The Shops at San Dorado sold to California-investor, Enos Ranchos LLC of Santa Ynez, CA (Samuel Rhea, member) for $11.28 million ($550. PSF) for this Class A property, location, tenants and construction quality.

Build in 2013 and expanded in 2015, San Dorado is at First and Oracle Road, the highest traffic intersection in Oro Valley, with major retailers such as Target, Home Depot, Fry’ s Grocery, Ross and PetSmart, in the primary core of residential, commercial and employment district for Oro Valley. Addresses of building sold was 10580, 10592 & 10604 N Oracle Road in Oro Valley.

The 20,558-square-feet of shop space on 2.3 acres was 100% leased and 94% occupied at time of sale by nationally recognized tenants: Chipotle, Verizon Wireless, Panera Bread, Mattress Firm, Jersey Mike’ s Subs and MOD Pizza and 72% of these leased by publicly traded tenants such as Verizon Wireless (NYSE: VZ), Chipotle (NYSE: CMG), Panera Bread (NASDAQ: PNRA) and Mattress Firm (NASDAQ: MFRM).

Greg Laing, Dan Gardiner, Teal Bloom and Tyler Chester with Phoenix Commercial Advisors represented the seller, KDC San Dorado Retail LLC, a Mark Taylor and Kitchell Corporation joint venture.

For additional information, Laing can be reached at 602.734.7207, Gardiner is at 602.734.7204, Bloom can be contacted at 602.288.3476 and Chester should be called at 602.288.3480.

To learn more, see RED Comp #4098.

TUCSON, AZ — The Quails (formerly Quails Meadow and Quails Park) sold to AWI Quails East LLC and AWI Quails West LLC, both affiliates of Alpha Wave Investors, LLC, (Jordan Fisher, manager) a Southern California-based private equity investment firm purchased 288-units in a bulk sale for $9.4 million ($32,639 per unit).

Located at 1120 and 1150 E Irvington Road in Tucson, with 288-units ranging from studios to two -bedroom / two bath units in five distinct floor plans.

Property is in Southwest Tucson, near Raytheon, Tucson International Airport, Arizona Daily Star and many other businesses the property is minutes from I-10 and I-19.

Built in 1984 and 1985, residents enjoy a variety of community amenities, such as, a sparkling, pool, enjoy the B.B.Q grills and picnic areas. Select units include vaulted ceilings, a walk-in pantry, and all units have dishwashers, a patio or balcony.

Buyer also owns a property management firm, Next Wave Property Management (NWPM) that is also an affiliate of Alpha Wave Investors LLC, that earlier this year acquired Scottsdale, Arizona-based Silver Mountain Real Estate Group, a leading manager of apartments, homeowners’ associations and single family investment properties in the rapidly-growing Arizona market. The acquisition expanded NWPM’s geographic presence and solidified its position as a leading multifamily real estate services company in the Southwest region, managing properties in Arizona and Nevada.

This is the second multifamily property acquisition in the Tucson market for buyer. AWI bought Villa Pacifica Apartments with 176-units in July. See Real Estate Daily News, Value-Add Villa Pacifica Apartments in Tucson Sells for $5.48 Million for full story.

Art and Clint Wadlund with Berkadia Real Estate Advisors in Tucson handled the sale for the seller, Quail Meadow Partners LLC & 3932-3936 Sepulveda Blvd LLC of Southern California (Milton Mabry, Jr., manager).

For additional information, Art Wadlund can be reached at 520.299.7200 and Clint Wadlund is at 520.529.9206.

To learn more, see RED Comp #4139.

TUCSON, AZ – Kahane Trust of Venice, CA (Fred Kahane, trustee) purchased the Senior Living, Coronado Vista Courtyard Apartments at 1511 N Craycroft Road in Tucson for $1.7 million ($42,500 per unit).

The property is a 40-unit complex that had recently been completely renovated and sold with no deferred maintenance. The unit mix consists of 15-studios, 24-one-bedrooms and 1-two-bedroom unit. Built in 1963 it was 95% occupied at time of sale.

Coronado Vista Courtyard Apartments is a 55 and older Community with the unique distinction of being a 100% non-smoking, active independent senior community.

Located in the Northeast Tucson submarket, property is in proximity to many shopping, dining and store locations and minutes away from Park Place Mall, Restaurant Row, Sabino Canyon, Udall Park & Senior Center, Tucson Medical Center and both El Dorado and St. Joseph’s Hospitals.

The community has vintage mid-century architecture, with a Southwestern flair; beautifully restored with quality materials. The solid look of masonry has been further enhanced with eco-friendly and energy saving dual pane windows and the addition of foam insulated exterior masonry walls. Upscale lighting, beautifully refinished original cabinetry, granite looking countertops, high seated elongated toilets, carpet-free flooring and custom painted interiors are just a few of the features. Each apartment has its own separate central heating and AC system.

Beautiful French doors open to a large central courtyard, with a rose vine covered Ramada with bench seating, and free local & long distance (US & CANADA) phone calls is available in the Clubhouse.

Hamid Panahi and James Crawley with Marcus & Millichap in Phoenix the seller, Trapnell Properties LLC of Tucson (Thomas Trapnell, manager) in this transaction.

For more information, Panahi and Crawley should be reached at 602.687.6700.

To learn more, see RED Comp #4159.