Saturday, April 20, 2019

California Investor Trades into ADP Building at Williams Centre fore $11.025...

TUCSON, ARIZONA -- ADP building located in Williams Centre, 5452 East Williams Boulevard, traded to Allegretti & Company, Inc., out of Chatsworth, California for $11.025 million ($222.53 PSF). The class-A office building is 100% occupied by Automatic Data Processing (ADP). Allegretti & Company (Joe Allegretti, President) was in a 1031...

Northwest Exterminating Expands at the Shamrock Center in Tucson

TUCSON, ARIZON -- Northwest Exterminating and Northwest Landscaping purchased a 2800-square-foot industrial building and 1.33 acre of vacant excess land in Shamrock Center for an aggregate total of $905,000. The company already occupies the building at 4645 N Shamrock Place and purchased the properties for expansion. The building at 1771...

Berkadia Completes Sale of Canyons at Linda Vista Trail in Oro...

ORO VALLEY, ARIZONA -- Northland Investment Corporation of Newton, MA (Matthew Gottesdiener, Chief Investment Officer) acquired Canyons at Linda Vista Trail, a 228-unit luxury apartment community in Oro Valley, for $41.25 million ($181,000 per unit). The purchase of the new development completed in 2014 by Boulder Oro Valley (Ross...

Iconic Deconcini Building on Broadway Sells for $4.73 Million

TUCSON, Arizona – The iconic DeConcini Building at 2525 E Broadway in Tucson sold for $4.725 million ($147 PSF). The 32,160-square-foot building located on 2.08 acres at the northeast corner of Broadway and Tucson Boulevards was 100% occupied at time of sale and purchased by Broadway Executive Plaza (Robert Assenmacher,...

Crandell Glass & Aluminum Buys Tennessee Street Property, Tucson for New...

TUCSON, ARIZONA -- Crandell Holdings, LLC (Aaron Crandell, manager) purchased 4349 E. Tennessee Street from Tucson Industrial Centers Inc. for $620,000 ($74 PSF). The 8,400-square-foot industrial building was built in 1982 on 2.68 acres and has a large fenced storage yard. United Rental, a previous tenant, did a new buildout...

New Jack-in-the-Box Coming to Marana Roundabout Area

MARANA, ARIZONA – Revere Investments of Mesa (Robert Campbell, manager) purchased 27,000-square-feet of land in Marana for $515,000 ($19 PSF) for construction of a Jack-in-the-Box Restaurant. Located across from McDonalds near Circle K, south of Marana Road on Sandario near the new roundabout. The buyer dedicated a portion of the...

Anchorage Investment Group Buys Tucson Industrial Property for $12.45 Million

TUCSON, ARIZONA -- Pacific Acquisitions, LLC an affiliate of Bond Commercial Properties purchased a 57,000-square-foot industrial building from Davis Selected Advisors located at 3601 East Britannia Drive in Tucson Arizona for $12.45 million ($218. PSF). The property was fully occupied by a defense related tenant and sold in for investment. The...

UCPSA Office Sold for New Chiropractic Office

TUCSON, Arizona -- David D. Heaton, D.C. and Ida Drucilla Heaton of Tucson purchased the 4,080-square-foot building at 601 N. Craycroft Road in Tucson from United Cerebral Palsy of Southern Arizona (UCPSA) for $448,800 ($110 PSF). Built in 1986 on an 18,900-square-foot lot, the property is located at the southeast...

LAO Jumps into January with $7.7 million sales closing in Northwest...

Oro Valley, Arizona -- Land Advisors Organization (LAO) Closed on $7.721 million in residential land deals in northwest Tucson since the start of 2019. Pulte Home Company plans to plat for development 45 acres of land in Oro Valley at Rancho Vistoso. The land drew a sale price of $4.9...

Fry’s Marketplace To Be Developed at 22nd Street & Houghton Road

Tucson, AZ- There has been some updated information received to our April 24, 2018 article on Smith’s Food & Drug Centers, Inc., dba Fry’s Food & Drug Stores, that acquired 16.3 acres of undeveloped land at the northeast corner of 22nd Street and Houghton Road, Tucson, AZ, from Twenty-Second...

Tanque Verde Apartments in Tucson Sell for $26.5 Million for 428-Units

TUCSON, Arizona -- CBRE has completed the sale of the Tanque Verde Apartment complex, 428-unit multifamily community located at 7671 E. Tanque Verde Road in Tucson, Ariz. The multifamily asset sold for $26.5 million ($61,916 per unit). The property was 96 percent leased at time of sale. Michael Sandahl with...

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....
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