TUCSON, AZ (April 2, 2026) — Institutional Property Advisors (IPA), a division of Marcus & Millichap dedicated to serving institutional clients, announced the sale of Brookwood, a 272-unit multifamily community at 201 S. Kolb Rd. in Tucson, for $28.25 million.

The March 19 investment sale works out to about $103,860 per unit and $138.76 per square foot for the 203,586-square-foot property, which sits on 9.93 acres. The seller was VP Brookwood LLC, c/o Stoneweg US LLC of St. Petersburg, Florida. The buyer was AndMark Brookwood Apartments LLC, c/o AndMark Investment Fund VII LLC of Los Angeles.

Marcus & Millichap’s Tucson office, working through IPA, handled the listing. Clint Wadlund and Hamid Panahi represented the seller and procured the buyer.

“Brookwood is well-positioned within East Tucson and benefits from proximity to multiple employment sectors, including healthcare, business and professional services, retail, and hospitality, offering residents access to approximately 3,200 employers and more than 77,000 jobs,” said Clint Wadlund, IPA managing director investments.

“This acquisition reflects the continued confidence investors have in Tucson’s multifamily fundamentals,” said Hamid Panahi, IPA senior managing director investments. “With a diversified employment base and sustained renter demand, Tucson continues to attract long-term capital. The buyer has been steadily expanding its footprint in the market, and this transaction reinforces its commitment to investing in Tucson’s long-term growth.”

The property is on Kolb Road just south of Broadway Boulevard, with access to Downtown Tucson and Interstate 10. Nearby employers include Raytheon, Davis-Monthan Air Force Base, Banner Health, Tucson Medical Center, and Carondelet Health Network.

Built in 1973, Brookwood is a two-story, garden-style apartment community with 23 apartment buildings and a unit mix of 176 one-bedroom and 96 two-bedroom apartments. The weighted average unit size is about 760 square feet. Amenities include a clubhouse, pool and spa, fitness center, EV charging stations, laundry facilities, courtyards, covered parking, and a dog park.

The buyer is not new to Tucson. Los Angeles-based AndMark Management Company focuses on workforce-oriented multifamily housing in smaller and mid-sized U.S. cities, targeting markets where it sees demand supported by steady middle-income employment and returns driven by cash flow and value-add improvements.

AndMark has already built a notable Tucson footprint with properties including Paragon on Pima, Copper Creek Apartments, San Marin Apartments, and Palomino Crossing. The firm also owned Paseo del Sol, a 152-unit Tucson apartment community, which it sold in 2022 for $33.6 million.

For more information, Wadlund can be reached at 520.349.0621 and Panahi at 520.719.6511.

TUCSON, AZ (April 1, 2026) — A 3,424-square-foot medical office building at 7416 N. La Cholla Blvd. at LaCholla Corporate Center in Northwest Tucson sold for $915,000, or approximately $267 per square foot, in a transaction that positions the property for lease.

CBRE’s David Montijo represented seller JMN Plastics LLC in the sale. The buyers, IC AZ LLC and BKAI LLC, were self-represented.

Located in La Cholla Corporate Center near La Cholla Boulevard and Magee Road, the one-story building is well-suited for medical office use and sits within one of Tucson’s more established northwest office corridors. The area offers convenient access to surrounding residential neighborhoods and regional traffic routes, making it an attractive location for healthcare and professional office users seeking smaller infill space.

The property is now being offered for lease at $27 per square foot, triple net, through Pawan Chabra. That suggests the buyers acquired the asset as an investment property rather than for immediate owner-user occupancy.

The transaction reflects continued interest in smaller medical office assets that appeal to investors and prospective tenants seeking functional, well-located space in established submarkets.

Contact Pawan Chabra at 412.225.5290 for leasing information.

For more information on the sale, contact David Montijo at 520.323.5136.

Correction: This article has been updated to clarify the buyer’s intended use of the property.

TUCSON, AZ (March 31, 2026) —A two-story office building at 1890 E. River Road in Tucson’s Northeast submarket sold March 19 for $5.3 million, or about $326 per square foot, in an owner-user transaction. The 16,257-square-foot property sits on 1.13 acres at the southwest corner of River Road and Campbell Avenue, one of Tucson’s most established office and mixed-use corridors.

The seller was River Campbell LLC of Tucson, managed by Hank Amos. The buyer was 1890 River LLC, care of LBSL Investments LLC and Gose Capital of Tucson, managed by Chris Huizenga and Kristian Gose. Built in 1987, the property is part of Saint Philip’s Plaza / Cambric Corporate Center.

The building was vacant at the time of sale. The buyer plans to occupy half of the upper floor for several businesses, including real estate investment, private lending, and operations tied to F45 Training, which has a studio across the street in St. Philip’s Plaza. The remainder of the building is being offered for lease to real estate-based businesses in suites ranging from 1,000 to 6,000 square feet, along with smaller office spaces of about 100 to 350 square feet.

According to the seller, the exterior had recently been repainted and was in good condition. The site also includes 98 parking spaces, supporting both owner-user occupancy and future multi-tenant leasing.

The property sold at the high end of the price-per-square-foot range for vacant office space, a premium attributed largely to its location. Positioned on a highly visible corner at River Road and Campbell Avenue, the building benefits from a corridor known for its mix of office, retail, restaurant, and residential uses. The sale reflects continued demand for well-located office assets that offer both owner-user functionality and lease-up potential in central infill locations with established surrounding amenities.

Source: RED Comp #12395