This article has been archived, please login for access or subscribe now for a free trial.

Riley’s Irish Tavern
Riley’s Irish Tavern at 5140 N La Cholla Blvd in Tucson sold to its tenant, Joseph Macuszonok and Diane Riley of Tucson for[mepr-show rules=”58038″]$390,000 ($108 PSF). The seller, NITA Ruth’s, LLC of Tucson (Neill Freeman III) was unable to be reached. The buyers will continue to occupy it as an owner user dba Riley’s Irish Tavern.

Riley’s is on a 1.44 acre lot offers a European road house type atmosphere complete with horseshoe pits. The new owners operated the business as tenants prior to the sale. The property has been a restaurant / tavern for a very long time. We were unable to determine, the length of time the buyers operated it as tenants.

To contact Riley’s Irish Tavern, call (520) 408-0507.

Marana Feed Supply
Marana Feed Supply at 9643 N Casa Grande Highway in Marana, in the Northwest submarket of Tucson sold to its tenant, Alphonse and Teressa Chicago of Marana for $250,000 ($177 PSF). The seller was the Jimmy and Linda Galyan Family Trust. The business had been owned and operated by the buyer prior to sale and will continue to be occupied dba Marana Feed Supply.

The 1,410 sq. ft. metal building is on a 1.02 acre fenced lot with outside structures and located on the west side of Casa Grande Hwy north of Linda Vista.

Marana Feed Supply is at (520) 744-6147.

Login for more information.

5140 N La Cholla Blvd – Sale date was 5/13/2013 with $40,000 down.
9643 N Casa Grande Hwy – Sale date was 4/5/2013 with zero down.[/mepr-show]

This article has been archived, please login for access or subscribe now for a free trial.

Tucson-based, Internet service provider DakotaCom.Net (Bill Bosmeny, manager) through an affiliate, AZ Central Point East, LLC, purchased the building at 4003 E Speedway Blvd in Tucson for[mepr-show rules=”58038″]$1.55 million ($108 PSF). The 14,400 sq. ft. building was built in 1986 on 1.2 acres where DakotaCom.Net occupied a portion along with two other tenants for several years.

DakotaCom.Net was founded in 1995 and merged in 2005 with ultraSW.com. Bosmeny has since owned and managed the union of the two companies. Bosmeny, a Tucson resident since 1983, founded ultraSW.com as a local Internet provider in 1999, to provide quality Internet solutions at reasonable prices. The acquisition of DakotaPro.biz in 1995 furthered Bill’s passion to reshape the Internet business here in Southern Arizona. Bosmeny says, “We need to delight our customers every day with the speed and quality of our service, all while never losing our human touch.”

The Bank of Tucson and the Small Business Administration financed the purchase. Michael Sandahl, Senior Vice President of Investment Properties at CBRE in Tucson, represented Atrium Center #1, LP an affiliate of Anthem Equity Group, (Rodger Ford, manager) the seller.

The Anthem Equity Group can be reached at (520) 886-1226. Bosmeny at DakotaCom.net is at (520) 745-3900. Sandahl with CBRE should be contacted at (520) 323-5115.[/mepr-show]

This article has been archived, please login for access or subscribe now for a free trial.

El Molinito of Tucson (Wayne & Margaret Hallquist) purchased the former Chicago-style pizza parlor at 10180 N Oracle Road in Oro Valley for $1.25 million ($171 PSF). This will be its fourth restaurant location in the area. The 7,295 sq. ft. restaurant (built 2001) on 1.38 acres sold fully fixturized in an REO sale from Silver Point Capital’s affiliate SPCP Group IV, LLC.

The restaurant was most recently a Uno Chicago Grill franchise (2007) and later re-branded to the Loop Taste of Chicago. In 2007, the property was sold for[mepr-show rules=”58038″]$3.2 million.

El Molinito has been serving the Tucson Area for over 35 years and features a menu full of authentic Mexican dishes prepared fresh that is characteristic of their high standards and success.  The conversion from pizza to Mexican food is currently with an architect for review and opening date will depend on the extent of renovation and licensing process. Hallquist anticipates a grand opening to be towards the end of summer and will be hiring approximately 40 new employees for this spot.

As in their other locations, they serve breakfast, lunch and dinner with a big menu. They will have a full bar with indoor and outdoor seating that takes advantage of the views of Pusch View Ridge. The restaurant is also known for their catering and have banquet facilities that include delivery and setup for celebrations at home, or elsewhere. They current locations are open Sunday-Saturday, 10:00 A.M.- 10:00 P.M.

El Molinito’s three other locations are at 5380 E 22nd Street in Tucson, 2323 N Pantano Road, Tucson and at 3675 W Ina Road in Marana.

JP Morgan Chase Bank handled financing for the sale.

Greg Furrier, Rob Tomlinson and Aaron LaPrise, Retail Specialists with Cushman & Wakefield / Picor Commercial Real Estate Services of Tucson, handled the transaction.

We caught up with Hallquist at El Molinito on Ina Road (520) 744-1188. Silver Point Capital is at (203) 542-4200. Furrier, Tomlinson and LaPrise with C&W / Picor can be reached at (520) 748-7100.[/mepr-show]