Three Tucson Land and Office Sales Total Over $1 Million in Recent PICOR Transactions

TUCSON, ARIZ. (July 25, 2025) — A trio of commercial real estate deals totaling over $1 million closed recently in Tucson, involving retail, multifamily, and office properties across the city were PICOR transactions.

In the largest of the three sales, Tierra Imperial LLC acquired 0.34 acres of retail-zoned land at 702 S. Stone Avenue and 709 S. 7th Avenue for $490,000. The centrally located parcels sit within Tucson’s emerging downtown-edge corridor, offering strong redevelopment potential. Kameron Norwood, Investment Sales & Leasing Specialist with Cushman & Wakefield | PICOR, represented both the buyer and seller, R + R DEVELOP LLC, in the transaction.

In a separate deal on the city’s southeast side, Wayne and Donna Swan purchased 1.64 acres of multifamily-zoned land at 3901 & 3941 S. Kolb Road for $354,000. The site is well-positioned near major transportation corridors and residential growth areas. Kameron Norwood represented the seller, Las Casitas XIVB LLC, while Zachariah Samorano of Hot Casa LLC represented the buyers.

On the office side, AZ Behavioral Health Outreach Strategies expanded its footprint with the acquisition of 1,800 square feet of office space at 2660 N. 1st Avenue for $210,750. The building provides a strategic location near the intersection of 1st Avenue and Grant Road. Jason Shaltiel, Office Specialist with Cushman & Wakefield | PICOR, represented the buyer. The seller, William C. Scott Living Trust, was represented by Jeramy Price of Volk Company.

These transactions highlight continued investment momentum in Tucson’s infill corridors and growth areas, with local buyers actively pursuing development and owner-user opportunities across asset types.

Sources: RED Comps #11971, #11957 and #12012.

Glendale Investor Acquires Three Tucson Duplexes for $1.25 Million

TUCSON, ARIZ. (July 25, 2025) — A portfolio of three duplexes located at 4108, 4114, and 4120 S. 12th Avenue in Tucson sold for a combined total of $1,251,000 in late June. The buyer was Arias Property, a private investment group based in Glendale, Arizona, acquiring the six-unit package at an average price of $208,500 per unit.

The seller was E & S Development, LLC, an entity owned by Colin Properties (Curt Stinson of Engel & Völkers, Tucson) and Greenhill Development (David Evans of Realty One Group, Scottsdale). Engel & Völkers represented the seller in all three transactions.

The sale was executed in three separate deals over four days, from June 27 to June 30, 2025, allowing for flexibility in closing and financing. Each of the properties contains two rental units, and each sold for $417,000, totaling six units across the portfolio.

Situated along South 12th Avenue near Irvington Road, the properties are in Tucson’s Southside submarket—a working-class residential corridor with strong rental demand and access to major bus routes, employment centers, and retail services. The area continues to draw attention from private capital seeking stabilized assets or value-add opportunities in Tucson’s high-occupancy, low-supply multifamily market.

“These smaller multifamily deals remain attractive to out-of-market investors due to Tucson’s affordability, steady rental income, and low vacancy rates,” said Curt Stinson, who co-managed the disposition on behalf of E & S Development. “We’re seeing continued buyer interest from Phoenix and California for workforce housing in core Tucson neighborhoods.”

The transaction adds to a growing trend of Phoenix-based investors expanding into Southern Arizona, targeting duplexes, triplexes, and fourplexes as scalable additions to rental portfolios without institutional competition.

For more information, contact Curt Stinson, Engel & Völkers Tucson at (520) 954-5800.

Town of Marana Acquires 3.11-Acre Parcel Adjacent to MARC for Future Civic Development

Marana Aquatic & Recreation Center (MARC)

MARANA, ARIZ. (July 18, 2025) – The Town of Marana has acquired a 3.11-acre vacant parcel at 13416 and 13420 N. Sandario Road for $1,000,000, purchasing the land from Marana Healthcare in an off-market transaction that closed on June 27. The strategically located site sits directly adjacent to the recently opened Marana Aquatic & Recreation Center (MARC) and is being held for future municipal investment and potential expansion.

Currently zoned A (Agricultural) under Marana’s Land Development Code, the property offers flexibility for future use but would require rezoning for any non-agricultural development. The parcel lies within Marana’s rapidly growing Northwest submarket, near Interstate 10 and Cortaro Farms Road, in a corridor earmarked for long-term civic and recreational growth.

The adjacent MARC, a 120,000-square-foot regional recreation facility, officially opened in May 2025 and includes indoor and outdoor amenities such as a lap pool, zero-depth-entry pool, splash pad, waterslides, fitness and weight rooms, a walking track, and multi-purpose community space. Funded in part by a dedicated half-cent sales tax, the MARC represents a $64 million investment in the health, wellness, and recreational needs of Marana residents.

While the Town reported it has no immediate development plans for the newly acquired parcel, officials cited its proximity to the MARC as a key reason for the purchase. Future uses under consideration may include overflow parking, support facilities, event space, or programmatic expansion areas to meet growing public demand.

No brokers were involved in the sale. The acquisition underscores Marana’s proactive land-use strategy to secure property near major public assets, ensuring flexibility in future civic development and reinforcing long-term community planning objectives.

Source: RED Comp #11978