Saturday, October 20, 2018

Former Dollar General Building Sells for Conversion to Engineering Firm Office...

TUCSON, Arizona – Scorpion Technologies, LLC of Tucson (Carlos E Garcia, manager) purchased the 9,014-square-foot former Dollar General store at 155 W Valencia Road in Tucson on 1.26 acres. The property commanded a sale price of $630,000 ($70 PSF). Earl Hyman with Marcus & Millichap of Encino, California handled the transaction...

Madera Marketplace Outparcel Sells for $4.25 Million at Sahuarita Walmart Center

SAHUARITA, ARIZONA – WG Sahuarita Holdings, LLC an affiliate of Whirlygig Properties of Tucson (Lynn Taylor and Barry Kitay, principals) sold an outpad fully leased in the Walmart Center, 718 W Calle Arroyo Sur in Sahuarita. The buyer, Ace Properties #5, LLC of Tucson (Michael Adams, manager) was in...

Oregano’s Pizza Bistro Ground Lease at The Landing Sells For $1.67...

TUCSON, ARIZONA – The ground lease for Oregano's Pizza Bistro at 4884 S Landing Way at the Irvington and I-19 Commercial Center, Tucson’s The Landing Shopping Center sold for $1.67 million ($53.40 PSF).  The 31,275-square-foot pad sold in this transaction. Built in 2017, the 3,520-square-foot building was already owned...

Southern Arizona CCIM Chapter Conversation Corner July

TUCSON, ARIZONA -- The following commercial real estate transactions totaling $3.3 million created a lot of conversation at the July meeting of the Southern Arizona CCIM Chapter, in case you missed it, we’re publishing them here as part of our CCIM Conversation Corner. Jade Bossert with Tierra Antigua represented the...

Dollar General Portfolio Sells for $5.16 million; More New Stores to...

TUCSON, ARIZONA – A three property portfolio of Dollar General stores sold for an aggregate $5.16 million and more land purchased in Amado and Red Rock for additional new stores.  DCM Development of Tucson (Chris Lechner, managing member) is the developer for Dollar General and has told us stores...

C&W Picor Sells $10.65 Million in 5 Multifamily Transactions to close...

TUCSON, ARIZONA -- Cushman & Wakefield | PICOR is reporting that in the first half 2018, the brokerage firm in the 10-100 unit market holds a 62% of the market share. Allan Mendelsberg, the Multifamily Specialist with Cushman & Wakefield | PICOR, handled the following transactions valued at $10.65...

Hensley Beverage Building Tucson Sells for $13.3 Million

TUCSON, ARIZONA – California Investor, 6455 Box Springs Blvd., LLC purchased a 161,212-square-foot industrial building at 705 E. Ajo Way in Tucson, from Golden Eagle Distributors, Inc. for $13.3 million ($82.50 PSF). The property was fully occupied by Hensley Beverage Company at time of sale. The investor was in a 1031...

Freddy’s Frozen Custard and Steakburgers at Marana Marketplace Sells

Marana, Arizona – CBRE has completed the sale of a single-tenant, 3,243-square-foot Freddy’s Frozen Custard and Steakburgers located in Marana Marketplace at 3725 West Orange Grove Road in Marana, Arizona. The Property commanded a sale price of $2.378 million ($733 PSF) Joseph R. Compagno with CBRE’s Phoenix office represented the...

Tucson Regional Real Estate Market Extremely Positive – Just Reloading

TUCSON, ARIZONA -- A recently published article portrayed what many in the industry felt was a rather bleak future for Tucson real estate.  While many of the challenges outlined are real, the reality is that overall trajectory of the market is extremely positive, and we have a lot to...

Local Investor Converting Multifamily Portfolio to Retail

Tucson, Arizona – Local investors, Man Tran and Hao T. Nguyen, purchased the retail property located at 8250 East Broadway Boulevard in Tucson from Trinum Properties, LLC of Los-Angeles, California (Shawn Rita Abrahams, manager). The property commanded a sale price of $320,000 ($97 PSF). The multi-tenant four-unit building consists of...

Berkadia Brokers $122 Million in Tucson Apartment Sales

TUCSON, ARIZONA – Berkadia’s Art and Clint Wadlund of Tucson represented Gleiberman Investments, Inc. of San Diego (Mark Gleiberman, president) in the sale of two Northwest Tucson apartment communities for $37.43 million and represented Holualoa Properties in an additional three communities totaling $64.5 million. ComCapp Elevation, LLC a Texas REIT...

Tucson’s Village at Romero Apartments Sell for $1.95 Million

TUCSON, ARIZONA – Makouska, LLC (Lance Parsons, member) sold the Village at Romero apartments at 4213 North Romero Road in Tucson for $1.95 million ($54,166 per unit). Village at Romero is a 36-unit, condo-mapped, garden-style apartment prominently situated on North Romero Road. Residents enjoy direct access to all areas of...
image_print