TUCSON, Arizona — Allen Yadgari and Mike Yamin of Beverly Hills, Calif. purchased three mobile home parks in Tucson with a combined total of $4,628,000 ($23,979 per space) for the 193 total spaces.

The parks included Desert Haven mobile home park at 3332 N Romero Road with 54 spaces, Sun City Rentals at 2444 N 14^th Avenue with 46 spaces, and Desert Shores mobile home park at 1067 W Miracle Mile Road and 2823 N Fairview Ave. with 93 spaces.

All three properties are in the Central submarket near each other within a mile.

The bulk sale prices as recorded in three transactions were allocated to custom fit the buyers’ 1031 exchange.  The seller was also a California investor from Costa Mesa, Calif.

Each of the parks had rent to own contracts and each had a small percentage of apartment units.

Jeff Ferenz with Jeffrey Alan Adam of Phoenix who handled the transaction for the buyers told us this was not the first mobile home park purchase in Tucson for the buyers.

For additional information, Farenz should be reached at 602.264.6041.

TUCSON, ARIZONA – The industrial back office building at 2425 E Medina Road in Tucson Commerce Center sold for $6.1 million ($127 PSF) in an off-market transaction.

The 47,775-square-foot building on a fenced 4.52 acre lot was built in 1975, and has been used as a call center since closing when Burr Brown was acquired by Texas Instruments in 2000.  The interior build-out consists of five training rooms, a control and monitoring room, an exterior metal shade canopy, handicap ramps, a new generator, UPS, transfer switch and related electrical gear upgrade for the call center.

The seller, Boston-based Intercontinental Real Estate Corporation, an SEC Registered Investment Adviser, was represented by Bill DiVito and Jesse Blum with CBRE in Tucson. The buyer was Descanso Medical Plaza LLC of Sierra Madre, CA (Michael Sharp, manager).

At time of sale, the property was fully leased to Synchronoss Technologies as a Call Center employing about 400 people at this location which is managed by CoWorx Staffing. The call center operates 18 hours per day, 7 days per week.

Synchronoss Technologies, Inc.  (NASDAQ:SNCR) is a leader in mobile cloud innovation for mobile carriers, enterprises, retailers and OEMs around the world. The innovative software company helps both service providers and enterprises realize and execute their goals for mobile transformation with simple, powerful and flexible solutions. The company serves millions of mobile subscribers and a large portion of the Fortune 500 worldwide.

For more information, DiVito can be contacted at 520.321.3339 and Blum should be reached at 520.321.3335.

To learn more, see RED Comp #4949 and for more listings see RED Listing Registry.

TUCSON, Arizona — HA Arizona Properties of Tucson (Riad Altoubal, manager) has purchased the former Molina’s Restaurant at 1138 N Belvedere Ave. in Tucson for $429,500 ($79 PSF) to be owner occupy for expansion and relocation of Zayna Mediterranean Restaurant. Zayna, a popular local spot, specializes in Lebanese and Syrian dishes.

Currently located in a smaller leased space at 4122 E. Speedway, the buyer was attracted to the new location for the addition space and parking that is offers.  With four large dining rooms and enough seating for 200 people, the new restaurant is significantly larger than Zayna’s current location inside what used to be Feast.

Molina’s restaurant which closed in May had occupied the premises for 64 years.

Esther Empens with Tierra Antigua Realty represented the buyer and Michael Laatrsch with CBRE Tucson represented the seller, La Familia Restaurants LLC and Los Cinco Hermanos LLC of Tucson.

The purchase was made possible with an SBA loan. Opening date at new location is anticipated by this Fall.

For more information, Empens can be reached at 520.271.5585 and Laatsch should be contacted at 520.323.5191.

To learn more, see RED Comp #4890 and for more listing such as this go to RED Listing Registry.