MARANA, AZ —  The LeClaire Group of Marcus & Millichap (NYSE: MMI) of Denver brokered the sale of National RV Central, a 125,015-square-foot enclosed RV storage facility located at 6260 North Travel Center Drive in Marana, AZ for $6.74 million ($54 PSF). Located in the Orange Grove I-10 Plaza, the seller was also the developer of the property and the 21-acre Plaza in 2006.

Thomas Parsons, Investment Associate, and Adam Schlosser, Senior Vice President Investments, had the listing to market the property on behalf of the seller, NSS RV Central OG, Limited Partnership, a local partnership with the Schomac Group (Dennis Winans, CFO).

“This is one of the largest fully enclosed and climatized RV storage facilities in the country which helped drive interest from nationwide investors,” said Parsons. The buyer was a national private self-storage operator, In Self Storage, based in Colorado. This is the buyer’s first investment in the Tucson market.

RV Central sits on 7.03 acres and in addition to this the buyer purchased an additional 2.42 acres of vacant land for an aggregate value of $583,458 ($5.54 PSF) for future expansion. Gordon Wagner with NAI Horizon in Tucson handled the lot sales.

National RV Central is the only fully enclosed and climate-controlled RV and boat storage option in this market. Built in 2006, the facility is comprised of 112,115 NRSF of indoor climate-controlled RV storage, 5,100 NRSF of traditional drive-up self-storage, and a 7,800 NRSF service bay rented to a third party.  There is no outside storage, 100 percent of the RV and boat storage is fully enclosed.  The property is strategically located next to Interstate 10 (I-10).

Because of the tall buildings and prominent signage, the facility is very visible to all 110,000 vehicles which drive by each day.  The property is situated in a populated area with approximately 130,279 people and 53,233 households in a five-mile radius with an average household income of $72,389.

For additional information, Parsons and Schlosser can be reached at 303.328.2068 and Wagner can be contacted at 520.398.5130.

To learn more, see RED Comp #6661, #6734 and #6738.

HSL continues to grow its eastside holdings with addition of prime Houghton road parcel

TUCSON, Arizona – HSL Houghton Apartments, LLC, and affiliate of Tucson-based, HSL Properties (Omar Mireles, president) closed on a second site in the Vail submarket for $4.083 million from Mattamy Homes.

The approximate 17 acre site is located in Saguaro Trails Master Planned Community, a successful new community by Mattamy that opened last February to respond to the pent-up demand for housing in the area. The HSL Apartment site is on Houghton Road across from the well-known environmentally friendly community of Civano in southeast Tucson.

Will White and John Carroll of Land Advisors Organization handled the transaction

“It is an excellent parcel and location, no question about it. The Houghton corridor continues to see strong record demand for all types of residential uses,” said White. “The Vail area is seeing some of the best data in the Tucson market right now and we do not see this slowing down for many years. It has an excellent school district, growing list of retail and restaurant amenities, convenience to Tucson’s employment core, and strong aesthetics.”

HSL recently broke ground on the first luxury apartment community for Vail, Encantada at Rita Ranch at 9410 E Valencia Road is at the southeast corner of the Valencia and Nexus. With 312-units under construction, this new site on Houghton will be HSL’s second luxury community for Vail.

The Encantada at Rita Ranch, like other Encantada luxury apartments, will include a clubhouse with a fully equipped fitness room, rental room for parties or special gatherings, a movie theater room, and a swimming pool.

See related story here: https://realestatedaily-news.com/hsl-bringing-first-luxury-apartment-community-to-vail-submarket-in-tucson/

For more information, White and Carroll should be reached at 520-514-7454.

Union on Sixth Brings 165 market rate apartments and 7,000 SF additional commercial / retail space to 4th Avenue

TUCSON, ARIZONA – GEdR Union on 6^th, LLC recently closed on an assemblage of 1.4 acres at the southwest corner of Sixth Street and Fourth Avenue in Tucson for $5.5 Million ($89.63 PSF) for land value.

The project has been in planning for several years an delayed with concerns over the changes in appearance that it would happen to uniique 4^th Avenue.

Discussions between stakeholders over this infill project has finally resulted in approval of the Historic Preservation Zones where it will sit and the Individual Parking Plan (IPP) approval.

Union on 6^th will consist of two buildings. The one along Herbert Avenue will split the development into a 40,540-square-foot East Building and a 125,065-square-foot West Building.

The plan GEdR requested was for the transit-oriented development including bicycle accommodations and public transportation is to have 209 parking spaces on the basement level and ground floor level of the western building in addition to on-street parking.  The project is to house 165 multi-family market-rate apartment units and approximately 6,900-square-feet of retail/commercial space.

Union on Sixth will bring about 300 new residents to the area, living in the 165 market rate apartments.  GEdR is hoping to market the apartments to young professionals, empty nesters and graduate students looking to live around 4th Avenue.  The final plan shows that 65 percent of the units will be studio, one-bedroom or two-bedroom units with the other 58 units are 3-bedrooms.

In regards to the multiple retail/commercial units, 6,900-square-feet worth, The 4th Avenue Merchants Association has been working with GEdR to make sure that only local tenants will occupy these ground floor units.

One point of misconception concerning this project from the beginning seems to have been the height of the project.  It has always been presented as “The 7-story development replacing The Flycatcher on 4th Avenue.”  In reality, the portion of the building fronting 4th Avenue will be 2 and 3 stories in height.  While the eastern building does eventually step up to 5 stories, it is set back from 4th Avenue and 6th Street by at least 50 feet.  Building #1, the western building, does sit at 7 stories, although it steps down to 2 stories (25 feet) where it fronts 6th Street and is separated from 4th Avenue by more than 200 feet and Herbert Avenue.

Tony Reed with Long Realty in Tucson represented the buyer, GEdR Union on 6^th, LLC. Phil Lipman with Bright Properties of Tucson represented the sellers, Four Emeralds / Flycatcher at 340 East 6^th Street and Honeybadger Happenings, LLC and Tigre Properties I, LLC at 422 and 424 North 5^th Avenue and 316 East 6^th Street.

For more information, Reed should be reached at 520.918.5189 and Lipman can be contacted at 520.906.7215.