TUCSON, ARIZONA – A new Burger King is planned at Interstate Commerce Park in Tucson. Phoenix- based, Laird Real Estate, LLC (Michael Laird) an affiliate of Laird Management purchased a 47,916-square-foot pad, approximately 1.1 acres, north of the northeast corner of I-10 and Rita Road for a built-to-suit restaurant site.

The site pad commanded a sale price of $500,000, or $10.43 PSF.

Laird Management is an Arizona family owned company that manages and operates over 30 Burger King restaurants statewide. Laird Management’s founder, Mitchell C. Laird, is a practicing attorney for 40 years with 20 years’ experience as a Burger King franchisee. Michael Laird purchased the company from his father, Mitchell and is one of the largest Burger King franchisees in Arizona. Laird Management employs over 600 employees and boasts a management team with combined years of loyalty, service and experience in excess of 100 years.

Michael Laird also currently serves as president of the Southwest Franchisee Association and is a member of the board of directors of the Arizona Chamber of Commerce.

Brian Woods of Colliers International represented the buyer, Laird Real Estate. The seller was Tucson-based developer, Diamond Ventures, Inc., that was self-represented in the transaction.

The transaction closed on June 29, 2018.

For more information, Brian Woods, Senior Vice President | Retail Properties, can be reached at 602.222.5026.

To learn more, see RED Comp #5966.

TUCSON, Arizona – The multi-tenant office building at 17 West Wetmore in Tucson sold for $1.25 million ($58 PSF). A 21,473-square-foot 3- story building, built in 1984, has a total of 19,409-square-feet leaseable with approximately 7,375-square-feet (38%) occupied at time of sale.

The property was lender owned by Commercial Loan Investment III, LLC of New York when it sold in this REO sale. The investor is Coronado Tower, LLC of El Paso, Texas (Scott Walker and Land Gaddy, managers) that purchased it for upside potential.

Located across the street from Tucson Mall just off Oracle Road and a short distance to I-10 and downtown, it is an excellent location with lots of dining options close by. With lots of upside on new leases that are currently under market rates at full-service terms.  Building has client parking in the front and covered parking for the tenants behind the building on 1.13 acres. The 3-story building is also elevator served.

Major tenants in the building at time of sale included Total Care Connections, Phyllis Conrad, CPA and the Dr. Kelli Ward for U.S. Senate campaign office.

Dan Smith with Arizona Elite Commercial in Gilbert represented the seller in the transactions and the buyer was self-represented.

Tom Nieman with Cushman & Wakefield | Picor of Tucson has been contracted to handled the leasing and the Picor Management the property management.

For more information, Smith can be reached at 480.907.7420 and for leasing information, Nieman should be contacted at 520.546.2728.

To learn more, see RED Comp #5933.

TUCSON, Arizona — Jeramy Price of Volk Company in Tucson represented Quananhdai, LLC of Tucson (Quan Le, member) in its purchase of the 2,650-square-foot building, built 1998, and 28,260-square-feet of land at 5010 South Campbell Avenue in Tucson.

The property commanded a sale price of $650,000 ($245 PSF) fully leased to KFC.

The seller was Tucson-based Estate of Jackie L. Shettlesworth, Marilyn W. Velde, Kimberly Thorpe, and Velde Family Trust dated September 5, 2012.

Jeramy Price concurrently represented the buyer, Quananhdai, in the lease of the building to SWT Arizona Investments, LLC, that will continue to operate KFC at the location.

For more information, Price should be contacted at (520) 326-3200.

To learn more, see RED Comp #5779.