Friday, September 21, 2018

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...

May Residential Lot Sales: Aggregate of $9.35 Million and 280 Lots

During the month of May, the Northwest submarket had 188 total platted lot sales, the southern submarket had 37-SFR lots and in the southeast there were 55 tentative lots, totaling 280 lots for the month. NORTHWEST SUBMARKET Meritage Homes of Arizona (Briana Rader, acquisitions) has purchased 120-platted lots at the southwest...

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...

Love Divine Fellowship Church Grows into New Facilities

The Love Divine Fellowship Church sold its 2,935-square-foot building at 1922 S Farwell Avenue in Tucson for $275,000 ($94 PSF) to Potter’s Christian and Missionary Fellowship. The church building had been well maintained and comfortably seated up to 100. Within the past few years seller had installed new flooring, new...

Land Sales, Shell /Subway, Walmart and Gem Show Site

The Carioca Company (Marvin Rose, president) through its affiliate RG3 LLC bought 5.77 acres at Rita Tech Park at the northeast corner of I-10 and Rita Road in Tucson for $1.5 million ($6 PSF). Carioca is a Shell gas distributor / Convenience store and Subway franchisee, founded in 1972,...

Creative Brokerage Brings HomeGoods Tucson Distribution Center

There has been much written about the new HomeGoods Tucson distribution center lately. What hasn't been told until now,  is the creative brokerage it took by a group of real estate professionals to assemble the land for the HomeGoods Tucson deal to come together.  It really started almost two...

Multifamily Continues to be ‘Hot Item’ in Arizona

Multifamily continues to be a hot item for investors in Q2 2015 for Tucson and Phoenix. In metro Tucson, from March 1st to June 17th, 3,221-units were sold for an aggregate total of $129.41 million. The average price per unit in Q2 was $50,060 per door and a median...

Iconic Donut Shop, Le Cave Opening Across from Police Substation

TUCSON, ARIZONA -- Empty Box, LLC purchased a 2,515-square-foot former Jack in the Box, located southeast of Alvernon Way at 3950 E. 22nd St. in Tucson from an affiliate of 4-D Properties, 3950 E. 22nd Street, LLC for $637,500 ($253 PSF). Naomi and Chris Pershing purchased the Le Cave’s Bakery...

The Shops at Valencia Tucson has Two Sites Sell for $3.7...

United Development and Christifulli Companies Complete two site sales at The Shops at Valencia TUCSON, ARIZONA – United Development Company of Southlake, Texas and Christifulli Companies of Phoenix, Arizona recently sold an IHOP at 1963 W Valencia and Risas Dental and Braces at 1979 W Valencia sites at their Shops...

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...

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 Retail Property Sales up by 12.36% Y-O-Y at mid-year

Although Tucson retail property sales slowed in second quarter compared to first quarter of the year, Tucson retail sales volume is up by 12.36% over 2014 at mid-year, with approximately $189 million in sales. The following retail sales previously unreported are from the first half of 2015 and total an...
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