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Purcell Properties, LP an affiliate of Purcell Tire and Rubber Company of Potosi, MO (Robert Purcell, CEO and Dan Cape, Treasurer) acquired 4.5 acres at Interstate Business Park for[mepr-show rules=”58038″]$850,000 ($4.35 PSF) in an all-cash deal from Interstate Ajo Investors, LLC (David Lyons, manager) an affiliate with Rio West Development (Walter Hoge). Zoned I-1, the industrial lot is northwest of I-10 and Ajo Way with frontage on both, located across the street from The Bridges retail power center.

Since its inception in 1936, Purcell has been a quality service and product provider and grown to become one of the nation’s largest providers of tires and service for retail, commercial, retread and mining customers.

The new 20,000+ sq. ft truck center will make several new services available. A computerized truck alignment system will be installed that allows alignment of large, commercial truck suspension systems. Further, Purcell Tire will offer annual DOT inspections, as well as an expanded menu of commercial and retail mechanical services, including large truck oil and fluid changes. Expanded warehouse space will also allow Purcell Tire to offer additional sizes and types of tires ranging from small to industrial to the largest off-the-road tires made today from leading tire manufacturers in the industry such as Goodyear, Dunlop, Michelin, Hankook, Titan and Kelly with whom Purcell Tire partners. Additionally, Purcell Tire will offer quality retreading, a road-proven process that allows Purcell’s commercial customers a cost-effective way to manage their fleet and protect the environment.

Purcell’s operations will continue at the other four locations: 1601 E 22nd Street, 1402 S Kolb Road, 1890 W Grant Road, and 210 W Magee Road in Tucson.

Other businesses in Interstate Business Park include Siglar Bryant at 3682 S Wall Street, a wholesale distributor for HVAC&R parts is in a 21,000 sq. ft. facility built in 2008 and Southwest Self-Storage at 1501 E Metric, built in 1997. The park offers 2″ gas lines from Benson Hwy, 8″ water lines and 36″ sewer lines for any industrial user. There is one 2.2 acre vacant lot remaining in the park.

Gary and Randy Emerson of GRE Partners of Tucson handled the sale and are also marketing the last remaining lot at Interstate Business Park.

To reach Walter Hoge, call (520) 318-4233. Dan Cape is at (573) 438-2131. Gary Emerson can be reached at (520) 305-3589 and Randy Emerson at (520) 396-4812.

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In Caddis Haley Estates, D.R. Horton (NYSE: DHI) acquired 16 finished lots for[mepr-show rules=”58038″]$304,000, or $19,000 per finished lot as part of a rolling option for 161 lots, from Caddis Bridge, LLC (Greg Anderson, manager). Caddis Haley is located west of Tucson near Star Valley, close to Casino del Sol. D.R. Horton offers five models there ranging in price from $127,900 to $160,000. Average lot size is 5,128 sq. ft. Dan Feig and Aaron Mendenhall of Chapman Lindsey represented the seller.

In Sahuarita Highlands, D.R. Horton took down an additional 15 lots for $645,000, or $43,000 per finished lot from Red Point Development, Inc. (Daniel Leung, President) as part of a rolling option agreement for 153 total lots. Sahuarita Highlands offers five floor models that range in price from $187,900 to $206,900. Dan Feig of Chapman Lindsey represented the seller.

In a new agreement, D.R. Horton purchased 16 lots in Sonoran Ranch II for $562,000, or $35,125 per finished lot from Son.Land Company (John Agresti, manager). This is the first takedown of 52 lots there. Sonoran Ranch is located west ofTucsonnearStarValleyand offers six models ranging in price from $141,900 to $193,900. The average lot is about 5,000 sq. ft.

D.R. Horton, a Texas based company is one of the largest homebuilding companies in theUnited States, operating in 26 states and 77 metropolitan markets. Homes generally range in size from 1,000 to 4,000 sq. ft. and in price from $100,000 to $600,000. For the year ended September 30, 2012, D.R. Horton closed 18,890 homes nationally with an average price of approximately $223,300.

To contact D.R. Horton’s executive office (817) 390-8200. Dan Feig and Aaron Mendenhall can be reached at (520) 747-4000.

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Pizza Hut franchise owner, Pizza Hut of Arizona, Inc. (Pat McConaughey, President) bought the building it has occupied since 1994 at 1502 West St. Mary’s Road in Tucson for[mepr-show rules=”58038″]$286,400 ($117 PSF) in an all-cash transaction, from Hanna Marital Trust of Irvine, CA, an affiliate of privately-held Hanna Capital Management (Ash Hanna, principal). The property sits on an 18,000 sq. ft. lot, east of St. Mary’s Hospital.

The building was constructed as a 7-Eleven in 1970, and renovated for Pizza Hut in 1994. According to McConaughey, “the decision to buy was not based on current low interest rates, but rather coincided with its lease renewal and the desire to make renovations to the building that were not financially prudent as a tenant.”

Pizza Hut of Arizona operates 16 restaurants in Tucson.

The Pizza Hut franchise first opened in 1959, in Topeka, KS. In 1972, Pizza Hut went public and experienced rapid growth. The company merged with Pepsi in 1977 that bundled all its restaurant holdings and spun them off as Yum! Brands (NYSE:YUM) the parent company of A&W Restaurants, KFC, Long John Silver’s and Taco Bell.

March 1, 2013 – Dunkin Donuts’ franchise owner, RAM Holdings, LLC of Tucson (Walter Thibodeau, manager) bought the retail building at 4676 E Grant Road in Tucson for $610,000 ($297 per sq. ft) from Donald F Averson and Margeret R Arveson Revocable Living Trust of Tucson. The property sits on a 19,375 sq. ft. lot at the southwest corner of Grant and Swan Roads and was constructed in 1979.

Wells Fargo handled the financing for RAM Holdings.

The Dunkin’ Brands (NASDAQ: DNKN) franchise claims almost 120 years of combined franchising experience, with two of the world’s most recognized brands: Dunkin’ Donuts and Baskin-Robbins. Under the Dunkin’ Brands umbrella, both brands share the same vision of conveniently delivering high-quality food and beverages in a welcoming environment, quickly, and at affordable prices.

Dunkin’ Donuts is based in the region of Canton, MA, and was founded in 1950. Dunkin’ Brands achieved a global sales record of $6.58 billion in the year 2012.
There were no brokers involved in either sale.

To reach McConaughey call (520)838-5171 ext. 167. Thibodeau can be contacted at (520) 797-7142. Dunkin’ Brands Corporate Office is at (781) 737-3000. Pizza Hut Corporate can be reached at (800) 948-8488.

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