1st Quarter Sales

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Manufacturer of Prefab Labs Buys Former Tire Store Property on 43rd Place in Tucson

TUCSON (January 24, 2024) — Kerry and Kim Bergman purchased 3775 E 43rd Place, Tucson, from DBL Systems 2, LLC; the 13,650 SF industrial building on 2.02 acres for $2.1 million ($154 PSF). Built in 1979, the property was most recently used by Southern Tire Mart and Redburn Tire, with two grade level doors and […]

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Net Lease Office Properties Sells Tucson Office Asset and 3 Other Buildings for $43.1M

TUCSON, AZ (January 19, 2024) — Net Lease Office Properties (NYSE: NLOP) announced the sale of four office assets across three states for approximately $43.1 million. The properties included a 143,650-square-foot building at 3350 E Hemisphere Loop in Tucson, Ariz., for $24.575 million ($171 PSF) leased to Raytheon Corp. plus 5.78 acres of excess land.

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Joint Venture between Altera and Virtus Acquires Tucson Medical Outpatient Portfolio for $43.23M

TUCSON, AZ (January 17, 2024) – Newmark announced the joint venture equity placement to acquire a four-property medical outpatient portfolio in Tucson from Healthcare Trust of America for $43.23 million ($201 PSF). Newmark was engaged by Dallas-based Altera Fund Advisors, which acquired the portfolio through a newly formed joint venture with Austin-based Virtus Real Estate

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