Monday, April 23, 2018

Marcus & Millichap Arranges sale of Santuario a 70-Unit Apartment Building...

TUCSON, Arizona – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Santuario, a 70-unit apartment property located in Tucson, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix and...

ABI Facilitates Another Tucson Deal for $2.6M, 60-Unit Apartment Complex

TUCSON, ARIZONA -- ABI Multifamily is pleased to announce the $2.6 million / $43,333 per unit sale of the Skyline Park Apartments located in Tucson, Arizona.  Completed in 1985, Skyline Park is a two story, garden-style apartment community that features 60 total units in 3 rental buildings, constructed of...

Office Condo at Mesquite Corporate Center Sells to BodyCentral

TUCSON, Arizona – BodyCentral Physical Therapy (Jennifer L Allen) purchased two office condominium spaces at 1640 East River Road in Mesquite Corporate Center in Tucson for $801,528 ($168 PSF). The total 4,771-square-feet in this class A complex was built in 2001 and 1,361-square-feet was leased to Bon Voyage Travel when...

Berkadia Negotiates Sale of Two Apartment Communities in Tucson for $16.28...

TUCSON, Arizona – A joint venture between two Swiss real estate companies, Stoneweg US LLC and Varia US Southwest LLC, bought the Zona Village Apartments at 2855 W Anklam Road in Tucson for $10.05 million ($54,918 per unit) from SFF Investments, Ltd. of Colorado. The 183-unit apartment complex was built...

Landmark Willard Hotel Downtown Tucson Sells

TUCSON, Arizona -- A Denver investor, LeMonds Holding (Dale LeMonds, manager) purchased the venerable Willard Hotel - Office Building at the corner of Twelfth Street and Sixth Avenue, 145 S 6th Avenue in Tucson, for $1.9 million ($158 PSF). Designed by architect Henry Trost, the Willard Hotel opened its doors in...

Three Tucson Mobile Home Parks Sell for $4.63 Million in Bulk...

TUCSON, Arizona -- Allen Yadgari and Mike Yamin of Beverly Hills, Calif. purchased three mobile home parks in Tucson with a combined total of $4,628,000 ($23,979 per space) for the 193 total spaces. The parks included Desert Haven mobile home park at 3332 N Romero Road with 54 spaces, Sun...

Tucson Industrial Back Office Building Sells in Off-Market Investment Deal for...

TUCSON, ARIZONA – The industrial back office building at 2425 E Medina Road in Tucson Commerce Center sold for $6.1 million ($127 PSF) in an off-market transaction. The 47,775-square-foot building on a fenced 4.52 acre lot was built in 1975, and has been used as a call center since closing...

Zanya Mediterranean Restaurant Buys Molina’s Midway Building in Tucson to Relocate

TUCSON, Arizona -- HA Arizona Properties of Tucson (Riad Altoubal, manager) has purchased the former Molina’s Restaurant at 1138 N Belvedere Ave. in Tucson for $429,500 ($79 PSF) to be owner occupy for expansion and relocation of Zayna Mediterranean Restaurant. Zayna, a popular local spot, specializes in Lebanese and...

Sam Hughes Place in Tucson Retail Sells at Auction for $2.58...

Tucson, Arizona – The ground floor retail space of Sam Hughes Place at the Corner sold recently at auction for $2.575 million ($160 PSF) to a Las Vegas investor, B33 Sam Hughes Place, LLC (Jahan Moslehi, manager). The sale was for the ground floor exclusively at 446 N Campbell Avenue...

Two new Starbucks Under Construction in Tucson

TUCSON, Arizona -- La Cholla–OG, LLC (Neil Kleinman, manager) purchased the .85 acre parcel at the southwest corner of Orange Grove and La Cholla Blvd in Northwest Tucson for $610,000 ($16.45 PSF) from Little Group (Troy Little, member). The former Quik Mart corner is being redeveloped for a new Starbucks...

Watermark Retirement Communities Buys Land in Marana for $1.34M

MARANA Arizona -- Watermark Retirement Communities (David Barnes, president) is building a 108-unit assisted living and memory car facility at 8689 N Silverbell Road in Marana. The 3.99 acres located southwest of Silverbell and Continental Reserve Loop recently sold to Watermark Marana for $1.34 million ($7.70 PSF) from Salem...

Holualoa Sells Industrial Building for $13.5 Million at Tucson International Business...

TUCSON, Arizona – Holualoa Global Loop, a subsidiary of Holualoa Companies, (I Michael Kasser, member) sold the fully leased building at 3301 E Global Loop in Tucson for $13.5 million ($167 PSF) to a group of investors from Anchorage, Alaska. The 80,600-square-foot building was built in 1998 at Tucson International...
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