MARANA, Arizona – Arizona Restoration Pros of Tucson (Paul Redman) purchased lot 9, a 24,059-square-foot lot, at Orange Grove I-10 Plaza for $140,745 ($5.85 PSF).

The buyer plans to use the site for future construct of a building to be owner occupied by Arizona Restoration Pros, a company specialized in commercial and residential property fire and water damage restoration.

The seller, Orange Grove & I-10 Industrial Partners, LLC of Tucson (Dennis Winans, member) was represented by Gordon Wagner of NAI Horizon Tucson and the buyer was self-represented.

To learn more, see RED Comp #6799

October Winds, LLC of Tucson (Jeff O’Neill, manager) bought lot 8 at Orange Grove I-10 Plaza. The 24,168-square-foot lot sold for $141,500 ($5.85 PSF).

The buyer owns the adjacent property at 6126 N Travel Center Drive doing business as Affordable Fence and Gates and purchased property for business expansion.

Ron Zimmerman with Cushman & Wakefield | Picor represented the buyer and Gordon Wagner represented the seller Orange Grove & I-10 Industrial Partners, LLC the developers of the industrial park.

Located at the southeast corner of I-10 and Orange Grove, these twenty half-acre industrial lots deliver highway visibility that makes them ideal for industrial and retail users. First platted in 2003, the project was brought to market just in time for the slow-down of the great recession and now have sold all but one remaining lot being marketed by Gordon Wagner at NAI Horizon.

For more information, Gordon Wagner can be reached at 520.326.2200 and Ron Zimmerman is at 520.546.2755.

To learn more, see RED Comp #6875.

Tucson, Arizona – Majestyk Tucson, LLC (Michael Bennian, manager) of Scottsdale purchased the property located at 2530-2532 S. Harrison Road and 9425 E. Golf Links Road, Tucson, Arizona for $375,000 ($117 PSF).  

The approximately 3,200-square-feet of retail space in Harrison Plaza was built in 1997 and is the end cap at the northwest corner of Harrison Road and Golf Links in the center anchored by Big Lots. Each of the stores at this center are individually owned.

The transaction was an investment sale that sold full leased to two tenants, Hair Spraz Salon is in 800-square-feet and Cozy Corner Diner in the remaining 2,400-square-feet. Both will continue to occupy the spaces.

Paul Ash Management handles the property management.

Frank Arrotta of Tucson Realty & Trust Co. represented the seller, Trinum Properties, LLC of Los Angeles, California (Shawn Rita Abrahams, manager).

For more information, Arrotta can be reached at 520.577.7000.

To learn more, see RED Comp #6885.

Picor Handles $3.47 Million in Multifamily Sales Tucson

TUCSON, Arizona — Allan Mendelsberg with Cushman & Wakefield | Picor closed on an aggregate of 48-units for $3.465 million ($61,625 per unit) in Tucson recently in four transactions.

California-based, Brad Land Investors, LLC and The Martin and Stacey Cohan Trust bought an 8-unit student housing building at 317 N Vine Avenue in Tucson. The property is located next to the UA Campus and sold for $1 million ($125,000 per unit). All were two-bedrooms except one, a one-bedroom.  The seller was Bruce and Michelle Minkus of Tucson. Allan Mendelsberg, Principal and Multifamily Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

To learn more, see RED Comp #6817.

Marc Henry and Gaynelle Henry purchased a 12-unit apartment building located at 3525 E. Flower Street in Tucson.  The multifamily property was purchased from Rincon Flower Properties, LLC for $875,000 ($72,916 per unit).  Allan Mendelsberg, Principal, and Logan Nagel and Zach Stone, Multifamily Specialists with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Alexandre Bensahel, with Marcus & Millichap Real Estate Investment Services, Los Angeles, represented the buyer.

To learn more, see RED Comp #6873.

KV Ironwood, LLC purchased Olive Street Apartments from KMS Enterprises, LLC for $640,000 ($40,000 per unit).  The16-unit, multifamily property is located at 201 E. Olive St. & 5261 S. Nogales Highway in Tucson.   Allan Mendelsberg, Principal and Multifamily Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

To learn more, see RED Comp #6801.

Gary and Vicktoria Weessies purchased three buildings at Roger Road Apartments from Brandon B. Matheson.  The multiple property transaction included three, 4-unit buildings located in Tucson:  220 W. Roger Rd. ($316,670), 234 W. Roger Rd. ($316,665), and 238 W. Roger Rd. ($316,665) or a total of $950,000  ($79,166 per unit).  Allan Mendelsberg, Principal, Logan Nagel and Zach Stone, Multifamily Specialists, with Cushman & Wakefield | PICOR, represented the seller in this transaction. Laura Grijalva with Grijalva Realty Corp., represented the buyer. 

To learn more, see RED Comp #6837.

For more information, Mendelsberg can be reached at 520.546.2721.