Culver’s at 40 South Broadway Place in Tucson sold in an investment sale to MYXSTOP 4 and Kyrene & Elliot Place LLCs (James Zuckerman, manager) for $2.865 million ($646 PSF). This was the buyer’s upleg in a 1031 exchange. The 4,436-square-foot building was built in 2011 on 1.02 acres and sold as a triple net investment […]
Culver’s Tucson Trades in Net Lease Sale for $2.87 Million Read More »
Villa Pacifica Apartment at 4650 E 29th Street in Tucson was purchased by AWI VP, LLC an affiliate of Sullens & Associates of Scottsdale, AZ (Jordan Fisher, manager) for $5.48 million ($31,136 per unit). Property sold as a value-add transaction. Built in 1986, Villa Pacifica is 10 buildings on 4.46 acres, all two and three
Value-Add Villa Pacifica Apartments in Tucson Sells for $5.48 Million Read More »
The Tucson market has become a particularly attractive area to invest in multifamily including student housing, with a declining vacancy rate, increasing rental rates and significantly higher cap rates on properties than most areas. The Reeve Family Trust of Los Osos, California (Don Reeve, manager) recently purchased four separate student housing projects with an aggregate
Four Student Apartments in Tucson Sell for $6.5 Million Read More »