Haouala Real Estate Holdings, LLC (Ben Haouala, manager) purchased the medical office condominium at 6624 E Carondelet Drive in Tucson. The 1,362-square-foot office was a fully improved medical office condominium with 5 exam rooms, lab, x-ray, physician office, business office, reception, restroom, covered parking.

Located across from St. Joseph’ s Hospital it sold for $76,000 ($56 PSF). The seller, David A Englesberg was represented by Doug Richardson of Tucson Realty & Trust.

Jim Briggs of Cornerstone Realty in Tucson represented the buyer in the transaction.

In an unrelated sale, Vault Retirement Strategies, LLC (Frank & Susan Moore-Vault, members) purchased the property located at 6711 E Camino Principal, consisting of approximately a 1,424-square-foot office for $187,000 ($131 PSF). Located at the entrance to Tucson Country Club, this is most convenient to numerous restaurants and services along Tanque Verde Row.

The office layout has 5 offices, a break room and an inviting reception area and numerous high end built-in desks, wall units and cabinets. A single story garden office with parking at the front door.

Doug Richardson of Tucson Realty & Trust represented the buyer and Allan Moore of Chapman Lindsey represented the seller, La Plata Norte, LLC (Robert Caylor) in the transaction.

Richardson can be reached at (520) 577-7000 and Briggs is at (520) 320-9990. Moore can be contacted at (520) 320-9990 for additional information.

Wash Depot Holdings, Inc. of Malden, MA, dba Simoniz Car Wash, sold its final car wash location in Tucson to National Retail Properties, LP of Orlando, FL. Simoniz car washes has completed a portfolio sale of 30 locations. Twenty of these were sold within one month of coming on the market in AZ, TN, TX, GA, MN, MO, IA, IL and FL. Prior to putting the 30 car washes on the market, Simoniz had 80 locations across the U.S.

The sale price for this site was $1.25 million ($419 PSF) plus approximatley $1.25 million more for the business and equipment.

The Simoniz Car Wash location at 3101 E Speedway Blvd. in Tucson was purchased by National Retail Properties and will leased to Car Wash Partners dba Mister Car Wash for undisclosed lease rate and terms. This is the company’s eighth location in Tucson.

Mister Car Wash and Mister Express Lube Centers are owned by Car Wash Partners’ (“CWP”) companies (Ron Peterson, chairman), and also do business under the brand of Mister HotShine.

Mister Car Wash had earlier purchased the two Simoniz sites at 4941 N Oracle Road and 2409 N Kolb Road in Tucson for $2.832 million. More information on these prior sales can be found here.

Vinny Carfora with Car Wash King of Florida, a licensed real estate broker in 38 states specializing in car wash sales handled the transactions for both buyer and seller.

Carfora told us he uses an EBITDA method, an acronym for earnings before interest, taxes, depreciation and amortization for calculating value to these car wash listings. According to Carfora, he has many more buyers waiting than sellers in today’s market.

Carfora should be contacted at (954) 540-3330 for more information or visit www.carwashking.com

Hercules Capital, parent company of Denver-based Hercules Industries bought the 31,682-square-foot industrial building (built 1972) at 3195 E 36^th Street in Tucson for $1.7 million ($53 PSF) with 2.6 acres northeast of Country Club and 36^th Street. Hercules will be expanding when it relocates from its current 8,000-square-foot location at 503 W Rillito Street in Tucson.

Hercules Industries, a manufacturer and wholesale distributor of high-quality HVAC sheet metal products and equipment, was founded in Denver in 1962 by William E. Newland, Hercules Industries is now one of the largest companies of its type in the Western and Midwestern United States. It operates four manufacturing facilities and thirteen sales and distribution centers in Denver, Colorado Springs, Fort Collins, Grand Junction, Pueblo, Durango, Salt Lake City, Albuquerque, Roswell, Tempe, Phoenix and Tucson.

The company is owned and managed by 3^rd generation members of the Newland family, with the same dedication to excellence that has been the foundation of success for over five decades.  According to Andy Newland, “We nurture and maintain the culture of a family owned business in which our employees grow financially, intellectually, emotionally and spiritually.”

Hercules was represented in the transaction by Chad Ackerley with CPI of Phoenix who commented, “Increasing the footprint four times its current size, indicates the future growth Hercules sees for the Tucson construction industry.”

The seller, Horizon Relocation Services, an affiliate of Horizon Moving Systems, an Arizona-based moving company was recently acquired by Suddath Relocation Systems, headquartered in Jacksonville, Florida. Horizon Moving Systems had been a family-owned business in Tucson for 90 years, with the Dusenberry family as owner / operators for three generations before selling to Suddath.

Steve Cohen of Cushman & Wakefield | Picor represented Horizon in the transaction commented, “It is interesting that both seller and buyer are third generation family-owned businesses; Hercules from Denver and Horizon from Tucson.”

Cohen can be reached at (520) 546-2750. Ackerley can be contacted at (480) 889-2570.

[mepr-show rules=”58038″]Sale date: 2/14/2014. Exact sale price: $1,690,000. Buyer paid $410,000 down. APN: 132-04-05F & 005H. OFFICE SPACE: 1,100 SF; LOT SIZE: 2.58 Acres; CEILING HEIGHT: 18 – 24 ft; CONSTRUCTION: Concrete Tilt-Up; ZONING: I-1 (Light Industrial); LOADING: Dock, Grade and Step Height; HVAC: A/ C Office, Evap Warehouse; AGE: 1972[/mepr-show]