Tuesday, July 16, 2019

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...

Larsen Baker acquires Manzanita Plaza for $15.15 Million

Tucson, Arizona - Larsen Baker, through its affiliate Manzanita Investment Group, LLC, purchased Manzanita Plaza, a 116,400-square-foot neighborhood center at the northwest corner of Valencia and Cardinal Road in Tucson, Arizona. The purchase price was $15,150,000 ($130 PSF). Built in 1986, Manzanita Plaza is anchored by Safeway, and includes McDonalds,...

Christine’s Antiques and Elegant Junque Shop Closes after 58 Years

TUCSON, ARIZONA -- Vast Commercial Real Estate Solutions (VAST), a full-service commercial real estate and investment brokerage firm, brokered the sale of two retail buildings with a combined 176 feet of frontage on Speedway Blvd located at 4932 and 4940 E Speedway Blvd, Tucson, AZ 85712. Built in 1956 and...

EZ 8 Self-Storage Sells for $2.15 Million

TUCSON, ARIZONA -- Bill Alter is pleased to announce the sale of EZ 8 Self Storage located at 702 W. Silverlake Road in Tucson, Arizona. The sale closed on February 28, 2019 for more than $2,150,000, which represents a price per square foot of about $60 and a cap rate...

Top of Swan Fetching Top Prices for Office Condos in Tucson

TUCSON, ARIZONA – Two Class A office condominiums recently sold at Top of Swan offices at the northeast corner of Swan and Skyline Drive in Tucson.  The 37,469-square-foot project was built in 2015 and offers office condos for sale and for lease with an option to buy. KOA Properties, LLC...

Richmond Restocks 74 Lots at La Estancia Tucson

TUCSON, ARIZONA – Richmond American Homes has acquired an additional 74-lots at La Estancia for $4.023 million ($54,360 per finished lot). The 45’ wide lots are the next phase of current offering with Richmond that is priced at $1,208 per finished lot frontage. Richmond is finishing its first 99-lots that...

Lennar Closes on 195-Lot Prelim Plat for $6.7 Million in Marana

MARANA, ARIZONA -- In one of the largest number of lots sold in a single transaction for the past year in metro Tucson, Lennar Arizona closed on 195 pre-platted lots at Preserve Twin Peaks located at Twin Peaks and Camino De Manana for $6.7 million ($34,359 per lot). The...

Two Leased KFC Restaurants in Tucson Sell for $1.34 Million

TUCSON, ARIZONA - The KFC leased property at 6872 E. Tanque Verde Rd in Tucson was sold to a local investor, Dahlstrom 9872 Tanque Verde, LLC (Terry Dahlstrom, manager) for $592,262 ($326.50 PSF). The 1,814-square-foot building was built in 1992 with drive thru on a 15,246-square-foot lot near Country...

MedImpact Buys Independence Plaza for Expansion at Williams Centre for $2.9...

TUCSON, ARIZONA -- Independence Plaza, situated in the William’s Centre, a master planned office, retail and apartment development at 350 South Williams Blvd in Tucson sold for $2.925 million ($131 PSF) by MedImpact Healthcare Systems of San Diego for expansion. Located in the heart of Tucson’s dynamic East Central Office...

Brake Max Coming to Tucson Marketplace at the Bridges

TUCSON, Arizona – A 35,000-square-foot pad at the Bridges sold for $605,323 ($17.29 PSF) by AMPROP Enterprises of Tampa, FL for an 8,000-square-foot Brake Max.  The new Brake Max is expected to have 8-bays when completed near Costco. Tucson Marketplace at the Bridges is located between Park and Campbell at...
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