1st Quarter Sales

TUCSON, Arizona -- The White Ohana LLC. an affiliate of Finisterra Corporation of Costa Mesa, CA purchased the 32,391-square-foot building at 3951 E. Columbia St. in Tucson for $3.65 million ($113 PSF). The property was built in 1994 in the Alvernon Rail Center on 4.26-acres, located southeast of Ajo and...

TUCSON, Arizona – Local non-profit, The Institute for Better Education (IBE), purchased a 3,710-square-foot office building at 921 N. Swan Road in Tucson from Pyramid Credit Union for $440,000 ($118 PSF).  The buyer plans to relocate its operation from 911 S Craycroft Road after it completes some interior construction. IBE...

TUCSON, Arizona -- Nickel Properties, LLC of El Paso, TX (David Ogle, manager) sold the Great American Steakburger at 8995 East Tanque Verde Road in Tucson for $935,000 ($181 PSF). The 5,169-square-foot building and 36,242-square-feet of land sold for the newest Lindy’s on 4th location. Catcherfly, LLC (Tim and Shannon...

TUCSON, ARIZONA -- Vast Commercial Real Estate Solutions (VAST), a full-service commercial real estate and investment brokerage firm, brokered the sale of Building C at 6420 E Broadway Boulevard, Tucson, AZ 85710. Located along the high-traffic Broadway Boulevard in the El Mercado Office Plaza, the 16,830-square-foot space sold for...

TUCSON, Arizona -- HKM California Properties, LLC (Rob Whittey) purchased the Safeway Store #1749 at 9100 N Silverbell Road in Marana from Fortress Investment Group LLC (NYSE: FIG) for $8.26 million ($150 PSF) in an investment transaction. Safeway will continue to occupy the property. The Marana Safeway sold previously as...

TUCSON, ARIZONA –  Time Market owner Peter Wilke purchased the former Scordato’s restaurant at 4405 West Speedway Blvd. in Tucson from Safari Development, LLC (Tracy Hardy, member) for $430,000 ($65 PSF). Future plans for the 6,639-square-foot building on almost 2 acres are unknown to us at this time. Meanwhile, Tucson Foodie...

TUCSON, Arizona -- The following commercial real estate transactions reported by members of the Southern Arizona CCIM Chapter created a lot of conversation at the March meeting, so we've created the CCIM Conversation Corner to cover them. James Robertson, CCIM, & Omer Kreso of Realty Executives sold 12 residential units...

TUCSON, ARIZONA -- David Lee had been eyeing the property at 902 E Speedway Blvd in Tucson for some time with future expansion to his adjoining property at 914 E Speedway in mind.  He finally was able to acquire the asset this month in a complex three-legged transaction. Speedway Park...

MARANA, Arizona -- Richmond American Homes and Lennar Homes teamed up to buy Block 35 and 39, the first sales in Gladden Farms II. Richmond acquired 64-lots for $3,456,000 and Lennar purchased 59-lots for $3,186,000, or $54,000 per finished lot. Both builders are currently building in Gladden Farms I, to...

TUCSON, ARIZONA – The former Mimi’s Café at 120 S Wilmot Road in Tucson sold for redevelopment to a real estate developer for $925,000 ($31 PSF) for land value. The seller was Kirkwood Enterprises, Inc. of Scottsdale (Cynthia Pappas, President / CEO). The 6,314-square-foot restaurant building located near Broadway and...

TUCSON, AZ -- ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $10,550,000 / $95,909 per unit sale of the Orange Tree Village Apartments located at 645 W Orange Grove Rd. in Tucson, Arizona.  Orange Tree Village is a lower density...

Phoenix, Arizona – Downtown Phoenix is home to a vibrant business and entertainment district with shopping at the CityScape Phoenix complex and art galleries on Roosevelt Row.  SVN DesertCommercial Advisors in Phoenix is one of the largest commercial real estate brokerages that make a strong presence in the downtown...