2nd Quarter Sales

TUCSON, Arizona – Academy of Math and Science (AMS) recently purchased two locations for campus expansion. The property at 1611 – 1625 West Prince Road in Tucson was sold for $503,760 ($97 PSF) by Barnett Brenner and 425 West Valencia sold for $690,000 ($145 PSF) by BM Valencia. Both were...

TUCSON, Arizona – The now open, the new Native Grill & Wings at Steam Pump Village, 11107 N Oracle Road in Oro Valley, sold in an investment sale for $3.34 million ($673 PSF) to local investors, Andy and Marilyn Bowden. The 4,962-square-foot Native Grill & Wings restaurant celebrated its grand...

TUCSON, Arizona -- D.R. Horton acquired the final 49-SFR lots at Rancho Resort II for $588,000 ($12,000 per lot) in Sahuarita, AZ. These two final takedowns were part of an option for a total of 61-lots exercised early by the builder for completion. The first takedown was in January...

TUCSON, ARIZONA -- Office sales of smaller office buildings has been active lately, with market vacancies at a seven year low in Tucson. There has been $17.3.6 million in sales volume this quarter with $400,000 the median sale price and 3,538-square-feet the median building square-footage. William and Susan Daugherty purchased...

TUCSON, Arizona -- The Cushman & Wakefield | PICOR multi-family team of Allan Mendelsberg and Daniel Leibsohn have closed seven multifamily transactions recently representing an aggregate total of $9.99 million. The Tucson Multifamily market remains strong and one of the more attractive investment locations due to the increase in quality...

TUCSON Arizona – Tin Cup Properties, LLC of Tucson (John Lashley, manger) purchased a 7,808-square-foot office building located at 100-126 W. 37th St. in Tucson from Tucson Urban League for $500,000 ($64 PSF). The property was vacant at time of sale and buyer purchased to lease to StrengthBuilding Partners, dba...

TUCSON, Arizona -- Seoul Kitchen Corporation of Tucson (Yeon Suk Choi, manager) bought the former Third Base Bar at 6255 E Golf Links Road in Tucson for $300,000 (85.59 PSF) from Robert T. Kramber. Seoul Kitchen Korean BBQ’s first restaurant in Tucson opened in October 2009 at 4951 E Grant...

TUCSON, Arizona -- Quattro Ninos of Tucson (Celia Mata) purchased the two-suite office building at 549 North 6th Avenue in Tucson for $437,000 ($199 PSF). The property consists of two beautifully built-out suites with separate entrances and addresses (549 North 6th Avenue and 180 E 5th Street). Interior features include...

TUCSON, Arizona -- The nonprofit, Community Foundation for Southern Arizona (Fred Chaffee, Chairman) purchased the office campus at 5049 E Broadway Blvd in Tucson from the Catalina Council of Boy Scouts of America for $2 million ($77.29 PSF) and the Catalina Council of Boy Scouts of America bought the...

TUCSON, Arizona -- Pierce Educations Properties (PEP) of San Diego, California (Frederick Pierce, President /CEO) has acquired The Junction at Iron Horse, a 232-bed  / 76-unit student housing community located near the University of Arizona at 504 East 9th Street in Tucson. The Junction at Iron Horse is an off-campus...

Forecasted population growth projected to complement firm’s long-term investment strategy Tucson, Arizona – Northland Investment Corporation, one of the top privately held multifamily owner and operators in the country, announced its acquisition of Villas at San Dorado, 10730 N Oracle Rd, in the Tucson, Arizona suburb of Oro Valley. Northland...

TUCSON, ARIZONA – Walgreens at 4910 North 1st Avenue in Tucson sold to The Clover Company (Paul Craft, CEO) for $3.925 million ($253 PSF) from 4910 N 1st, LLC (Steven M Swanson II, manager). Located at 1st Avenue ad River Road, this net-leased investment is approximately 15,525-square-feet and has been...