Sunday, June 25, 2017

Academy of Math and Science Expanding Campuses at Both Tucson Locations

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...

Native at Steam Pump Village Oro Valley Sells in Off Market...

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...

DR Horton Acquires Final Rancho Resort II Lots in Sahuarita

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...

Smaller Office Building Sales Lively in Tucson

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...

C&W Picor Closes $10 Million Recent Tucson Multifamily Deals

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 Urban League Sells School Leased to La Puertas Community School

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...

Classic Delicious Seoul Korean Kitchen Buys Second Location in Tucson

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...

Volk Company Handles Sale of Several Downtown Tucson Buildings

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...

Boy Scouts and Community Foundation Trade Places in Tucson

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...

UA Junction at Iron Horse Student Housing Sells for $19.32 million

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...

Northland Enhances SW Portfolio with $50.55M purchase of Villas at San...

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...

Walgreens in Catalina Foothills Tucson Sells for $3.9 Million

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...
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