TUCSON, ARIZ. (July 9, 2025) – The property at 333 W Cool Drive in Northwest Tucson, home to Sahuaro Vista Veterinary Clinic, has been sold in a sale-leaseback transaction for $1,575,000 ($625 PSF).  The seller, Dr. Andrew Carlton of Tucson, is the founder and managing veterinarian of the clinic, which has operated at this location for more than 23 years. The buyer was LHRE W Cool Dr Tucson, LLC, an investment entity affiliated with LHRE Fund Holdings, LP,  based in Dallas, Texas.

The 2,520-square-foot veterinary clinic was built in 1990 and brokered by Alvin N. Mansour and Ryan Sarbinoff of Marcus & Millichap, who marketed the property as a corporate-backed net-leased investment with a strong tenant and long-term lease in place. The lease includes a two percent annual rental increase throughout the initial term and renewal options. It is guaranteed by National Veterinary Associates (NVA), one of the world’s largest veterinary and pet care service providers. NVA operates more than 1,500 veterinary clinics, animal hospitals, and pet resorts, generating approximately $6 billion in annual revenue. The company is majority-owned by JAB Holding Company, which is controlled by the Reimann family, one of the wealthiest families globally, with an estimated net worth of $20 billion, according to Forbes.

Sahuaro Vista Veterinary Clinic is situated just off Oracle Road (State Route 77), a high-traffic arterial route with over 42,000 vehicles passing through daily. The site offers excellent visibility and signage and sits within one of the region’s most established and economically vibrant commercial and healthcare corridors. The surrounding area includes a dense mix of dental, dermatology, and urgent care centers, creating a strong synergy for pet-owner convenience and cross-referral potential.

The property is situated in a densely populated and affluent trade area, with over 139,000 residents within a five-mile radius and average household incomes exceeding $109,000 within a three-mile radius. It is surrounded by growing residential neighborhoods, apartment complexes, and townhome communities that continue to expand, supporting a steady demand from pet-owning households.

With pet ownership on the rise and Arizona ranked among the top 10 states for pet ownership, the veterinary real estate sector remains one of the most resilient investment categories. Healthcare and veterinary-related properties are widely regarded as internet-resistant and recession-proof, with long-term performance driven by service-based demand and demographic growth.

The sale of 333 W Cool Drive highlights continued investor confidence in essential healthcare assets and reflects a broader trend toward institutional interest in veterinary-anchored net-leased investments.

For more information, Sarbinoff can be contacted at 602.687.6700, and Mansour is at 858.373.3185.

Source: RED Comp #11954.

Tucson, AZ (July 8, 2025)  – A beautifully restored Queen Anne Victorian home in downtown Tucson has sold for $1,400,000 ($265 PSF) —just four days after hitting the market—highlighting the strong demand for historic commercial properties in Tucson’s urban core. The property, located just west of the University and courthouse districts, was purchased by South & Wright Holdings, LLC, managed by Tucson attorney Dan South, who will relocate his law firm, South & Wright, PLLC, to the site at 505 S 6^th Avenue.

The seller was The Richard K. Rosenberg Revocable Living Trust, and Tony Ray Baker handled the listing with RE/MAX Professionals. Ryan Shirley with NAI Horizon represented the buyer in the transaction. This sale highlights the growing interest in Tucson’s urban commercial properties, particularly those offering a blend of historic architecture and functional modern upgrades.

Built in 1902, the Queen Anne Victorian includes four offices (formerly bedrooms), three bathrooms, coffered ceilings, wainscoting, original hardwood floors, and a fully updated kitchen featuring stainless steel appliances, granite countertops, butcher block island, and tiled backsplash—ideal for use as a staff kitchen or breakroom. Additional updates include new HVAC systems, Nest thermostats, smart locks, and modern lighting, making the space turnkey for commercial office use.

The property also features three fully equipped rental units located at the rear of the lot: a two-bedroom unit, a one-bedroom unit, and a studio apartment. These units are separately metered and supported by off-street parking, a rare amenity in the downtown Tucson area, and will also be converted to office space.

“This was a highly unique offering in Tucson’s downtown market—an architecturally significant property with professional flexibility and built-in rental income,” said Tony Ray Baker. “We had multiple offers and are currently marketing its identical twin next door, which presents an additional opportunity for business owners or investors who appreciate classic design and walkable location.”

Located minutes from 4th Avenue, the University of Arizona, and the legal district, the property will now return to its former use as a professional law office, continuing its long-standing role in Tucson’s commercial fabric while preserving its architectural heritage.

For more information, contact Tony Ray Baker at (520) 631-8669 or Ryan Shirley at (520) 326-2200.

Source: RED Comp #11953.

TUCSON, Ariz. (July 2, 2025) – Komatsu America Corp., a global leader in construction and mining equipment, has acquired the industrial property at 3285 E 44th Street in Tucson, Arizona, as part of its recent acquisition of Core Machinery’s southwestern dealership network. The transaction closed on June 12, 2025, with a recorded sale price of $3,119,504 ($143 PSF).

The 44th Street property, previously operated by Core Machinery, has now become a fully integrated Komatsu-owned facility. Located within Tucson’s South Industrial submarket, the site serves as a key regional hub for the sale, service, and support of heavy equipment.

Komatsu announced the broader acquisition of six Core Machinery locations, including Tucson, on June 9, 2025, as a strategic effort to strengthen its direct distribution and customer service capabilities in the Southwest. In an official release, Komatsu stated:

“This acquisition allows Komatsu to expand its support for construction and mining customers in Arizona, New Mexico, and West Texas. We are committed to continuing Core Machinery’s legacy of service while providing access to Komatsu’s global resources and technology.”

The seller of the Tucson facility was Core Machinery, headquartered in Phoenix, Arizona. The buyer, Komatsu America Corp., is based in Chicago, Illinois.

Source: RED Comp #11958