VMB Cortaro LLC bought the newly constructed 2,350-square-foot building and 25,819- square-feet of land occupied by Dunkin Donuts at 8002 North Cortaro Road, also known as a portion of Lot 13 of Continental Ranch Retail Center. The purchase price was $1,250,000 ($532 PSF).

The seller was CPG Cortaro Retail (James Aaron Klusman, member) of Chandler, AZ. Rick Borane of Volk Company in Tucson handled the investment sale for both buyer and seller and represented the seller when they purchased the pad for construction.

See https://realestatedaily-news.com/new-apartments-dunkin-donuts-coming-continental-ranch/ for information on this land sale.

To learn more Borane can be contacted at (520) 326-3200.

Tucson-based Diamondback Police Supply Co., Inc. (Douglas Mackinlay, member) has purchased the former Chicago Music Store for $780,000 ($60 PSF) from 3FRP, LLC (Fred Farsjo, manager) of Tucson. Located at the southwest corner of Broadway and Kolb in the Gaslight Theater shopping center near Diamondback’s current location at 170 S Kolb Rd in Tucson.

The 13,000-square-foot building (built 1970) at 7030 E Broadway Blvd in Tucson has downstairs retail space of 6,500-square-feet and executive suites upstairs ranging from 445-square-feet to the entire 6,500-square-feet, with a balcony facing north.

Diamondback is a full line retail shooting sports store specializing in law enforcement and tactical equipment.  They offer a wide selection of products from major manufacturers including Sigarms, Glock, Remington, Smith & Wesson, Stag Arms, Bushmaster, Mossberg, Federal Ctg., Benchmade, Surefire, Streamlight, Blackhawk, Safariland, Bianchi, and Michaels and the widest selection of holsters and flashlights in Tucson.  They also carry cleaning equipment, knives, gun safes, targets, eye and hearing protection, and a complete inventory of AR-15 parts and accessories.

Aaron LaPrise, Commercial Specialist with Cushman & Wakefield | Picor in Tucson represented the buyer in the transaction. The seller was self-represented.

Diamondback is under construction for TIs and the new location is expected to be ready to move-in by October 1, 2014.

To learn more LaPrise can be contacted at (520) 546-2770. Diamondback should be reached at (520) 886-8338

[mepr-show rules=”58038″]Sale date: 7/25/2014. Sale price: $780,000 with $60,000 down and new conventional financing. Assessor’s office shows SF as 12,831 SF, broker reported each floor as 6,500 SF. The building was also for lease at $9.95/SF/year, modified gross when it sold. The seller was 3FRP, LLC and the buyer DMAC Investments, LLC [/mepr-show]

Mattamy Homes closed on an additional 92 gross / 61 net acres of pre-platted land at the northeast corner of Moore Road and Rancho Vistoso in Oro Valley this week for $8.7 million ($43,500 per lot), the largest residential land sale of its type for the year. This second acquisition brings Mattamy’s holdings in Vistoso to $13.6 million ($45,333 per lot) for approximately 300 potential lots.

The homebuilder is working on preliminary platting of the site however lot sizes are still to be determined.

Ryan Huffman, Vice President of Land Acquisitions and Development describes Mattamy as a ‘move-up’ segment 2 – 3 homebuilder. Mattamy does not want Tucson to be a satellite office of Phoenix and has placed Josh Robertson in the new position of Tucson Division President to oversee its activities in Tucson.

Huffman said in an earlier interview, “We recognize the uniqueness of Tucson; and looked for someone who will show our lasting commitment and intentions for rapid growth in the community.”

As we reported back in June, Mattamy Homes is Canada’s largest new home builder, with operations across Canada and the United States. From a humble beginning in 1978, Peter Gilgan, its founder named the company after his two children Matt and Amy. Mattamy has gone on to build more than 60,000 homes in 150 integrated communities, and counting. In Canada, those communities stretch across the Greater Toronto Area (Canada’s largest metro area), where the company holds 50% of the market, as well as in Ottawa and Calgary. In the United States, the company is currently represented in Minneapolis, Charlotte, Phoenix, Jacksonville and Orlando is recently added Tucson, and in a big way.

The builder has been in Phoenix since 2007. Mattamy is also constructing 172 SFRs in Dove Mountain. Thee Dove Mountain lots at Golden Barrel are already entitled so should be ready to build before the Rancho Vistoso property, in early as Spring 2015.

Mattamy gets involved in every aspect of neighborhood planning, from acquiring the land, designing the homes and striving to deliver an exceptional customer experience. The 750 people who work in Mattamy’s divisions and professional disciplines are committed to providing the best homeowner experience.

The homebuilder is interested in acquiring more land in Tucson.

Will White and John Carroll of Land Advisors Organization in Tucson represent the seller, Vistoso Partners LLC of Tempe and the builder in the all-cash transaction.

“This is another great sign of confidence for our market and Tucson’s potential in the coming years,” White said.

To learn more contact White and Carroll at (520) 514-7454.