch’s position as the fastest-growing daytime-only company in the U.S.

According to public records, the 4,867-square-foot building at 4775 E Grant Road was sold for$1.4 million ($288 PSF). The restaurant sits on a 10,962 square-foot pad  in the Crossroads Festival Shopping Center at Swan and Grant Roads in Tucson. This was the only property we found transferring in the company acquisition for Tucson.

“This acquisition significantly accelerates our growth in a very desirable market and strengthens our scope and reach in the Southwest,” said Ken Pendery, president and CEO of First Watch Restaurants, Inc. “The Good Egg is a well-established concept that was developed in Arizona, grew successfully, and has built a loyal and passionate customer base that we plan to nurture and grow.”

The sellers of The Good Egg opened the first restaurant in 1987 at 13802 N. Scottsdale Rd.  Original partners Charlie Syburg and Tom Barnett grew the concept to a total of 20 restaurants through organic growth and acquisition. There are currently 15 restaurants in the metro-Phoenix market and five restaurants in Southern Arizona. As the concept grew, Matt Trusela and Frank Collins joined as operating partners and will continue in their roles providing leadership in Arizona.

4775 E Grant rd 2“Combining The Good Egg with First Watch represented a true strategic alignment and will provide our concept with the necessary resources to continue to grow,” said Syburg. “Additionally, our employees who have made the Good Egg one of Arizona’s best places for breakfast will have new and challenging career opportunities as part of First Watch’s aggressive national growth plans. We are grateful to our loyal customers and confident that this combination will continue to provide them with the service, quality and value they have come to expect.”

Kevin Hall, one of First Watch’s most seasoned operators with more than 20 years of experience with the company, will lead the operations of The Good Egg restaurants working closely with Trusela and Collins.  There will be no interruption in business as part of the transaction.

There are currently three First Watch restaurants in the Phoenix market which will remain open as usual following the transaction.

 




$22 Million Decision for Very Expensive PACC Building To Be Passed onto Voters at BOS Tuesday

Pima county dollars in the windA vote is to be taken at the Pima County Board of Supervisors Tuesday, March 18th to decide whether or not voters should approve a $22 million dollars for improvements to the Pima Animal Care Center (PACC) facility.  If passed, Pima County voters would decide on this issue at the midterm election in November 2014.

Approximately 22,000 animals pass through this facility each year.  PACC’s live release rate has gone from 50% to 80% over the past 2-years due to increased community outreach and awareness.  Several months ago the board approved spending $400,000 for a tent that was erected as a short-term solution to overcrowding at the facility.

If the ballot measure is passed in November then Pima Animal Care would move towards minimal kill objectives instead of a policy of euthanasia, which was the norm when the facility was first build in the 60’s. The existing PACC facility is not adequate to support minimal kill objectives currently.

Per a memo from County Administrator Chuck Huckelberry, the additional cost based on an average home value of $250,000 would be approximately $6.60 per year.  In an August 2013 Community input survey 50% of the total respondents as well as 50% of District 1 residents participating ranked PACC in the top 5 priorities in the Public Health category.

Fiscal watchdog, Supervisor Ally Miller said, “I am not without reservations on increasing the debt in Pima County, especially given the recent opinion issued by the Pima County Attorney regarding the shifting of FY 2013/14 road repair monies from District 1 roads to another district with a simple majority vote.  $22 million dollars is a significant amount of money and the amount concerns me greatly in terms of necessity for a building to house dogs.”

My support for this agenda item is not meant as an endorsement but simply to advocate for the broadest citizen voter base to participate in the decision of how Pima Animal Care facility should move forward,” according to Miller.

Of the $22 million there is $17.2 million budgeted for a new 23,700-square-feet new building, and minor costs for new kennels and some building renovations (totaling less than $3.4 million). When the costs of the renovations and kennels are backed out of the project it appears the new building will cost the Pima County taxpayer a mere $725. per square-foot and that’s before the overruns as were seen in the Pima County Court House project still under construction.

As we now know, and as Supervisor Miller points out, monies can be shifted for any reason by a simple majority vote on the Board.

To see the full Pima County Cost Model for this project Animal Care Center Reso_Bond Election_Memo




3300 East Sunrise Dr Sells MDA for $9.1 Million to Local Group

3300 E Sunrise, Tucson Mountain Views reflected in windows
3300 E Sunrise, Tucson Mountain Views reflected in windows

MDA to Remain As Tenant – Property Renamed to ‘The Offices at La Paloma’

Tucson, AZ, March 14, 2014 – The sale of the 82,942 sq. ft. Muscular Dystrophy Association (MDA) offices at 3300 E. Sunrise Drive took place today, closing at 1:10 p.m., to an affiliate of Tucson-based, Larsen Baker, LLC.  The final purchase price was $9.1 million ($110 PSF) that includes a sale-leaseback by the MDA for a portion of the facility who announced last September that they would be relocating headquarters to Chicago. For prior story click here: http://realestatedaily-news.com/?p=4016

The Tucson facility has 7.14 acres that deliver some of the most scenic views to be found anyplace. With Sonoran Desert and City views from the base of the Catalinas, there are breathtaking panoramic mountain vistas from the site. The land was gifted by Pima County in 1990 to MDA when it first moved its national headquarter to Tucson from New York.

MDA will remain as the major tenant in the offices and said it looks forward to working with Larsen Baker as the MDA building transitions into a multi-tenant corporate office complex to be called The Offices at La Paloma.  Last September, MDA announced it was putting the facility up for sale, but would be keeping the majority of its employees in Tucson.

New LEED Silver Building, 3300 E Sunrise Dr. Tucson
New LEED Silver Building, 3300 E Sunrise Dr. Tucson

The main 67,020-square-foot, 2–story, curvilinear design building was completed in 1992, and a 15,922-square-foot LEED Silver building was added in 2010, creating a truly unique corporate office environment. The property boasts striking executive and private offices around a central cubical office area, conference rooms, auditorium, atrium entrance and gathering areas, complete with media studio, mail and print rooms, kitchen and break rooms, exercise and locker rooms, loading dock and other utility functions.

Don Baker, co-owner of Larsen Baker, released an architectural rendering of how the former single tenant building will be repurposed to serve as corporate offices for multiple executive users.  Larsen Baker plans to make improvements to the entry drive, landscaping and signage and then work with TREO to implement a nationwide search for corporate headquarters that could relocate to Tucson.

Richard Kleiner, MBA, Principal of Cushman & Wakefield|PICOR, and Eric Sorensen, Senior Director of Cushman & Wakefield, represented the Seller.  Andy Seleznov, CCIM and Melissa Lal, CCIM of Larsen Baker and James Marian, CCIM and Juan Teran, CCIM with Chapman Lindsey Commercial Real Estate Services in Tucson represented the Buyer. Larsen Baker will handle the office leasing of the property.

Kleiner can be reached at (520) 546-2745 and Sorenson in Chicago is at (708) 752-2268.  Seleznov and Lal should be contacted at (520) 296-0200; and Marian and Teran are at (520) 747-4000, for more information.

New Redesign For 3300 E Sunrise Dr. as Multi-tenant office
New Redesign For 3300 E Sunrise Dr. as Multi-tenant office




Premier Homes Buys Acreage in Oro Valley for New Subdivision

lot sales - Real Estate Daily NewsDavis Development of Tucson, an affiliate of Premier Building Group (Don Davis, manager) is returning to the housing market, recently acquiring 45.55 acres in Oro Valley for platting an undetermined number of new lots for $1.48 million ($32,500 per acre). The property is located southwest of First Ave. and Naranja Dr in Oro Valley.

Premier Building Group & Premier Homes are full service General Contracting Companies with ongoing residential, commercial and industrial construction operations throughout Arizona, California, & Colorado.

The company has been focused primarily in the construction of hotel projects, retail service, and food service industries. As well as in the construction of professional offices, warehouses, and commercial build out tenant finishes.

Davis told us the company is returning to the housing market after being away for several years with commercial projects.

Premier Homes represents a unique combination of life-style oriented neighborhoods, intriguing architecture, superior building and craftsmanship and support to bring the best possible value to its customers.

The process begins with comprehensive planning to design a home that enhances your lifestyle. Throughout the building of your home, we insist upon quality materials and superior service.

Creative product design, expert craftsmanship and outstanding value are the trademark of Premier Homes. Our homes stand as a testament to our exceptional dedication and commitment to excellence.

Premier Homes is committed to exceeding homeowner’s expectations in all phases of the construction process by placing emphasis on standardization of processes and procedures there by producing affordably priced homes which include quality materials and craftsmanship with finely honed attention to detail.

This philosophy is the driving force for Premier Homes’ founders, two Arizona natives with nearly 50 years of combined home building experience.

Premier Homes refuses to cut corners. By offering a comprehensive package of included features, the Premier Homes team has the ability to maximize quality and reduce error. They stand behind their commitment to every homebuyer by including a 10-year limited warranty on each home.

There were no brokers involved in the transaction.

Davis should be reached at (520) 293-0300 for more information.

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TAR: Tucson Housing Report Inventory Up to Highest Level since May 2011 along with Prices

TARIconTucson Association of Realtors (TAR) has released the Tucson housing report for February 2014. Total sales volume increased 12 percent from January, and up 6.5 percent since February 2013.

Year-over-year unit sales, sales volume and median sales price as well as active listings were all up over 2013.

Here are the highlights from TAR’s Residential Sales Report:

Home unit sales were 961 homes, an increase of 12.5 percent changing hands in the Tucson area since January (854) and ten more than February 2013 unit sales (951). While total sales volume in February was $188.9 million, 12 percent higher than January’s $168.5 million, and 6.5 percent higher than February 2013 ($177.3 million).

Observers see the 961 home closings reported for February showing an increase in median sales price of $158,000,  $750 higher than January; and $9,000 higher (+6%) than February 2013 ($149,000).

The average sales price of $196,581 was $681 lower than January ($197,262); but about 5.4 percent higher than a year ago, that of $186,482 in February 2013.

At the end of February, overall inventory of residential properties increased to its highest level since May, 2011. Boosted by 2,085 new listings, there were 5,721 homes in inventory and month-end, or 5.9 months of inventory in the Tucson area.

In May 2011, there were 5,795 homes for sales in the region, with listings generally trending downward since then, reaching a low of 3,474 units in June 2012. From that point, the housing supply began trending upward until dipping during the spring 2013 selling season.

On average, residential properties spent 63 days on the market in February, 16-days longer than September 2013 which was 47 days, the shortest market days since before 2009. With 1,961 sales pending at the end of February, pending sales up by 8 percent from January.

Conventional loan sales accounted for 41.6 percent of the all the sales in February, continuing to exceed cash sales of 41 percent; while FHA and VA loans combined accounted for the remainder according to TAR’s tracking.

Please refer to full February sales report for graphs and additional information at http://tucsonrealtors.org/tar-v2/statsDec2013.pdf

Tucson Rental Statistics can be found here: http://tucsonrealtors.org/tar-v2/statsRentDec2013.pdf




BLS Unemployment at 6.7% – Gallup’s True Unemployment Rate at 17.5%

U-6 Unemployment rate chart‘Discouraged Workers’ Isn’t The Answer

The Bureau of Labor Statistics released February unemployment numbers on Friday. According to the BLS unemployment rate rose to 6.7% from a five-year low of 6.6%, both the number of unemployed person (10.5 million) and the unemployment rate changed little in February. The jobless rate has shown little movement since December, according to BLS. Over the year, the number of unemployed persons and the unemployment rate were down by 1.6 million and 1.0 percentage point, respectively.

The broader measure of unemployment, or the U-6 unemployment rate, including discouraged workers for February 2014 fell from 13.5% to 13.1%. However, it is interesting to note the independently produced Gallup True Unemployment Rate equivalent called the “Underemployment Rate” disagrees with both and claims it is at 17.5%, down from 18.6% in January. That’s a whopping 3.4% differential between Gallup and BLS on supposedly the same data!

There has been a lot of talk about the validity of the government generated unemployment numbers created by the U.S. Bureau of Labor Statistics (BLS) lately. (And not just on my FaceBook page!)  Gallup looks at the Employment numbers rather than the Unemployment Rate because they are much more accurate. We’ve looked at Employment vs Unemployment and we’ve looked at U-6 (total labor force including those who’ve given up looking) vs. U-3 (those who are still actively looking).  The U-3 unemployment rate is the commonly quoted one, this month at 6.7%. But the one problem is that all that data comes from the same government. If they are fudging the numbers how would we know? Unless as we’ve noted before there are inconsistencies between the Unemployment and Employment Charts. But at last we have an alternative source of information.

In an effort to determine the True Unemployment Rate the Gallup survey folks began doing their own survey on unemployment rates back in 2010. So we can compare Gallup’s results with the results the BLS publishes.

In this chart we can see that the Gallup numbers are occasionally higher than the BLS numbers but they were occasionally lower as well, so it is difficult to tell if the data is significantly different. At first glance they appear to track pretty well until the middle of 2013 when they started diverging drastically making you wonder what the heck is happening at BLS!  In blue shows the BLS Adjusted numbers, red the BLS unadjusted and in green the Gallup numbers unadjusted.

BLS_vs_Gallup_Unemployment_3_Feb2014

In the past few months the BLS numbers seem to have taken a break from reality as they continue to fall while Gallup numbers are considerably higher – a 3.4% differential this month.

Although up until recently the difference wasn’t massive it does appear that the BLS is biased to the low side compared to the independently surveyed Gallup numbers. The average amount the BLS numbers come out below the Gallup numbers is roughly 0.206% (Difference Average) so in other words if the BLS says the unemployment rate is 7.0% on average Gallup would say the True Unemployment Rate was really 7.206%. But on three occasions recently August 2013,  November 2013 and January 2014 the difference has been significantly more than 1% (i.e. 1.4% and 1.6% respectively).

There is also some evidence that a factor like Obamacare is causing a shift in the number of part-time employees (reducing the number of hours worked per employee) so the number of part-time workers necessary is increasing

Some possible explanations up until this point were that people had given up looking for work (became “discouraged workers”) and so they were no longer counted as unemployed under the standard BLS definition. This would of course make the BLS number look better but wouldn’t indicate an improving economy. However logical this possibility sounds, the data just does not hold up.




Stone Canyon Enclave, aka Stone Canyon Donut Hole, Sells for $3 Million

Stone Canyon Golf Course
Stone Canyon Golf Course

Enclave Holdings, LLC a company formed by Terry Klipp of Terramar Properties, Inc. of Tucson purchased the conceptual site plan for a new 70-lot residential subdivision, known as Stone Canyon Enclave, for $3 million ($43,000 per lot). Located in Stone Canyon in Rancho Vistoso, north of Tortolita Mountain Circle and east of Hohokam Village Place in Oro Valley, the property is also known as the Stone Canyon Donut Hole due to its vicinity to Stone Canyon Golf Course.

The property was platted in two phases with the first 36-lots reported last October when the Oro Valley Town Council approved the conceptual plan for a medium density residential 36-lot single family subdivision. The final plat for Stone Canyon Enclave with an additional 34-lots has since been submitted for the Rancho Vistoso Planned Area Development.

Surrounded by the Stone Canyon Golf Course, the subdivision will sit on approximately 28 acres of vacant property and feature single-story homes on lot sizes ranging from 10,000 to 15,000-square-feet and 80’ frontage. Zoning would have allowed for almost double this density, Klipp told us.

The property will feature two points of ingress and egress, from Rock Haven Place on the south and Hohokam Village Place on the north.

Klipp says “The development of the Stone Canyon Enclave site will not be without challenges, it has the golf course on three sides that bring setbacks requirements and after all, it is called “Stone Canyon” for a reason.”

Klipp and partner, Bob Morken of Terramar Properties, with extensive business experience in site development over the past 25-years, are excited about the prospects for this premier upscale subdivision in Oro Valley.

Jim Vincent and Mike Carlier of the Carlier Company represented the buyer and seller, RAHFT Holdings of Tucson, an affiliate of the Hansen Family Foundation (Paul and Susan Lea Clifton, managers).

Klipp should be contacted at (520) 577-7800. Vincent is at (520) 548-0216 and Carlier at (520) 529-3800.

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Walmart’s Smaller Hybrid Stores Bridge Digital Gap

Bill Simon CEO Walmart
Bill Simon CEO Walmart

On February 26th we reported on Walmart Stores’ announcement to significantly accelerate its capital plan for U.S. small store format openings in the current fiscal year. For complete story click here http://realestatedaily-news.com/walmart-accelerates-small-store-openings/

More information was released Wednesday in a presentation at the Raymond James Institutional Investors Conference in Orlando, Fla. (March 3-6) when Bill Simon, CEO of Walmart explained that the retailer is using its Neighborhood Market and Walmart Express formats to create a new kind of “fully tethered retailer,” offering consumers all the possibilities of e-commerce with the convenience of a physical store, including such innovations as grocery delivery, drive-through grocery pickup, and storage lockers.

With Neighborhood Markets, Simons says, “We are in roll-out mode with a direct line of sight for 500 stores by fiscal ’16. And, just to be clear, when we talk about smaller formats, we’re talking about anything below, say, 50,000 or 60,000-square-feet, non-Supercenters , so Neighborhood Markets and Express stores would fall into that category.

Just so everybody’s aware, 90% of Walmart’s fleet is Supercenters, and Supercenters are still a great growth vehicle from a dollar perspective. “We’ll continue to build those where we see the opportunities and add about 125 new Supercenters this year,” Simon says.

“We are using these (smaller) formats so shoppers can order groceries and maybe a snow shovel online, then pick it up on their way home, when they are stopping to gas up at Walmart anyway,” he says. “We’re excited about it because they (smaller formats) compete really well against multiple channels. We’ll build as many as 115 small formats this year, and we see that fleet relative to be about 40% of our new openings.”

It’s not that Walmart Supercenters are going away. “We expect the supercenter to remain vital. It’s a powerful beast. And they perform really well on the weekly stock-up occasion, and we have the ability to flex prototypes.” Those stock-up trips, which account for about 60% of U.S. grocery spending, are a $585 billion market, where Walmart has about 25% market share.

But the problem is that Walmart has fallen behind on fill-in shopping trips, as many smaller competitors, including dollar, drug and convenience stores, have proliferated. “Our growth has been interrupted by the rapid growth in these smaller stores.” Walmart has a roughly 10% share of that $415 billion market.

With the expansion of Neighborhood Markets, first launched in 1999, and the newer Walmart Express launched last year, “we now have an opportunity to really make an impact in this area.”

These stores are hybrids, he says, “designed to not only compete in grocery but also across a much broader space, including fresh foods, fuel and pharmacy.” Nor do they seem to cannibalize sales from larger Walmarts. “Data shows we are capturing new sales, new dollars and new trips when we put these stores in.”

But what makes the concept powerful, he says, is combining the smaller stores with the power of its e-commerce capabilities combined with Walmart’s everyday low prices. With Walmart Express, “it is a full-capability store, with fuel, pharmacy and fresh foods, and it is all right in your zip code. Because of the breadth of the product offering and the connectivity, we are building a competitive advantage against all spectrums of retail, from pure physical to pure digital.”

He says the company’s first “fully tethered” units will come online May 2 in Denver, followed by San Francisco. Its pick-up grocery service, which has been testing in 11 stores in Denver, has resulted in a 90% customer satisfaction level.

Separately, Walmart says it recently acquired digital recipe start-up Yumprint, a start-up that publishes recipes from more than 2,000 blogs and Web sites. Given Walmart’s sophisticated use of mobile in-store, the deal could highlight some bigger partnerships between the retailer and its CPG brands.

To see the full transcript of Bill Simon’s presentation at the Raymond James Institutional Investors Conference in Orlando, Fl March 5, 2014 Transcript Bill Simons CEO Walmart Presentation.

To see the accompanying slide presentation click here:  Power Point Presentation Walmart US at Raymond James 3-5-13.pdf




“America’s Drive-In” Structures Sale Leaseback worth $3.12 Million in Tucson

Sonic_Drive_In_signThe Tucson Sonic Drive-in franchise owner, Stuart Carey, has structured a sale leaseback on six of his nine Sonic restaurants in Tucson for $3.12 million. The sale price was for partial interest in four of the six properties at 2222 E Broadway, 3800 N First Ave, 9439 E Broadway Blvd, and 7940 N Thornydale Road. The Sonics at 1001 W Grant Road and 8000 E Golf Links Road in Tucson were for 100% ownership for an aggregate amount of $1.87 million ($678 PSF).

Sonic at Night
Sonic at Night

The buyer was B&B Merritt Real Estate of Las Cruces, NM (Bobby Merritt, chairman), also a Sonic franchisee based in New Mexico. Terms of the leaseback were undisclosed.

Sonic, American’s drive-in fast-food restaurant chain is based in Oklahoma City, Oklahoma. As of August 31, 2011, there were 3,561 restaurants in 43 U.S. States, and 28 of them right here in Arizona, serving approximately 3.6 million customers per day. In 2012, it was ranked 11th in QSR Magazine’s rankings of the top 50 quick-service and fast-casual restaurant brands in the nation. Known for its use of carhops on roller skates on, the company annually hosts a competition to determine the top skating carhop in its system. It also hosts, with Dr. Pepper, an internal competition between drive-in employees. The company’s slogan is “America’s Drive-In.”

Although Sonic has operated since the early 1950s, Sonic Corp. was incorporated in the State of Delaware in 1990. It has its corporate headquarters in Oklahoma City, Oklahoma; the headquarters building features a dine-in Sonic restaurant in an adjacent building. Its stock trades on NASDAQ with the symbol SONC.
There were no brokers reported in the sale.

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KB Home’s Latest Subdivision at La Cima Esplendora, Tucson

lot sales - Real Estate Daily NewsKB Home Tucson purchased 57 P&E lots at the new La Cima Esplendora subdivision, 23.51 acres located on the southwest corner of Houghton Road and Escalante, for $1.6 million ($27,500 per lot).

The new residential cluster project has southeast Tucson high elevation lots that provide views of Tucson from this elevation and Rincon Mountains views to the east, and $400,000 homes sold just east of this across the road from this subdivision.

Lots have engineered plans approved needing utilities to start build.

KB Home offers product to first-time homebuyers or those looking to move up. From a wide selection of ranch and 2-story homes in Vail. With small town charm and just a short drive to shopping, dining, recreation, major employers and downtown, plus ENERGY STAR® qualified.

Will White with Arizona Land Advisors in Tucson represented Landmark Title Trust #18,174-T, a group of individual sellers, and the builder.

White can be reached at (520) 514-7454.




State Health Assessment Lists Rural Communities in Need of More Care

AZ State Health AssessmentAJO, Arizona – Arizona’s first State Health Assessment listed Ajo among Arizona communities with the highest health risk outside of the Phoenix and Tucson metro areas. Conducted by the Arizona Department of Health Services, the assessment considered factors such as access to health care facilities and professionals, maternal care, mortality and environmental health.

Income is a major social determinant of health when considering health disparities and level of health risk of an individual or a community. The ability to access health services, prevention, and treatment depends on insurance and having the capacity to pay. Lack of income also plays a role in families’ ability to access healthy foods; maintain safe, affordable housing; and stay in school. According to the US Census, 19% (1.2 million) of Arizona families live in poverty. When low income is combined with health risk, the result is an elevated risk for poor health outcomes for families in that community.

The highest health risk communities Statewide, 2008-2012:

    • Ajo
    • Bisbee
    • Casa Grande
    • Coolidge
    • Douglas
    • Eloy
    • Globe-Hayden
    • Holbrook
    • Kingman
    • Round Valley
    • Winslow
    • Tribal Communities: Hopi Nation, Havasupai Indian Community, Hualapai Tribe, Navaho Tribe, Pasqua Yaqui Tribe, San Carlos Apache Tribe, Tohono O’odham Nation and White Mountain Apache Tribe

(Source: Arizona Department of Health Services)

The list of services one can’t get in Ajo is long: no prenatal care, no specialty doctors, no nursing home, no home-health nurses, no physical therapy. Desert Senita health center now has the only pharmacy in town after the owner of the other pharmacy retired. The health center does have a lab on site, but insurance regulations dictate what kind of tests it can do.  The lab often has to send patients or lab work to Phoenix or Tucson – 130 miles away – to be tested.

Will Humble, director of the Arizona Department of Health Services, said the assessment will help his team make decisions on health care services around the state.

“One of our tasks is to help identify those areas that are in most need and put together evidence-based health outcomes that are targeted so we pick and choose the areas we’re likely to be most effective,” Humble said.

To better understand the health status of Arizona’s population, the Arizona Department of Health Services partnered with each of the county health departments to conduct a Community Health Assessment. This assessment included the collection and analysis of data from the community and information from a variety of sources. The result of this collaborative process is the State Health Assessmnet (SHA) report.

The SHA report helps to prioritize health issues, communities in need and effectively allocate resources to improve the health and wellness of all Arizonans. The SHA report is one of the three accreditation prerequisites set forth by the Public Health Accreditation Board (PHAB), and will help ADHS deliver the core functions which encompass assessment, policy development and assurance. ADHS is partnering with local health departments and other public health organizations to accomplish this collaborative effort. The goal of accreditation is to assess the health department’s ability to deliver these three core functions, in addition to the ten essential services of public health. The next one.




Medical Condos Sell for $1.5 Million

12480 N Rancho Vistoso
12480 N Rancho Vistoso Blvd, Oro Valley

Two medical condos sold recently in the northwest submarket and a third in northeast Tucson.

NORTHWEST SUBMARKET
JK Pain Consultants of Tucson (Samir Patel, D.O) bought a 2,287-square-foot office condominium at 12480 N. Rancho Vistoso Boulevard, Suite 180 in Oro Valley, AZ from Oro Vistoso, LLC of Tucson (Kennth Fenster) for $450,000 ($197 PSF). The property was constructed in 2005.

Dr. Patel is a pain physician who specializes in the interventional treatment of chronic pain. He purchased the office to owner occupy. Dr. Patel completed his pain medicine fellowship at the University of Florida in 2008 and is board certified in both Anesthesiology and Pain Medicine by the American Board of Anesthesiology.

Ron Zimmerman, Industrial Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

Redwing Investments, LLC of Tucson (Charles Cardinal, manager) bought a 1,867-squar-foot office condo at 6700 N Oracle Rd, Suites 322 & 323 in Tucson for $252,000 ($135 PSF). The building was constructed in 1985 as a portion of the 6700 Oracle Road Professional Center.

The seller was Hard Rock Investments, LLC of Tucson (Randy Jumper, manager).

NORTHEAST SUBMARKET
In an unrelated transaction, Dr. Adam Pershing, DDS, purchased a 1,844-square-foot dental office at 2300 N Craycroft Road, Suite 4, in Tucson for $390,000 ($211 PSF). The property was built in 1985 and is brick construction in this medical / dental complex Craycroft Professionals, located at Grant and Craycroft.

The seller was Adams Suite 4, LLC of Tucson (Howard L Adams, manager).

Zimmerman can be contacted at (520) 248-0427.