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Formerly, ‘The Taco Shop’ at 45 W Valencia Road in Tucson’s South submarket is now ‘Marisco’s (Seafood) Fast Food Restaurant’. The 829 sq. ft. building (built 1975) was sold to E. Global Investments of Goodyear (Ernesto Gonzalez) for[mepr-show rules=”58038″]$260,000 ($314 PSF) fully fixturized and includes a drive-thru. The seller was Dream Development Investments of Phoenix (G. Wade Bonine). The sale closed April 19, 2013 with $2,000 down and a seller carry back for the balance.

This transaction is being published from public records and has not been confirmed or verified.

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WCCP Tucson West, LLC (Scott Douglas, manager) an affiliate of West Coast Capital Partners, with offices in Torrance, CA and Scottsdale, in partnership with Philip Skillings, principal of West Commercial, LLC in Tucson, bought the Tucson West office building at 333 East Wetmore Rd for[mepr-show rules=”58038″]$16.4 million, ($113 PSF) from Aslan III 333 East Wetmore, LLC an affiliate of Transwestern Commercial Real Estate Services that managed the building. Built in 1986, the six-story office building tenants include engineering and mining firms such as Jacobs Engineering, PSOMAS Engineering, and Century Link.

The 145,353 sq. ft. building has been ENERGY STAR certified since 2010 with an energy performance score of 93. Following new adjustments through ENERGY STAR in 2011, the property has a performance score of 84, saving the building’s owners an estimated $20,000 in annual energy costs.

According to Scott Douglas, the buyer was attracted to the building “because of its excellent tenant mix and minimal vacancy.” Douglas says he is, “very excited about the building and Tucson,” being originally from Tucson himself, he now lives in Los Angeles and will be coming to Tucson often. The building is in great condition, the only thing Douglas said it could use was, “some minor exterior upgrades.”

Phil Skillings of West Commercial Real Estate Advisors in Tucson will handle leasing of the property.

The Bank of Arizona, Jennifer Pescatore, Senior Vice-President Commercial Real Estate Regional Manager handled financing.

Bill Palmer of Palmer Capital in Sacramento brokered both sides of the deal.

West Coast Capital is a private investment firm and also owns Plaza Palomino at Swan and Fort Lowell in Tucson that is currently undergoing a major renovation that is scheduled for completion next month. West Coast is actively looking for other investment opportunities in Tucson.

Contact Douglas at (310) 698-5320. To reach Skillings, call (520) 326-4500. Pescatore can be contacted at (602) 989-2370, and Palmer is at (916) 446-8272.

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Wholesalers Property Co, LLC an affiliate of WinWholesalers of Dayton, OH, the parent company of locally owned Tucson Winnelson Company (Tony Victorino, President) paid[mepr-show rules=”58038″]$1.17 million cash ($46 PSF) for the industrial building at 2565 N Huachuca Drive in Tucson on 2 acres at Grant Road Industrial Park from Tucson Bradley Group, LLC of Newport Beach, CA (Bryan Bradley, member) in a short sale transaction.

WinWholesale conducts business-to-business wholesale distribution of plumbing and heating supplies for commercial and residential new and remodel projects; it has been in Tucson for 35 years dba Tucson Winnelson. The 25,412 sq. ft. building (built 1977) will be used to consolidate Winnelson’s two current locations at 1057 E Mill Street and 3333 N First Avenue under one roof. Moving date was unknown at this time and dependent on the time for TIs.

Victorino commented, “Business is looking up these days, we have several high profile projects in the works such as One East Broadway and another 170-units in Oro Valley; but price and location were the primary reasons we purchased at this time.” The privately-held company consists of approximately 700 wholesaling locations in 18 states, which WinWholesale is an equity partner.

Rob Glaser and Paul Hooker with Cushman & Wakefield / Picor Commercial Real Estate Services in Tucson represented the seller, while Tim Healy and Bob Delaney of CBRE in Tucson represented the buyer in the transaction.

Modern Court Properties, LLC an affiliate of Reprocessing Products Corp in Tucson, AZ (Michael Honstein, partner) a private company that supplies and manufacturers physicians and surgeons equipment bought the industrial building at 1621 W Modern Court at the Shamrock Center from Tessman, LLC of Tempe (Ron Schuman, manager) for $485,000 or about $76 per sq. ft. on a 27,356 sq. ft lot was built in 2008. The seller was an owner/ user and the buyer occupied the building next door at 1623 W Modern Court prior to the sale. The buyer will use property for business expansion.

Ron Zimmerman of Newmark Grubb Knight Frank in Tucson represented the seller, while Paul Hooker of Cushman & Wakefield / Picor Commercial Real Estate Services represented the buyer.

JTM Investments, LLC of Tucson (Joe Middendorf, principal) bought 601 West Rillito for $160,000 ($39 PSF) in an all-cash transaction from Arizona Pipe Trades Joint Apprenticeship of Phoenix. The buyer is a local investor who purchased the vacant, free-standing building to renovate for lease. The building was built in 1963 on a 9,185 sq. ft. fenced lot.

Middendorf had recently sold a property at 618 W Flores in Tucson. See complete story here: https://arizonadailyindependent.com/2013/03/06/sunwest-mining-supply-growing-acquires-8500-sf-industrial-building/

Mark Biery of Prudential Commercial Real Estate of Tucson handled the Rillito transaction for both buyer and seller.

Victorino can be reached at (520) 624-8547. Glaser is at (520) 546-2707 and Hooker is at (520) 546-2704. To reach Zimmerman call (520) 248-0427. Healy can be contacted at (520) 323-5119 while Delaney is at (520) 323-5171. Honstein is at (520) 888-5550. Middendorf is at (520) 206-9175. Biery should be contacted at (520) 577-8333.

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