Saturday, April 20, 2019

Tucson Industrial Realty Handles Sale of Two Tucson Industrial Buildings

TUCSON, Arizona – Dave Gallaher, CCIM, of Tucson Industrial Realty has announced the closing of 4625 South 3dr Avenue in Tucson for $850,000 ($36.80 PSF) for the sellers, James and Patricia Novak to Howard Tran, the buyer. Seller was motivated since having sold the business ACS International, formerly known as...

Mister Car Wash Acquires Tucson Marketplace at the Bridges Pad for...

TUCSON, ARIZONA -- Mister Car Wash purchased 1.49 aces of vacant land at Tucson Marketplace at the Bridges located at 2975 South Kino Pkwy in Tucson for $1.4 million ($21.57 PSF). Tucson-based Mister Car Wash continues to expand, now with 266 car washes it operates in 21 states. Prior...

Oregonian Investors Acquire Campbell Plaza Garden Apartments for $1.6 Million

TUCSON, ARIZONA -- Built in 1976, the Campbell Plaza Apartments consist of 30 one-bedroom units in 6 single-story buildings totaling approximately 14,688-square-feet on approximately 1.12 acres. The property at 1811 E Blacklidge Drive in Tucson recently sold for $1.6 million ($53,333 per unit) to Oregon investors, MLIII Investments, LLC and...

Saguaros Viejos West 44 SFR Lots Sell for $2.84 Million in...

ORO VALLEY, Arizona – Pulte Home Company purchased the Saguaros Viejos West subdivision in Oro Valley for $2.838 million ($64,500 per lot). The 44 lots were platted only for 12,000-square-foot lots in this new subdivision located northwest of Naranja and La Cholla Blvd. in Oro Valley. Saguaros Viejos West is...

Grimm Commercial Bringing RoadHouse Cinemas to Northwest Tucson

TUCSON, ARIZONA – An investment group of seven LLCs managed by Steve Grimm of Grimm Commercial has acquired the Fiesta Plaza at the northwest corner of Oracle and River Road in Tucson for $5.3 Million and is planning to bring RoadHouse Cinemas to the site. The acquisition followed the sale...

Volk Co. Agents Close $8 Million in Sales this Month

TUCSON, Arizona -- Volk Company started the year off strong with eight closings in a thirty-day period, totaling almost $8 million, and including four restaurant sales. Brenna Lacey and Kevin Volk of Volk Company represented the seller, Steamroller Pad LLC, in the $2,660,000 net leased investment sale of the Starbucks...

Starbucks at Valencia Marketplace Fetches $2.66 Million

TUCSON, Arizona – A California investor from Alamo, CA, FLM LLC, traded into the acquisition of a Starbucks outpad at 1765 West Valencia Road in Tucson for $2.66 million ($850 PSF). Brenna Lacey and Kevin Volk of Volk Company represented the seller, Steamroller Pad LLC (Richard Volk, manager) in the...

Skin Appeal Takes Two Fort Lowell Condos for Expansion Space

TUCSON, ARIZ. —  MK Tucson Properties, owner of Skin Appeal, purchased expansion space at 1700 East Fort Lowell Rd. Ste. #101 & #102 in Tucson for $723,150 ($136 PSF). The additional 5,317-square-feet in two condominiums were constructed in 2000 in the Fort Lowell Condominiums and will allow expansion for Skin...

HSL Sells Bear Canyon Apartments to Cali Investment Portfolio for $35.6...

TUCSON, Arizona- HSL Properties (Omar Mireles, President) through its affiliate HSL Bear Canyon Apartments, sold Bear Canyon Apartments at 9055 East Catalina Highway in Tucson for $35.6 Million ($150,000 per unit) to M3 Multifamily Fund of Santa Barbara, CA. The property was originally platted for condominiums in 1996 with (72)...

Dunkin Donuts Investment Trades For $951 PSF in Tucson

TUCSON, ARIZONA – A California investor traded into the acquisition of the Dunkin Donuts store at 5346 East 22nd Street in Tucson for $2.1 million ($951 PSF). The 2,209-square-foot store was built in 1984 as a stand-alone building with drive-thru and completely renovated in first quarter 2016. Located southeast of...

Cushman & Wakefield closes 43 Tucson Apartment Units for $2.28 Million

TUCSON, ARIZ. -- AZDA, LLC investors from Miami Beach, Fla. purchased Alvernon Apartments, a 24-unit apartment complex located at 2053-2099 N. Alvernon Way in Tucson, from KMS Enterprises, LLC for $937,500 ($39,062 per unit) as a value add investment. Alvernon Apartments is a centrally-located apartment complex built in 1965 just...

Retail Pad at Viewpointe at Vistoso Trails Sold

ORO VALLEY, ARIZ. -- Vast Commercial Real Estate Solutions (VAST), a full-service commercial real estate and investment brokerage firm, brokered the sale of commercial land located at the hard southeast corner of Rancho Vistoso Blvd and Moore Road in Oro Valley, AZ 85755. Located in the heart of the...
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