Tucson, Arizona – CBRE has arranged the $1.8 million ($59 PSF) sale of a 30,600-square-foot retail property on 2.07 acres located in an opportunity zone at 3655 East Grant Road in Tucson.

Nancy McClure of CBRE in Tucson represented the buyer, El Rio Santa Cruz Neighborhood Health Center, Inc., in the transaction.

Situated at the northwest corner of Grant Road and Dodge Boulevard, the two-story building has served as a bank branch since it was built in 1968. The property benefits from a strong urban infill location and accessibility to the University of Arizona, downtown Tucson and Interstate 10.

The new owner-user plans to convert the former Wells Fargo bank into a community healthcare center, dba El Rio Community Health Center.

In the late 1960s, President Lyndon B. Johnson declared a “War on Poverty” and the concept of neighborhood health centers was born. The first El Rio neighborhood health center opened in October of 1970.  Against this national backdrop, local advocates on the west and south sides of Tucson were building new communities in the barrios and fighting for basic services including healthcare.

At the same time, the founding dean of the new College Of Medicine at the University of Arizona – Dr. Merlin DuVal – wanted a new way to train young medical students and saw that a neighborhood health center would provide that opportunity while serving the healthcare needs of the underserved. He enlisted the help of Dr. Herb Abrams who had already worked with a community in Chicago to build one of the first centers there. Abrams connected with local leaders in the barrios and enlisted their support.

In 1970, with the donation of a building by Pima County and $50,000 for renovations, along with a federal grant, the first El Rio neighborhood health center opened with a small staff of health professionals offering primary medical and dental care. El Rio Health is now one of the largest, most highly regarded integrated health centers in the country serving over 104,000 people at multiple locations throughout Tucson. El Rio currently employs 1,300+ with an annual budget of $147M.

For more information, McClure can be reached at 520.323.5117.

SAHUARITA, ARIZONA — D.R. Horton, Inc. (NYSE:DHI) purchased 20 finished SFR lots as part of a new rolling option from Tucson Land, LLC at Santa Cruz Meadows in Sahuarita. The sale closed on April 10.

D.R. Horton paid $1,287,000 ($64,350 per lot) for a mixture of 7,000-square-foot production lots and half-acre lots combined. The builder intends to continue building in this Santa Cruz Meadows subdivision where it has already been building for several years under another rolling option agreement.

D.R. Horton homes closed in the second quarter of fiscal 2020, ending March 3st, increased 8% to 14,539 homes compared to 13,480 homes in the same quarter of fiscal 2019. Home sales revenue for the quarter increased 10% to $4.4 billion from $4.0 billion in the same quarter of fiscal 2019. Homes closed in March 2020 increased 6% to 6,677 homes compared to 6,272 homes in March 2019. Homes closed in the first six months of fiscal 2020 increased 10% to 27,498 homes compared to 24,980 homes closed in the same period of fiscal 2019.

In almost all municipalities across the U.S. where social distancing and other restrictions have been issued, residential construction and financial services have been designated as essential businesses as part of critical infrastructure. D.R. Horton has continued its homebuilding and financial services operations in those markets where allowed and has implemented operational protocols to comply with social distancing and other health and safety standards as required by federal, state and local government agencies, taking into consideration guidelines of the Centers for Disease Control and Prevention and other public health authorities.

Randy Emerson of GRE Partners, LLC represented the seller and Dan Feig of Chapman Lindsey Commercial Real Estate represented the buyer.

For more information, Emerson can be contacted at 520.396.4812 and Feig is reachable at 520.747.4000.

To learn more details, see RED Comp #7715.

Tucson, Arizona – Tucson Center for Women and Children, dba Emerge Center Against Domestic Abuse, purchased the office building located at 4455 E. 5th Street, Tucson, Arizona, from Mama’s Family Restaurants, dba Mama’s Hawaiian BBQ, for $485,000 ($125 PSF).

Emerge Center Against Domestic Abuse provides domestic abuse crisis intervention and housing, prevention, education, support, and advocacy services to anyone experiencing domestic abuse. While the majority of the people seeking our services are women and their children, our services are available to anyone regardless of gender.

The property consists of an approximately a 3,870-square-foot building, built in 1953, on 11,893-square-feet of land. Seller was an owner occupant and buyer will be the same.

Michael Gross and Frank Arrotta of Tucson Realty & Trust Co. represented the seller and Tom Nieman, Principal at Cushman Wakefield | Picor represented the buyer in the transaction.

For additional information, Gross and Arrotta can be reached at 520.577.7000 and Nieman is at 520.546.2728

To learn more about Emerge Center or to assist with the center’s Covid-19 in-kind donation requests, go to https://www.emergecenter.org/