NORTHEAST SUBMARKET
BreezeWays, Inc. of Tucson (Phillip English, president/CEO) purchased the 3,840 sq. ft. and finished mezzanine for a total of 4,542 sq. ft. at 500 East 25th Street in Tucson for $160,000 ($35 PSF). The property is air conditioned in the offices and evap. cooled in the warehouse with also a gas furnace. 12’x14’ roll up door in rear and 16’ ceiling, the building is a block construction industrial condo (built 1984) with a small approximately 2,500 sq. ft. fenced yard on 7,200 sq. ft. lot.

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[mepr-show rules=”58038″] Property is zoned I-1 and will be owner occupied by buyer. BreezeWays Air Conditioning and Heating was founded in 1994 providing professional duct cleaning and air filtration for the best possible indoor air quality. In order to give clients the clean air and comfortable temperatures they wanted in their homes, they expand into the heating and cooling business, in 1996 became a licensed HVAC company.

Mark Hays with Tierra Antigua in Tucson handled the transaction for buyer and seller, Kelsey A Caples of Tucson. Hays can be reached for more information at (520) 444-5401.

CENTRAL SUBMARKET
VW4, LLC of Tucson (Randy Walker, member) bought the new building at 4904 N Shamrock Place in Tucson to owner occupy for automotive use. The new construction (built 2013) by the seller, Starburst Properties, and affiliate of Halbert Bros, Inc. of Tucson (Cliff Halbert, president) built the 6,498 sq. ft. spec building on 21,840 sq. ft. lot in the Shamrock Center, zoned MU, was purchased in March 2013. The sale price s $600,000 ($92 PSF). Halbert can be contacted at (520) 444-9170.

CENTRAL SUBMARKET
Desert Property, LLC of Tucson (Lee Hapa, managing member) paid $445,000 ($51 PSF) for the 8,750 sq. ft. building at 7291 S Comstock Place in Tucson. Built in 1998, on a 44,102 sq. ft. lot, zoned CI-1.

Chuck Blacher of Tucson Realty & Trust Company in Tucson represented the seller, Veni Vidi Vici, LLC of Tucson (Robert & Lynnae Fritz, members). While Glen Patching of Tucson Commercial Management, Inc. represented the buyer. Blacher should be reached at (520) 577-7000 and Patching is at (520) 326-3777.

SOUTH SUBMARKET
HAC Rentals acquired the property at 5318-5326 S Old Nogales Hwy in Tucson for $135,000 ($45 PSF). The 3,000 sq. ft. warehouse is of metal construction (built 1986) with a fenced yard on an 11,073 sq. ft. lot, zoned C-2. The seller Overland Cable Services, Inc. of Tucson was no longer in business and had vacated the property when it sold.

Mike Ebert of Trident Commercial Real Estate Company in Tucson represented the seller. David Gallaher of Tucson Industrial Realty represented the buyer. Ebert should be reached (520) 320-9311 and Gallaher can be contacted at (520) 294-1610.

SOUTH SUBMARKET

Big Boy Ice Cream, LLC of Phoenix (Jose D. Morales, manager) bought the 6,050 sq. ft. building formerly occupied by the seller, Excel Ice Cream, LLC of Phoenix (James Murdick, president) for $250,000 ($41 PSF) at 750 East Evans Blvd. in Tucson. The property consists of two buildings built 1966 and 2005 on a 64,000 sq. ft. lot in the Solomon Industrial Park. Property is zoned I-1.

SOUTH SUBMARKET
International Association of Machinists and Aerospace Workers Old Pueblo Lodge 933 bought the property at 1991 E Ajo Way, Unit 22, in Tucson for $257,500 ($112 PSF). The industrial condo is 2,299 sq. ft. (built 2007). Property is zoned I-1.

Ron Zimmerman of Cushman & Wakefield | Picor handled the transaction for buyer and seller, Bank of Oklahoma of Tulsa, OK. Zimmerman can be contacted for more information at (520) 546-2755.

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The mobile home park at 6181 South Randall Blvd in Tucson sold to AJI Holdings (Aaron and Jennifer Reichman) of Chandler for $995,000 ($22,000 per space). The park has 44 mobile home spaces and 1 apartment (built 1962) on approximately 4.13 acres.

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[mepr-show rules=”58038″] The sellers, David Gauley and Marsha Teaford of Irvine California had owned the property for 34 years and were retiring from the business.

It is a clean community, rated 2-1/2 stars. The streets were recently paved. Each space has a concrete patio and there is a laundry facility (washers and dryers) on-site with clothes drying racks provided. Located at the northeast corner of Bilby Road and Randall Blvd. the park can accept up to 12 ft. wide by 60 ft. long, single-wide mobile homes.  Space rentals start at $275 with $15 sewage and $9 trash fee ($299 per month). Pets are welcome.

Tom Hoch of Park Properties & Investment in Tucson handle the transaction for seller and investor.

For more information, Hoch can be reached at (520) 797-4376.

Sale date was 9/26/2013. Buyer purchased with $250,000 down and a seller carryback for the balance. Cap rate was estimated at 14% at time of sale with property estimated to be 20% vacant at time of sale. [/mepr-show]

TRP Twin Peaks, LLC of Tucson (Pierce Goodman, managing member) purchased approximately 3.25 net acres at the southeast corner of Tangerine Road and Twin Peaks Blvd. in Marana for $375,000 ($2.65 PSF) The buyer is a local investment group speculating to develop a convenience store and gas station at this corner, but are in pre-approval phase for the project near the Twin Peaks interchange.

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[mepr-show rules=”58038″] The opening of the Twin Peaks interchange marked the completion of an $84 million project more than 20 years in the making. The project was constructed to help relieve traffic congestion in the Town of Marana and the northwestern area of metropolitan Tucson. The new Twin Peaks Interchange is located on Interstate 10 (I-10) at exit 245 between the Avra Valley Road and Cortaro Road interchanges.

The proposed gas station site is at the southeast corner the new Twin Peaks Blvd and Tangerine connecting Dove Mountain and northeastern Marana with the Continental Ranch area. This 3.9 mile roadway was constructed in 2010 and includes 7-foot wide multi-use lanes, a 10-foot wide shared-use path, and 5-foot sidewalks. Natural undisturbed open space and pristine desert is plentiful along this beautiful stretch of roadway. It is easily accessible from both Continental Ranch via the Twin Peaks Interchange as well as from Tangerine Road. The new roadway ties directly into Dove Mountain Boulevard which provides approximately an additional 5 miles of paved shoulder north of Tangerine to the Ritz Carlton, Dove Mountain. West of Interstate 10, North Twin Peaks Road continues as Twin Peaks Road and ties into bike lanes on Silverbell Road, which meanders through the Continental Ranch development. Cyclists can continue on through the City of Tucson for a longer ride.

Brenna Lacy of the Volk Company in Tucson represented the seller, GLP Kansas City, LLC of Scottsdale (Judy Johnson, managing member) and John Buette of Buette De Rousse Commercial Real Estate Properties of Tucson represented the investment group. Buette is currently negotiating with gas stations and convenience stores for the site.

Lacey can be reached at (520) 326-3200 and Buette should be contacted at (520) 797-4406 for more information.

Sale date: 8/30/2013. Sale price: $375,000 all cash deal. 3.44 gross acreage per assessor, 3.25 acre per buyer. [/mepr-show]