TUCSON, Arizona – Scorpion Technologies, LLC of Tucson (Carlos E Garcia, manager) purchased the 9,014-square-foot former Dollar General store at 155 W Valencia Road in Tucson on 1.26 acres.

The property commanded a sale price of $630,000 ($70 PSF).

Earl Hyman with Marcus & Millichap of Encino, California handled the transaction for the seller, a California Trust in Woodland Hills, Calif.

Hyman told us the property had been vacant for 60 days by Dollar General before selling.

The buyer, a local Engineering Firm intends to convert the retail building into office space.  Scorpion Technologies LLC was created by Scott D. Thomas and Carlos E. Garcia, two engineering professionals who have over 30 years of experience in the area of rapid product development and innovative systems engineering solutions. Services include PWB assembly, harnessing, breakout box assembly, electrical enclosure assembly, test equipment assembly and rack and stack.

The buyer’s agent was Cassandra Mosser of Marcus & Millichap in Phoenix.

For more information, Hyman can be reached at 818.212.2770, Mosser can be contacted at 602.687.6654 and Scorpion Technologies’ phone number is 520.419.1448 or visit https://scorpioneng.com/

To learn more, see RED Comp #6004.

SAHUARITA, ARIZONA – WG Sahuarita Holdings, LLC an affiliate of Whirlygig Properties of Tucson (Lynn Taylor and Barry Kitay, principals) sold an outpad fully leased in the Walmart Center, 718 W Calle Arroyo Sur in Sahuarita. The buyer, Ace Properties #5, LLC of Tucson (Michael Adams, manager) was in a 1031 exchange when purchasing the property.

The outparcel commanded a sale price of $4.254 million ($250.68 PSF).

Whirlygig was developer and builder for the Madera Marketplace outparcel. The 16,970-square-feet of retail space on a 2.9 acre outparcel at Madera Marketplace was built to suit by Whirlygig for two tenants, Rubs Massage Studio. And Goodwill of Southern Arizona in 2013.

Whirlygig is the exclusive representative for Goodwill Industries of Southern Arizona and occupies 14,400-square-feet in the building. The other tenant, Rubs Massage Studio, a Tucson-based business since 2004, occupies 2,500-square-feet. This is Rubs sixth location in the Tucson region, plus two Spa Soleils, and its latest location in Chander, Arizona.

Madera Marketplace is immediately east of the full diamond interchange at Interstate 19 that connects the Sahuarita trade area with Tucson and Nogales, it is anchored by such tenants as Super Walmart, Walgreens, Wells Fargo, Bank of America and Carl’s Jr. and across the street from a new Sprouts.

For more information, Taylor can be reached at 520.546.9003. To contact Goodwill call 520. 623.5174 or Rubs at 520.887.8866.

To learn more, see RED Comp #6035.

[mepr-show rules=”58038″]Sale date: 7/26/2018 Document: 2018-200503 Cap rate: 7% This was the buyer’s upleg in a 1031 exchange.[/mepr-show]

TUCSON, ARIZONA – The ground lease for Oregano’s Pizza Bistro at 4884 S Landing Way at the Irvington and I-19 Commercial Center, Tucson’s The Landing Shopping Center sold for $1.67 million ($53.40 PSF).  The 31,275-square-foot pad sold in this transaction. Built in 2017, the 3,520-square-foot building was already owned by the buyer, Lloyd Thompson of Medford, Oregon and the lease with Oregano staying in place.

Developer of The Landing is an affiliate of Bourn Companies, Irvington Interstate Partners, LLC (Don Bourn, Manager).

Jamie Medress with Marcus & Millichap of Phoenix handled the ground lease sale for the seller.

Other new construction activity at The Landing include a new 5,500-square-foot Red Robin restaurant scheduled to open on September 3, 2018.

There will soon be two new anchors opening at The Landing; Planet Fitness and Hobby Lobby both freestanding buildings are under construction.

Brigham “Brig” Stevens, Asset Manager at Bourn Cos. told us The Landing has attracted several other tenants announced last year by Bourn Cos., including T-Mobile, Jersey Mike’s Subs, Southern Arizona Urgent Care, Long Realty, Chipotle and Taco Bell.

For more information on opportunities at The Landing, Medress should be contacted at 602.687.6700 and Stevens can be reached at 520.318.6717.

To learn more, see RED Comp #6068