Sale & Acquisition Finalized For Faith Community Church

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Faith Community Church (Bruce Brock, pastor) sold 23.24 acres of undeveloped land at 2501 W Orange Grove, for[mepr-show rules=”58038″]$2.79 million ($2.75 per foot) to local developer, Alta Vista Communities OG, LLC, an affiliate of Alta Vista Communities, LLC, a joint venture of Karber Holdings (Roger Karber, principal and founder of Aerie Development), Iridus Holdings (G.F. Jaggi) and Brav Holding Company (Garry Brav, President and Founder of BFL Construction) all from Tucson. The developer, plans to build an unknown number of detached rental homes ranging in size from about 640 sq. ft to 1,250 sq. ft.

The Faith Community Eastside Church (Louise Brock, pastor) then bought for $1.45 million ($73 per foot) an industrial property at 8455 E Golf Links Rd. to relocate its eastside church from 2901 S Pantano Road to its new location west of the northwest corner of Pantano Parkway and Golf Links. Prior to the sale, the property was used for GC Brown Development headquarters and A-Family Discount Storage by the seller, all affiliate companies to The Garold C Brown Limited Partnership, (Garold Brown, president) a locally owned business.

The 19,742 sq. ft. property consists of a 4,752 SF single tenant office building (built 1997) and a 15,000 SF detached warehouse (built 2007) on 2.63 acres. The 15,000 sq. ft. steel building has foam insulated ceilings and walls, two roll-up doors 12′x 14′, skylights, 2 ADA bath facilities, electrical service single or triple phase, 200-600 Amps, and a sprinkler system with alarm monitoring. The property has changed its address and is undergoing tax code revisions with the City of Tucson since it sold due to its change in tax status to a religious facility.

Ron Zimmerman of Newmark Grubb Knight Frank of Tucson represented Faith Community Church, Faith Community Eastside Church and Garold C Brown Limited Partnership.

Louise Brock of Faith Community Eastside Church can be contacted at (520) 721-5017. Pastor Bruce Brock can be reached at (520) 575-0094. For more details get in touch with Ron Zimmerman at (520) 248-0427 and Roger Karber at (520) 977-5456.

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Sunwest Mining Supply Growing – Acquires 8,500 SF Industrial Building

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Sunwest Supply, Inc., a Tucson-based company (William Ebert, principal) through its affiliate, 25 W Sahuaro, LLC purchased the vacant 8,500 sq. ft. steel, industrial building at 618 W Flores, for[mepr-show rules=”58038″]$460,000 ($54 per foot) from JTM Investments, LLC (Joe Middendorf, principal). The steel building was constructed in 1972, sits on a 25,885 sq. ft. fenced lot, and is build out as a warehouse with a truck well and a 900 sq. ft. office.

Since 1990, Sunwest has been a manufacturer and full service parts distributor of specialized new and remanufactured components to the mining industry world-wide. Focused on product development and machining, Sunwest currently employs 55 people, and growing. The property was purchased to accommodate its business growth.

Dan and Penny Gebhart of Re/Max Excalibur of Tucson represented the buyer and Tim Burris of Burris Hennessey of Tucson represented the seller.

Dan Gebhart can be reached at (520) 977-7975 and Penny Gebhart is at (520) 977-7982. Tim Burris at Burris Hennessey can be contacted at (520) 882-4343. Call William Ebert of Sunwest at (520) 882-5717 and Joe Middendorf at (520) 206-9175.

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Holiday Inn Express – Tucson Airport Sells For $5.15 Million

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Woori Enterprise, Inc. of Chandler, AZ (Kevin Suk Yoon, director) purchased the Holiday Inn Express Tucson Airport at 2548 E Medina Rd. for[mepr-show rules=”58038″]$5.15 million ($44,000 per room). The seller, Lyon Parks, Inc. (Debbie Miller, VP) of Bloomington, IL acquired the property in 2011 as part of a trustee sale.

The 3-story, 52,294 sq. ft. hotel sits on a 2.65 acre lot, and houses 60 one-bed rooms, 38 double-bed rooms, and 19 suites for a sum total of 117 rooms. Amenities include a 24-hour business center, a health center that was updated in 2009 with new treadmills, stair stepper, bicycle, elliptical cross-trainer, scale and television, and for recreation, there are barbeque grills and an outdoor pool for guests.

Both investor and seller are privately held companies. The property reportedly plans to continue operations as a Holiday Inn Express a brand owned by the InterContinental Hotels Group of Utah (NYSE: IHG) that consists of nine hotel brands in the industry: InterContinental Hotels & Resorts, Crowne Plaza, Hotel Indigo, Holiday Inn Hotels and Resorts, Holiday Inn Express, Even Hotels, Candlewood Suites, Hualuxe Hotel and Resort, and Staybridge Suites. The IC Hotels Group includes more than 3,600 hotels located in nearly 100 countries.

InterContinental Hotels Group can be contacted at (800) 621-0555 and the Holiday Inn Express at Tucson Airport is at (520) 889-6600.

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