All Real Property, Inc. (Jack Westberg, manager) of Camp Verde, AZ bought an outpad at Houghton Town Center for $380,000 for the construction of a Brake Masters store. The exact size of the pad is unknown after easements and other entitlements are still to be made, however other pads have been selling for approximately $18 per square foot at this center.

Brake Masters will be joining Walmart, Discount Tire and Panda Express that opened earlier this year in the new center located at the southwest corner of Old Vail Road and Houghton Road in Southeast Tucson.

The Brake Masters building will be approximately 6,000-square-feet with 8-bays when is completed.

Jim and Ryan Egan of Prime Commercial Real Estate handle the real estate and development for Brake Masters. Ryan Egan told us that they are about to open a Brake Masters in El Paso, TX and another in Sacramento, CA this February. They are also closing on three additional sites in metro Phoenix, which they expect will have one store built before beginning the Houghton Town Center site sometime in 2015.

Brake Masters currently owns 67 corporate stores in the Southwest, and 14 in the Tucson. The Houghton Town Center store will be number 15 in Tucson.

Shannon Murphy of DVI Realty in Tucson represented the seller, Houghton Developers, LLC, an affiliate of Diamond Ventures (Don Diamond) and Jim and Ryan Egan of Prime Commercial Real Estate in Tucson represented the buyer.

In a separate transaction, All Real Property, Inc. also purchased a 1.52 acre lot near the northwest corner of Broadway Blvd and Wilmot Road, across from Wilmot Plaza for $1.3 million ($19.58 PSF) for future construction of a Brake Masters once rezoned. The address is 75 N Wilmot Road.  Wilmot Plaza is located near Park Place Mall and currently under redevelopment by Bourn Companies. Find complete story here: Wilmot Plaza Razed and Renovated

The Wilmot and Broadway site was a former restaurant, razed and sold for land value.

The seller was also an affiliate of Diamond Ventures, Tucson Broadway Office Plaza, LLC and represented by Shannon Murphy of DVI Realty in Tucson and David Montijo and Jayme Fabe with CBRE in Tucson. Jim and Ryan Egan of Prime Commercial Real Estate in Tucson represented the buyer.

To learn more the Egan team can be reached at (520) 512.0020, Murphy should be contacted at (520) 577.0200. Montijo is at (520) 323.5136 while Fabe can be reached at (520) 323.5166.

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[mepr-show rules=”58038″]Sale date of Wilmot Plaza land was 5/9/2014 for $1.3 million in an all cash deal. APN #127-09-012D

Sale date of Houghton Town Center was 5/16/201 for $380,000, all cash and was a 1031 exchange for buyer.[/mepr-show]

Land Specialists, Dan Feig and Aaron Mendenhall with Chapman Lindsey of Tucson predicted the Houghton Corridor “hot spot” for housing last November (See https://realestatedaily-news.com/houghton-corridor-next-hot-spot-tucson-housing/). Fast forward three quarters and those predictions are ringing true. While the Northwest submarket continues to have the most communities and permits pulled, the Southeast has higher producing communities. During Q2 the Northwest had four communities with 10 or more new home starts, the most being 15 starts in Pulte’s La Cholla Vista community. During the same period the Southeast (including East Tucson) had six communities with 10 or more new home starts. Two communities, DR Horton’s Acacia Ridge and KB Home’s Cantabria at Rancho Valencia each had over 20 new home starts.

KB Home is betting heavily on the Southeast submarket as they have three communities in various stages of development there. There are 107 lots nearly finished in Mountain Vail Reserve that should be opening for sales later this summer. KB’s La Cima Esplendora site on Houghton and Escalante with 57 lots should also be completed by late 2014, with development of 68 lots in Santa Rita Ranch II in Corona de Tucson to follow by the end of year.

Both Richmond American and Lennar are also enjoying consistent sales in their Mountain Vail Estates communities. Since opening at the end of last year, Richmond has started 25 homes and Lennar another 18. Further south in Corona de Tucson Richmond enjoyed strong sales as it closed out its Aviara and Oasis Hills communities. Richmond will be opening the new community of Sycamore Canyon and are looking at other opportunities in the area to keep their momentum going in the Southeast.

After a slow start last year, DR Horton’s Acacia Ridge community in Vail has been a top performer this year. Since opening last summer, 55 homes have been built or started, 22 of which were started in Q2, 2014. It has been their top selling community in three of the first six months this year. Their Sycamore Vista community has also been doing well. Since purchasing 50 lots late last year, they have started construction on 32 new homes, including 12 in Q2. It has consistently been one of their top three communities for sales so far this year.

Pulte continues to do well at Sierra Morado. It currently offers four product series within the community and built 19 homes there during Q2. The product and lots were adjusted during the past couple of years as their small courtyard and z-lot configurations proved unpopular. However, their new larger and traditional lots and corresponding new product are selling well. Pulte has another unit of over 400 lots to develop for a long term presence in the area.

Developers also recognize the demand for housing in the Southeast submarket. Santa Rita Ranch III in Corona de Tucson was purchased last year by Petrus Partners/Crown West and received final plat approval for 275 lots during Q2. The owners of Sycamore Vista are also in discussions to sell additional lots in Unit 5. There are several more platted lot communities in the area that are worthy of attention as the demand for homes in Southeast Tucson continues to grow.

To learn more Daniel Feig can be reached at 520-747-4000 x103 and Aaron Mendenhall is at 520-747-4000 x102.

McDonald’s broke ground last week on a new 4,500-square-foot restaurant at Houghton Town Center. The less than one acre retail pad was purchased for $790,000. McDonalds will join Walmart, Discount Tire and Panda Express at the center located at 118 acre regional retail center at the southeast corner of Houghton and Old Vail Roads in the Vail area.

The seller, Houghton Developers is an affiliate of Tucson–based Diamond Ventures (Don Diamond, principal). Shannon Murphy with Diamond Ventures, Alan Tanner with Bourn Advisory Services in Tucson and Ben Craney of NAI Horizon in Tucson represented the seller and Brian Harpel of The Harpel Company represented the buyer.

From the Southeast to the Northwest, McDonald’s paid $775,000 for a second retail pad at Marana Main Street project. About one year after announcing plans to be the first tenant at the 28 acre Marana Main Street project located at Sandario Road near I-10.

The 4,500-square-foot McDonald’s is expected to open this fall under the management of Tucson franchise owners, Vic and Nicole Topper.

The seller was Marana Main Street Development (Chris Monson, director) of Tucson. Brian Harpel of The Harpel Company handled the Marana transaction.

McDonald’s also sold a former restaurant at 7202 E 22nd Street in Tucson to Eyebros, LLC dba Desert Star Mechanical of Tucson (Edmund Irving, Billy Fry, and Paul Carrillo members). The 5,118-square-feet of building (built 1985) on a 36,000-square-feet lot sold for $375,000 ($73 PSF) after McDonald’s moved to a new location at 22^nd and Kolb in Tucson.

The buyer of the former restaurant is an air conditioning and heating contractor that will occupy the property.

Brian Harpel of The Harpel Company represented McDonald’s and David Lee of David Lee Real Estate Company in Tucson represented the buyer.

To learn more Harpel should be reached at 520.721.7999; Murphy can be contacted at 520.577.0200; Tanner is at 520.323.1005 and Craney can be reached at 520.326.2200. David Lee can also be contacted at 520.795.3199.

[mepr-show rules=”58038″]Houghton Town Center pad closed 6/26/2014, APN: 141-18-612. Exact size of pad was not available. Marana Main Street pad closed on 6/16/2014; APN: 217-28-020J. 7202 E 22^nd Street closed on 5/13/2014. APN: 135-08-451. All transactions listed were all cash deals.[/mepr-show]