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 leased for 30 years. The property […]
North First Medical Plaza Central Tucson Sells for $1.95 Million Read More »
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. The buyer was SB Pacific
The Peaks at Redington Apartments in Tucson Sell for $14.5 Million Read More »
“Multifamily buyers beginning to move their money from the Phoenix market to Tucson, capitalizing on higher cap rates and lower per unit acquisition costs” Tucson, Arizona — Colliers International in Greater Phoenix has negotiated the sale of two Tucson apartment complexes in transactions totaling $13+ million. The properties were purchased by private investors and are
Colliers Sells Two Tucson Multifamily Communities for $13+ Million Read More »