TUCSON, AZ — The Associated Press is reporting a Phoenix-based apartment company, Second Chance Rentals, is expanding to Tucson thanks in part to its target clientele: convicted felons.

Second Chance Rentals brought its practice of renting to felons and evictees, a population other landlords might consider high-risk, to the Tucson market this summer.

“Felons are our best clients,” CEO Les Boynton said. “They value their housing.”

Public defenders such as assistant Pima County public defender Joel Feinman say finding housing is one of several issues people with felony convictions have to deal with.

“It’s not just sex offenders or murderers who suffer these consequences,” he said. “It’s people who are convicted of possession of marijuana or felony shoplifting.”

Boynton, whose clients are all non-violent offenders, said he has rented to more than 22,000 people at 120 apartment complexes in Phoenix since starting his company in 2003. He does not work with sex offenders, habitual drug dealers or people who are frequently in and out of prison, the Arizona Daily Star reported click here for story.

Second Chance oversees a 52-unit complex in Tucson that Boynton and a group of investors bought in May.

“To my knowledge, there is no model specifically like that in Tucson,” said Mike Chapman, a specialist in multifamily housing for Tucson-based NAI Horizon, a commercial real estate company.

The property has a 96 percent occupancy rate. The company intends to buy or manage another 400 units by the end of the year, Boynton said. It could be needed in a county where nearly 41,000 people have been convicted of felonies in the last decade.

Sharli Pettit, who is 19 and more than eight months pregnant, had difficulty finding a place because of her prior conviction for methamphetamine possession. But just a few hours after checking out a small apartment owned by Second Chance, she signed a contract.

“It’s really hard to find a place that allows people like me, being a felon,” she said. “All I want to do is turn my life around.”

https://www.my2ndchancerental.com/

See RED Comp #2871 for additional information.

Although Tucson retail property sales slowed in second quarter compared to first quarter of the year, Tucson retail sales volume is up by 12.36% over 2014 at mid-year, with approximately $189 million in sales.

The following retail sales previously unreported are from the first half of 2015 and total an aggregate of $1.9 million.

The Family Dollar store at 15881 North Oracle Road in Catalina, AZ sold for $795,000 ($98 PSF). The investor, Paul Oddo Family, is from Anaheim, CA and purchased the net lease investment with long term, absolute triple net, lease terms with Family Dollar as tenant. The 8,100-square-foot store was built in 2004 on a .84 acre lot.

The property is located adjacent to McDonald’s and Wells Fargo in Catalina, near Basha’s, Subway, Starbucks, Valro, Circle K, Arby’s, Max Autoglass and several local tenants.

Jamie Medress, Chris Lind and Mark Ruble with Marcus & Millichap in Phoenix handled the transaction for seller, Caskey Family Trust of Palm Springs, CA, and the investor.

For additional information see RED Comp #3001.

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Little Group of Tucson (Troy Little, manager), dba Quik Mart, purchased the Quik Mart property at 4475 E 5^th Street in Tucson for $239,000 ($76.60 PSF). The buyer was a tenant in the property prior to sale and it was purchased without options involved. The property was constructed in 1963 on a .23 acre lot.

The Convenience Stores industry in general is in the mature stage of its life cycle. Industry value added, which measures the industry’s contribution to GDP, is forecast to grow 1.5% over the next 10 years. In comparison, GDP is projected to increase 2.5% per year on average during the same period.

Aaron LaPrise, Retail Specialist with Cushman & Wakefield | Picor in Tucson handled the transaction for both buyer and seller, Tucson Commercial Property, LLC of Tucson (Richard St. Aubin, manager)

For additional information see RED Comp #3064.

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Nicon, LLC of Tucson (Nicholas Conforti, member) purchased a 7,444-square-foot automotive service building at 5744 E. Speedway Blvd. in Tucson from 5744 East Speedway Boulevard, LLC of Irvine, CA for $562,000 ($75.50 PSF). The property was built in 1980 on a .49 acre lot and the new owner plans to owner occupy it.

Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the seller and David Hammack with Volk Real Estate, represented the buyer in this transaction.

For additional information see RED Comp #3075.

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Ho Investments, LLC of Tucson (Ngoc Tran Ho, manager) bought the property previously leased, dba Ba-Dar Chinese Restaurant, for $300,000 ($133 PSF). The 2,259-square-foot building is at 7321 E Broadway Blvd in Tucson. Built in 1964, the property is on a 10,965-square-foot lot.

LJ Kivel Holdings, LLC of Tucson (Harvey and Ron Kivel, members) was the seller and self-represented in the transaction.

For additional information see RED Comp #3078.

SimonCRE (Joshua Simon, principal) has broken ground on its latest Pet Club store at 2585 N Abrego Drive in Sahuarita. The one acre pad sold for $675,000 ($15 PSF) to SimonCRE of Scottsdale for construction of a 10,450-square-foot Pet Club Feed and Tack Store.

The improved lot is located off Interstate 19 at the southwest corner of Abrego Drive and Duval Mine Road / Old Nogales Hwy, across the street from Madera Marketplace that includes retailers such as Walmart Supercenter, Big Lots, Big 5, Ross, AutoZone, Walgreens, Carl’s Jr., Bank of America, Wells Fargo and more. This ideal location will serve pet lovers from Green Valley, Tucson and Sahuarita.

Pet Club will be the only retailer at this corner and is scheduled for completion by year end. The property was block platted for commercial development as a portion of La Joya Verde subdivision.

The seller was Bob Baker of Sonoran Ventures Brokerage of Tucson who represented himself in the sale. SimonCRE was also self-represented.

To learn more Baker should be contacted at 520.320.9990 and Simon can be reached at 480.292.8357.

For additional information, login to reference RED Comp #2988.

Contact Karen Schutte at REDailyNews@outlook.com or 520.877.2656; On Twitter: @REDailyNews and on Facebook: https://www.facebook.com/REDailyNews

[mepr-show rules=”58038″]Sale date: 6/5/2015. Sale price $675,000 in two transactions, documents #2015-1560671 and #2015-1560672. APN: 303-33-876 & 648. Zoning CB-1, County. Buyer paid $20,000 down and financed the balance with conventional financing.[/mepr-show]