Thursday, January 18, 2018

Romano Completes Sale of Colonia Verde Retail Shops for $2.93 Million

TUCSON, Arizona -- Phoenix investors, The Bynum Family Trust, traded into the purchase of Colonia Verde at 7245 E Tanque Verde Road in the Eastern submarket of Tucson.  The 9,216-square-foot retail center sold fully occupied with five tenants. The property commanded a sale price of $2.925 million ($317 PSF). Built...

Trending: Tucson Office Sales up 27% year-over-year

TUCSON, Arizona – According to RED Comps, tracking all commercial sales, Tucson office sales volume for the first two months in 2017 are up by 27% year-over-year with only three more sales for the same period, prices are trending upward. Average sale price year-over-year is up by $10,000 from...

Rancho Los Amigos MHP sold at $4.8 million for Redevelopment

Historic Rancho Los Amigos, a mobile-home park that began as a citrus grove, at 600 West Orange Grove Road in Tucson was bought by Alta Vista Communities (Roger Karber, manager) recently for $4.8 million ($282,353 per acre). The property sold for land value and is located just west of the...

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...

The Peaks at Redington Apartments in Tucson Sell for $14.5 Million

TUCSON, Arizona – A Scottsdale-based company recently purchased the Peaks at Redington, a multifamily property in Tucson, Arizona. Senior Managing Art Wadlund and Associate Director Clint Wadlund completed the $14.5 million ($48,173 per unit) sale, which closed on January 19. Berkadia represented the seller, PEM Investments, based in Scottsdale, Arizona....

Tractor Supply Expands with 4th Store in Tucson metro

TUCSON, Arizona -- Tucson South Development Group LLC, an affiliate of Long Development Corporation (David Long, president) has purchased 5.34-acres located south of the southeast corner of Indian Agency Rd and Valencia Rd within the Midvale Park Shopping Center in Tucson, Arizona for $1.4 million ($6 PSF) for the...

Tucson Group Buys Former Valero Pad at Grant & Tanque Verde...

TUCSON, Arizona - Investment group, Keystone 6630 Grant Road, LLC of Tucson (Steve Grimm, manager) bought the C-2 Zoned Retail Pad, a former a Valero Gas Station, at 6630 East Grant Road in Tucson for $580,000 ($32.22 PSF). Built in 2001, the former gas station, with 2,140 –square-foot convenience store...

BMO Bank Oro Valley Sells for $2.62 Million

ORO VALLEY, Arizona -- The BMO Bank at 10655 N Oracle Road in Oro Valley sold in a triple net investment sale for $2.62 million ($518 PSF). An outparcel to Target, Ross, Office Max, PetSmart and Fry’s Center and across from The Home Depot in Oro Valley, with a new...

Modern Lift Expanding to new Industrial Building in Tucson

TUCSON, Arizona -- Modern Lift, Inc. (Bill and Mary Riley, owners) purchased an industrial building with yard at 6080 S Masterson Avenue in Tucson for $343,000 ($42 PSF).  Purchased for expansion of the business, the company is currently located at 3175 E 46th Street in Tucson. Modern Lift Inc offers...

Rio West Buys Building for CODAC’s Relocation to Fort Lowell Office...

TUCSON, Arizona -- CODAC Behavioral Health Services will be relocating from 3100 N 1st Avenue in Tucson to Fort Lowell Office Plaza at 360-380 E Fort Lowell Road in Tucson. CODAC sold the building at 3100 N 1st Avenue for $1 million ($53 PSF). The 18,729-square-foot building on 2.02 acres...

New Homebuilder Enters La Estancia Masterplan Community

TUCSON, Arizona -- With strong home sales shown by Meritage Homes, Richmond American Homes is entering La Estancia masterplan with the purchase of 99-SFR lots from Sunbelt Holdings. Lots are 45’x 110’ and commanded a finished sale price of approximately $4.9 million ($49,500 per finished lot). Scottsdale-based Sunbelt is a...

New York REIT Picks Tucson for First $46M Acquisition West of...

Multifamily Portfolio Sells for $46 Million Updated: 3/1/2017 Tucson, Arizona — New York-based, Dasmen Residential (Michael I Katz, CEO) purchased a 1,166-unit portfolio in Tucson from Omninet Capital of California for $46 million ($39,451 per unit). The transaction marks the buyer’s entry into Tucson and its first acquisition west of...
image_print