TUCSON, AZ (July 1, 2025) — Power Road-Williams Field, LLC, an investment entity managed by Francesca Mucarello of Mesa,  has acquired a prime retail property at 2960 North Campbell Avenue in Tucson. The sale closed on June 12, 2025, at a recorded price of $8,323,200 ($1,030. PSF). The seller was Phoenix-based CBDG Campbell that purchased the former Old Chicago Restaurant in 2021 for conversion into two Fox Restaurant Concepts.

The 8,082-square-foot property is fully leased to Fox Restaurant Concepts, housing two of its successful brands: Doughbird and Flower Child. Situated in the Campbell Plaza shopping center – home to Albertsons, Ross, Ace Hardware, World Gym, and Panda Express – the property benefits from strong foot traffic and a high-demand retail corridor just west of the University of Arizona.

Campbell Plaza serves a dense trade area of approximately 272,000 residents within a five-mile radius, with an average household income exceeding $95,000. The tenants operate under long-term triple-net leases, which include annual rent escalations and require tenants to cover common area maintenance, property taxes, and insurance, offering investors a predictable and passive income stream.

The property has a long-term primary lease with 13 years remaining for both tenants with attractive triple net lease structures, and percentage rent clauses on both for potential upside.

Fox Restaurant Concepts has over 142 locations nationwide.

Chris Hollenbeck and Shane Carter of the Cushman & Wakefield – Phoenix office brokered the transaction.

The acquisition reinforces continued investor confidence in Tucson’s core retail corridors, where a mix of national and regional tenants—paired with strong demographics and limited supply—have contributed to historically low vacancy rates and resilient asset performance.

Power Road-Williams Field, LLC is a private real estate investment group with a focus on high-quality retail and mixed-use properties across the Southwestern U.S. The firm’s acquisition of 2960 North Campbell marks a strategic addition to its growing Arizona portfolio.

For more information about the transaction or available retail investments, Hollenbeck can be contacted at 602.224.4475, and Carter is at 602.224.4442 in Phoenix.

Reference: RED Comp #11956.

TUCSON, Ariz. (June 27, 2025) – The two-tenant retail building located at 2320 N. Silverbell Road in Tucson has sold for $2,553,142 ($486 per square foot) to BSGordon Holdings Two, LLC, an investment group based in Malibu, California. The seller was Volk Vista One, LLC, and 2320 N Silverbell, LLC, both Tucson-based entities affiliated with VOLK Company.

Jeramy Price of VOLK Company served as the exclusive listing broker and represented the seller in the transaction, which closed on June 18, 2025.

Originally built in 1992, the 5,209-square-foot building underwent extensive renovations in August 2024, including new storefront glass, upgraded façades, and site improvements designed to attract national and regional tenants. The building also includes a 675-square-foot outdoor patio.

At the time of sale, the property featured 2,300 square feet leased to Filiberto’s Mexican Food under a long-term lease agreement. While in escrow, a second tenant leased the remaining space, which will operate as a German beer garden concept,  Biergarten Tucson, expected to open in Fall 2025, further bolstering the center’s tenancy and income profile.

Situated at the signalized, high-traffic intersection of Silverbell and Grant Roads, the site offers ~249 feet of direct frontage and excellent visibility. It benefits from strong traffic counts, proximity to dense residential neighborhoods, and immediate access to Interstate 10, making it a high-demand location for food and service-based retail tenants.

The retail center is located within a designated Opportunity Zone, providing additional tax incentives for qualified investors.

“This asset presented a unique blend of location, recent capital improvements, and tenant stability,” said Jeramy Price at VOLK Company. “The buyer recognized the long-term value of this westside retail corridor and moved decisively to acquire it.”

The property was previously occupied by Famous Sam’s and was purchased by VOLK Company in January 2023 as a value-add opportunity to reposition it for lease-up and resale. That vision was realized through thoughtful renovations and targeted leasing strategies, which brought strong investor interest.

The investor intends to hold the asset as part of its national portfolio of income-producing retail properties.

For more information, contact Jeramy Price at 520.441.4771 or visit www.volkco.com.

Reference: RED Comp #11965.

TUCSON, AZ (June 25, 2025) — Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Westside Commons, an 84-unit apartment property located at 1335 West St. Mary’s Road in Tucson, Arizona. The asset sold for $10,750,000.

“Following a comprehensive and well-executed renovation program, Westside Commons is now well-positioned for the next phase of performance. With substantial capital already deployed to enhance the asset, new ownership can shift focus toward operational execution and NOI growth without the burden of a major repositioning effort,” said Hamid Panahi, senior managing director. Panahi and Clint Wadlund, managing director, both in the firm’s Tucson office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was also procured by Panahi and Wadlund. “Located just west of Downtown Tucson, and driven by healthcare, education, manufacturing, and retail employment generators, Westside Commons offers both commuter convenience and access to an expanding resident base with strong demographic tailwinds,” adds Wadlund.

Westside Commons consists of five adjoining multifamily buildings, built in 1983, situated in Menlo Park, just west of downtown Tucson, near the Mercado District, and along Interstate 10. The property offers 84 units, comprising a mix of 40 one-bedroom and 44 two-bedroom floor plans, and was marketed as a value-add opportunity. The total square footage is 47,948 square feet; rental listings indicate monthly rates ranging from $850 to $1,150.  Amenities include a pool, a playground, on-site laundry facilities, and the property is pet-friendly.

The Westside Commons Tucson sale reflects continued demand for infill multifamily properties, where moderate rents, job growth, and renewed infrastructure investment have supported strong demand. No brokerage firms were officially disclosed in the deal, though several Arizona-based investment teams have previously marketed the property.

The new ownership group is expected to implement targeted upgrades to units’ interiors and common areas, with a focus on long-term tenant retention and property performance.

For more information, Panahi can be reached at 520.719.6511 and Wadlund is at 520.719.6524.

Reference RED Comp #11967