Hunter Woodworks, an investor out of Huntington Beach, CA purchased the Walgreens at 1880 E Irvington in Tucson for $6.1 million ($421 PSF). The 14,490-square-foot property was constructed in 2001 for Walgreens and is located on 1.7 acres at the Southwest corner of Campbell and Irvington.

The property sold with an absolute triple net lease with tenant responsible for roof and structure. Walgreens store #6766, is a high volume store reporting sales in excess $14 million annually.

The single tenant has a 75-year lease on property with 14 years remaining on the initial 25-year term.

It was remodeled to new prototype exterior standards in 2013.

The seller was SDLDH, LLC of Surfside, CA (Richard Landess, manager).

We were unable to determine whether or not there was representation in this transaction.

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[mepr-show rules=”58038″]Sale date: $6.1 million. Al cash transaction. APN: 140-16-001B. The property was marketed at a 5.7% cap rate without an asking sale price.[/mepr-show]

The Land Advisors Organization specializing in land brokerage, with an exclusive focus on land-related assets reported the following transactions with an aggregate of more than $17.5 million for the month of March.

POMEGRANATE FARMS | Marana, Arizona for full story https://realestatedaily-news.com/?p=9138
Offering: 580 acres
Location: South of Ryan Field and State Highway 86 (Ajo Way), Marana, Arizona
Sales Price: $4,200,000
Seller: IMH Special Asset NT 140
Buyer: Pomerol Land II
Agents: Will White, Greg Vogel

WALDRON FARMS AT SOUTH MOUNTAIN | Phoenix, Arizona
Offering: ±43.5 acres
Location: S/SEC Southern Avenue and 24th Street, Phoenix, Arizona
Sales Price: $4,065,500
Seller: Waldron’s Heard Farms et al
Buyer: WWK Waldron
Agents: Greg Vogel, Waseem Hamadeh, Bret Rinehart, Ryan Semro, Ben Heglie

COSMOPOLITAN TOWERS | Downtown Phoenix, Arizona
Offering: 0.80 acres
Location: NEC of Third Street and Pierce Street, Phoenix, Arizona
Sales Price: $1,775,000
Seller: Third & Pierce, LLC
Buyer: Cachet Real Capital
Agents: Randy Titzck, Chad Russell

PEREGRINE ESTATES | Nampa, Idaho
Offering: 144.41 acres
Location: North of Orchard, east of Lake in Nampa, Idaho
Sales Price: Not Disclosed
Seller: Ray Montierth
Buyer: 1099, LLC
Agent: Tyler Johnson

15.67 COMMERCIAL ACRES | Chandler, Arizona
Offering: 15.67 acres
Location: NWC of Gilbert Road and Ocotillo Road, Chandler, Arizona
Sales Price: $3,650,000
Seller: Eastbourne Gilbert
Buyer: Jen Arizona 18, LLC
Agent: Randy Titzck, Chad Russell, Ryan Semro, Bret Rinehart, Ben Heglie

640 ACRES | Eloy, Arizona
Offering: 640 acres
Location: SEC Sunshine Blvd & Curtis Road, Eloy, Arizona
Sales Price: $2,250,000
Seller: WIS Partners, GT Cavaliers
Buyer: Don Donley
Agent: Kirk McCarville, Michele Pino

LAUREL LAKES | Venice, Florida
Offering: 161.27 acres
Location: East of Interstate 75 located on the south side of Laurel Road between Border Road, east of Knights Trail Road in Venice, Sarasota County, Florida
Sales Price: $1,600,000
Seller: Laurel Lakes Venice, LLC
Buyer: Neal Communities
Agent: Mike Ripley, Steve Ruoff, Steve Flanagan

The Land Advisors Organization has offices located in Arizona, California, Idaho, Nevada, New Mexico, Florida, Utah and Texas.

RB Las Vegas Land Ventures 3, LLC of Scottsdale an affiliate of Randall Martin (Randy Bury, president) purchased 23.5 acres of mixed-use land in Rancho Marana within the master planned community of Sanders Grove in Marana for $1.05 million ($44,680 per acre). The master-planned residential community is located at Marana Road west of Interstate 10 in Marana, and is slated for 2,500 single family homes.

The mixed-use property in Rancho Marana is within the 830 acres of Sanders Grove that is mostly jointly owned by Bury and his partners Will Cardon purchased three years ago. The partnership acquired the Sanders Grove development land in Marana, AZ for $6.25 million in two separate transactions. Red Point Development Inc. sold approximately 611 acres for $4.75 million, while Levine Investments sold approximately 205 acres for $1.5 million. The buyers were RB Land LLC, The Cardon Group, and SoundView Real Estate Partners.

Will White of Land Advisors Organization represented the buyer in all these transactions while Dan Feig and Aaron Mendenhall of Chapman Lindsey Commercial Real Estate Services represented the seller, Red Point Development Inc. in the sale of the 611 acres.

Bury told us, “It made sense to purchase the additional acreage within Sanders Grove. It is an ideal location for a shopping center for the community or the land can be used for residential building. When we learned Meritage was also looking to sell the three commercial corners, we knew it would be a good investment.”

The seller was Meritage Homes of Arizona Inc. and First American Title Insurance Trust #9254 and #9106 of Tucson. 17.5 acres of the 23.5 acres are located within the Sanders Grove master plan, which includes the 2,500 lots that Meritage is developing. The remaining six acres consists of three two-acre commercial corners adjacent to the Meritage master plan community in Rancho Marana, located near Tangerine Farms and Clark Farms Boulevard in Marana.

Based in Scottsdale, Arizona, Randall Martin is a real estate investment firm that specializes in purchasing raw land for development and sale in the southwest. The company also provides advisory services to real estate investors and developers seeking assistance in asset management and entitlement.

For more information about Randall Martin’s real estate investment opportunities and services, contact Randy Bury at (480) 993-7690 or visit www.randallmartin.com. Will White of Land Advisors Organization who represented the buyer, can be reached at (520) 514.7454.

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[mepr-show rules=”58038″]Sale date: 3/28/2014. Cash deal. APNs: 217-24-001P and 001N;  217-43-183, 184, 185. 30-day close.[/mepr-show]