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Arizona Auto Spa is a Tucson-based company founded in 2008. Through its extensive research, it is proud to be the first to bring the latest in cost-saving, automated car wash technology to Tucson.

The company currently owns and operates three other locations using this technology: 3150 E Grant Road at Country Club & Grant, 1435 W River Rd at River & La Cholla Blvd. and 6301 E 22nd Street at Wilmot and 22nd Street. A fourth location owned by the company was purchased operational and is a different type of car wash.

Its latest acquisition at 5075 S Midvale Park Road in Tucson is 1.33 acres of vacant land, located at the southeast corner of Midvale Park and Irvington, next to a Dollar General store. This site will be used to construct its fifth Auto Spa location in Tucson. The property was bank owned by City Bank of Texas when it sold[mepr-show rules=”58038″]in an REO sale for $375,000 ($6.50 PSF) to Doover Management, LLC of Tucson. After 9-months in escrow, the property was successfully rezoned from C-1 to C-2 for this specific auto-use.

In a subsequent in-house transaction, the property transferred from Doover Management to SNS Investments of Ackron, OH for $452,000 as a joint venture.

We were told the new Auto Spa at Midvale Park and Irvington would be similar to the one at 22nd and Wilmot, which is a 3,840 sq. ft. building, built in 2010, on approximately 1.3 acres.

The company is always hiring. Applications can be found on its website at: https://www.arizonaautospa.com/employment/

Rob Tomlinson, Retail Specialist with Cushman & Wakefield / Picor Commercial Real Estate Services in Tucson represented the bank in these transactions. The buyer was self-represented.

Tomlinson can be reached at (520) 546-2757.[/mepr-show]

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[ismember] The REO sale from City Bank of Texas to Doover Management sold on 4/30/203 for $375,000 in document #2013-1200920. It was this transaction that was in escrow for 9 months for rezoning. In a subsequent document #2013-1700750, Doover transferred property to SNS Investments of Ackron, OH for $452,000 on 6/19/2013 in an all cash transaction. Nathan Lawson (520) 247-4868, representing Arizona Auto Spa, asked not to use his name in the story.[/ismember]

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Since third quarter 2012, investors nationally have continued to exhibit a strong appetite for multifamily properties, a fact borne out by the sales in Pima County for the first half 2013. From duplexes to larger $26 million complexes, it seems that investors are preferring Class-B and -C multifamily properties over other commercial real estate here, and with cap rates ranging from 6% – 8%, what’s not to like? These are the final two multifamily sales closing in Q2, links to other significant apartment sales that occurred in Q2 can be found at the bottom of this article

Country Club Court at 2152 – 2156 N Country Club Road in Central Tucson sold for

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$815,000 ($32,600 per unit). The 25 units were all two-bedrooms / one-bath in six buildings totaling 18,312 sq. ft. (built 1958) of masonry construction on a 1.7 acre lot in the Palo Verde Neighborhood. Amenities included A/C, fenced yards, covered parking, coin operated laundry, a large courtyard and swimming pool. Units were individually metered for utilities. Property has a walk score of 78 and a bike score of 86.

The seller, 2175 Country Club Ave, LLC of Tucson (Rex Verne Casey, managing member) financed with a seller carry back and 20% down.

Lance Parsons of Re/Max Catalina Foothills Realty in Tucson represented the seller. Billy Mordka of Harvey Mordka Realty represented the investor.

In another unrelated transaction. A 15-unit special use multifamily facility at 3701-3709 E 3rd Street in Central Tucson sold in a double escrow. In prior document, Pinnacle Realty Investors, LLC of Tucson (Jarrett Reidhead, Manager) purchased the property for $300,000 ($20,000 per unit) from Tucson Centers for Women & Children, run by the Gospel Rescue Mission of Tucson. In a subsequent transaction the following day, the property was sold to Rio Verde Ventures, Inc. of Tucson (Jeffrey Katz, Manager) for $350,000 ($23,333 per unit).

The property consists of eight buildings totaling 10,198 sq. ft. (built effectively in 1958) on .87 acres. It had seven casitas and a 5,268 sq. ft. motel style building with a shared kitchen designed for the

seller that occupied it as a non-profit for temporary accommodations for women and children in need.

The property was vacant when it sold and will be renovated by the local investor for lease and / or resale.

Both Reidhead and Katz are real estate brokers and represented themselves in the transaction.

Parsons should be contacted at (520) 749-6000. Mordka can be contacted at (520) 298-8500.  Reidhead can be reached at (520) 331-8050. Katz can be contacted at (520) 745-4646.

Additional multifamily sales for 2Q:

Mission Palms sells for $25.65 Million

Buying Copper View Video Documented

Vista Catalina Apartments Sell For Repositioning

Smaller Multifamily in Central Submarket for Quarter

Smaller Multifamily in Other Submarkets

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[ismember] 2152 N Country Club was on the market approximately 4 months, at a list price of $875,000 and a 30-day close. The property was reported selling at about an 8% cap rate and with 2 vacancies at time of sale.
First transaction at 3701-3709 E 3rd St. dated 6/11/2013 recorded in document #20131620473 sold for $300,000. The subsequent document dated 6/12/2013 recorded in document #20131630404 and sold for $350,000.[/ismember]

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Zano Auto Sales through its affiliate, 3C Investments, LLC of Sahuarita (Edward Campuzano,  principal) bought the property at 2009 S Alvernon Way for[mepr-show rules=”58038″]$145,000 ($60 PSF) for the 2,411 sq. ft. building (built 1976) on a 10,170 sq. ft. lot. The property was formerly leased to Golf Cars of Arizona until the fall of 2012 when it closed the location to replaced it with a new facility at 4888 E 22nd Street in Tucson.

The story on Golf Cars of Arizona’s expansion move was reported on April 9, 2013, click here for full story  https://realestatedaily-news.com/?s=Golf+cars

Zanos Auto Sales has occupied 2005 S Alvernon Way, at the hard corner of 29th Street and Alvernon Way, since December, 2005 when it was purchased by Edward Campuzano. With this new acquisition, he has assembled just under one acre at this prime southeast corner. The two buildings have  been freshly painted to match and the new building has a grade level door and additional office space being used by the sales staff.

There were no brokers involved in the sale. The seller was The Wilfred & Avis Whetten Trust of Phoenix.

[/mepr-show]Campuzano can be reached at (520) 277-3133 or at www.ZanoCars.com

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[ismember] On 12/13/2005, the buyer paid $500,000 ($246 PSF) for the 2,30 SF  building (built 1969) on 30,598 SF (.70 acre) at 2005 S Alvernon. On 4/30/2013 this second building was purchased on an additional 10,170 SF lot. Combined the property has 4,411 SF improvements on .94 acres at the southeast corner of 29th St & Alvernon.[/ismember]