Bernard M. Diamond and Deborah E. Diamond, as Co-Trustees of the Bernard and Deborah E. Diamond Trust traded into the under construction O’Reilly Auto Parts store at 16329 North Oracle Road in Catalina for $1.621 million ($238 PSF).
The property, consisting of a 6,800-square-foot building on 26,700-square-feet of land sold with a 20 year lease term to O’Reilly Auto Parts. The store is expected to be ready for occupancy by January or February.
O'Reilly Automotive, Inc., is a publicly traded chain of auto parts stores that started with one store in Springfield, Missouri, in 1957. It has since grown to include more than 4,400 stores in 42 U.S. states. The corporation is headquartered in Springfield. This will be the 22nd store in the Tucson metro area.
Dave Hammack and Debbie Heslop, CCIM, of Volk Company represented the seller, TOMBO51, LLC in the sale and Clark Everitt with Investment Real Estate Advisors or Encino, CA represented the investor.
To learn more Hammack and Heslop should be reached at 520.326.3200.
For additional information see RED Comp #3453.