Sunday, December 16, 2018

North First Medical Plaza Central Tucson Sells for $1.95 Million

TUCSON Arizona -- North First Medical Plaza a multitenant complex, located at 4701-4747 North 1st Avenue in Tucson sold for $1.95 million ($75 PSF). The seller, Wetmore Land Corporation of Tucson (Gerald & Phyllis Altschuler) was the developer and builder of the 18 office condominiums that it self-managed and...

One of Nation’s Largest REITs Grows Portfolio with Tucson’s Dave &...

Spirit Realty Capital attracted to Tucson Marketplace at the Bridges Buys Second Investment Property Here TUCSON, Arizona - Spirit Realty Capital (NYSE: SRC) of Dallas Texas, one of the largest publicly traded triple net-lease real estate investment trusts (REITs) acquired the brand-new Dave & Buster’s Sports Bar at 1390 E...

DaVita Kidney Care Dialysis Center Sells for $2.5 million

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...

Spirit Realty Adds Century Tucson Marketplace-14 to Portfolio for $15.55 Million

TUCSON, Arizona -- Spirit Realty Capital (NYSE: SRC) of Dallas Texas added to its investment portfolio the new  Century Tucson Marketplace-14 for $15.55 million ($290 PSF). The new  Cinemark NextGen Theatres is located at 1300 East Tucson Marketplace Blvd. The 53,678-square-foot theatre, with 14 screens and 1,294 seats, has...

Country Gardens 76-Unit Apartments in Tucson sells for $3.4 Million

TUCSON, Arizona – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Country Gardens, a 76-unit apartment property located in Tucson, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix/Tucson...

Tucson Student Housing 4-Plex Fetches $2.85 Million for 32-Beds

TUCSON, ARIZONA – Student Housing at 50 N Mountain Ave. in Tucson sold for $2.85 million ($89,000 per bed) to investors from Glendora, California by a Family Trust in Los Osos, California. The newer construction (built 2015) was built for student housing within 3 blocks of the University of Arizona....

Chapman Lindsey: Q1 Residential Lot Sales Report

By: Aaron Mendenhall and Dan Feig, Chapman Lindsey Commercial Real Estate Services New home sales are up in 2016. Per SAHBA, monthly net sales from their 12 member builders so far in 2016 has each been higher than any month in 2015 with the exception of January’s 173 net sales...

Saguaro National Park East Adds 44 Acres to Preserve

TUCSON, Arizona -- The Trust for Public Land transferred 44 acres to Saguaro National Park (East district) located north of Vail. The new acreage adds a critical water resource to Saguaro National Park (SNP) east. The land was purchased by the Trust for Public Land (LWCF) from Scott and Kate...

B/E Aerospace Building in Tucson Sells for $13.2 Million

TUCSON, ARIZONA -- Burl Holdings,LLC (Russ Bomhoff) sold the property occupied by B/E Aerospace in the Eastside Research / Commerce Center sold to an investor from Anchorage, AK for $13.2 million ($105 PSF).  The Florida-based company, B/E Aerospace, bought the Tucson company  Bomhoff Inc., a maker of cabinetry for...

Copart Tucson Buys Salvage Vehicle Auction Facility for $2.8 Million

TUCSON, Arizona – Dallas-based Copart, Inc. (NASDAQ: CPRT) acquired the 6,200-square-foot building and 4.6-acre salvage vehicle sales facility at 5600 South Arcadia Avenue in Tucson, Arizona for $2.8 million where they have leased for several years from DP Auto Salvage of Tucson (David Parri, CEO). Copart, founded in 1982, provides...

Marshall Foundation Buys Ground Lease at Main Gate Square in Tucson

TUCON, Arizona -- Main Gate Square is one of the oldest shopping districts in Tucson dating back to 1922, part of a 4-square block redevelopment district which includes 138,000-square-feet of retail space and 200,000-square-feet of office space.  Tucson’s modern street car connects downtown activity centers, including Main Gate Square, along a...

Lindy’s off 4th Opens on Tanque Verde

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...
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