Monday, June 25, 2018

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...

Two NNN Investment Sales in Tucson Sell at an aggregate of...

TUCSON, ARIZONA – Chuy’s Mesquite Broiler at 7101 East 22nd Street in Tucson sold for $1.19 million ($474 PSF) in an absolute triple net investment sale to a Family Trust in Fort Bragg, California. The fee simple interest in the 2,510-square-foot restaurant on a 21,384-square-foot lot sold 100% leased to...

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...

South Dodge Business Center in Tucson Fetches $6.5 Million

Tucson, Arizona -- Presson Corporation of Phoenix (Daryl Burton, manager) purchased nine buildings totaling 124,863-square-feet at 3601, 3621, 3631, 3641-3681 E. 44th St. and 3200, 3210, 3220, 3230, 3250, 3300, 3320 S. Dodge Blvd.  in Tucson for $6,491,160 ($52 PSF). The South Dodge Business Center is located near Butterfield Industrial...

Land for New Discount Tire Store Sells at Tucson Marketplace at...

TUCSON, Arizona – Scottsdale-based Halle Properties, LLC (Bruce Halle) doing business as Discount Tire/America’s Tire, the world’s largest tire and wheel retailer, purchased 1.08 acres at 3025 S Kino Parkway, located to the north of Culver's, in Tucson Marketplace at the Bridges for $875,000 ($18.58 PSF), . The company currently operates...

Downtown Marana a step closer to Reality for Town of Marana

The visionary concept for creating a new Downtown Marana and Marana Main Street, took a step closer to reality for the Town of Marana recently when Marana purchased 42.93 acres of land for $1.6 million ($0.86 PSF) from Reyher Partnership of San Diego, CA. The property is located on...

County closes on Midtown Industrial, with other June Sales total $3.12M

TUCSON, AZ - The property at 3233 N Dodge Blvd. in Tucson sold to Pima County for $1 million ($117 PSF). Built in 1982, the 8,580-square-foot industrial building sits on 2.82 acres with an entirely walled perimeter and surfaced yard in midtown, near Fort Lowell and Dodge Blvd. Formerly occupied...

Trafficade and Class Commercial Furnishings Latest Deals Brokered by Tango

TUCSON, AZ – In a transaction brokered by Tom Hunt and Bob Davis, formerly with Rein & Grossoehme and currently partners in Tango Commercial Real Estate Services, Trafficade Service, Inc. has purchased 3.04 acres with 22,000-square-feet of improvements located at 2802 N. Flowing Wells for $1 million ($45 PSF)...

Two Growing Tucson Small Businesses

TUCSON, Arizona -- Arizona Small Business Accounting (ASBA) of Tucson (Linda Lipscomb, manager) purchased the office building at 5205 E Pima Street for its second office in Tucson. The property commanded a sale price of $195,000 ($97 PSF). Since 1983, Arizona Small Business Accounting has helped individuals and businesses to achieve...

Tucson Self Storage sold for $2.775 Million

PHOENIX, ARIZONA -- NAI Horizon Senior Vice President Denise Nunez represented the buyer in the $2.775 million ($4,752 per unit) investment property acquisition of Tucson Self Storage at 6459 E. Golf Links Rd., in Tucson, Ariz. Nunez represented Western Tucson LLC in the transaction. Built in 1976, the property sits...

Seattle Investor makes first buy in Arizona Terra Vista Estates in...

TUCSON, Arizona -- Affiliates of AFK Real Estate Investments, LLC of Scottsdale (Angus Keith, manager) sold the Terra Vista Estates mobile home park in Tucson, AZ for $7.45 million ($58,200 per unit) to a Washington state investor, Terra Vista MHP, LLC, of Seattle, WA (Kazuo and Carol Yamada, members). Tucson...

Surf Thru Express Car Wash Buys New Site at Grant &...

Tucson, Arizona - Surf Thru, Inc. closed on its third site in the Tucson area last week. The Bakersfield, CA-based quick service carwash chain paid $700,000 ($14.90 PSF) for 46,986- square-feet of land located at 6307 E. Grant Road, Tucson, AZ. It is at the northeast corner of Grant...
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