Thursday, June 27, 2019

Newly completed Ina & I-10 Interchange has Jack in the Box...

MARANA, ARIZONA -- Ina QOF, LLC an affiliate of I Chief, LLC, purchased the former Quick Mart at 4479 West Ina Road in Marana, at Ina & I-10, for construction of a Jack in the Box restaurant.  The .71 acres has a 1,071-square-foot building to be razed and was...

Additional Apartment Units Proposed for Downtown Tucson in Two New Projects

Developer Ross Rulney wants to build 144 market-rate apartments in two separate downtown Tucson projects TUCSON, ARIZONA -- Fifth Avenue Partmers OF, LLC (Ross Rulney, Manager) recently acquired the former Codac Behavioral Health building at 111 and 127 South Fifth Avenue in Tucson for $1.775 million ($175 PSF or...

Starbucks at former Chad’s Steakhouse Site Sells for $2.15 Million

TUCSON, Arizona – Wong Family Limited Partnership acquired the Starbucks Coffee restaurant at 3001 N Swan Road for $2.15 million ($817 PSF) as a triple net investment. The seller, ADG Swan LLC (Steve Grimm and Marcel Dabdoub, members) an affiliate of Aspen Development Group, bought the former Chad’s Steakhouse site...

Former Grant Road Lumberyard sells for $2.7 Million

TUCSON, Arizona – A group of Tucson investors, CA 36th Street American, LLC, purchased the former Grant Road Lumber Contractor Yard at 3361 East 36th Street from Tucson-based, SDS Land and Building Company, LLC, the owners of former Grant Road Lumber, for $2.7 million ($64 PSF) with 42,016-square-feet of...

Quincy Media Closes on KVOA-TV in Tucson

TUCSON, Arizona -- Quincy Media Inc. (QMI), the owner operator of The Herald-Whig and WGEM-TV/Radio has completed purchase of KVOA-TV, the NBC affiliate serving Tucson area. The 35,021-square-foot building and transmission towers at 209 West Elm Street in Tucson sold for $2.2 million ($63 PSF).  Built in 1971, the...

Oracle Road Retail Sells for $2 Million and Leaseback

TUCSON, Arizona – Oxford Realty Investments III of Tucson (Doug March, manager), a group of local investors, purchased the retail shops at 7366 N Oracle Road in Tucson for $2 million ($200 PSF).  The three-tenant retail center was sold by AM Oracle Building, LLC (Alan Miklosky, manager) the owner...

Tucson’s Senior Housing Specialist Closes on 16-Bed Assisted Living Facility

TUCSON, ARIZONA -- A California buyer purchased a licensed 16-bed assisted living facility at 250 S Vozack Lane in Tucson for $600,000 ($37,500 per bed). The sellers, Stanley and Sharyl Young, had run the successful facility for 24 years prior to selling. Licensed for 16 residents, the property had been vacant...

Former Tucson FedEx Ground Distribution Building Sells for $4.305 Million

TUCSON, Arizona – The former FedEx Distribution building at 777 E MacArthur Circle sold for $4.305 million ($37.79 PSF). The 113,920-square-foot building (build in 1985) on 5.96 acres was purchased for investment by MacArthur Investments, LLC (Robert Assenmacher, member). Brandon Rodgers, SIOR, CCIM with Cushman & Wakefield | Picor represented...

Marcus & Millichap Arranges the Sale of 44-Unit UA Portfolio in...

TUCSON, Arizona  – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Good Rain, a 34-unit complex,  9th & Bean, an 8-unit apartment, and East Adams, a duplex, all located near the...

Micro-Hospital Coming to La Estancia MPC in Tucson

TUCSON, ARIZONA – Sunbelt Holdings, the developer of La Estancia MPC, the latest master planned community in Tucson, is gaining a Micro-Hospital at its award-winning community. Tucson Micro-Hospital, LLC, an affiliate of Tenet Healthcare Corporation, bought 3.96 acres of raw land for $690,600 ($4 PSF) to construct a 25-bed...

Medical Office Portfolio in Tucson sells for $13 Million

TUCSON, ARIZONA – Healthcare Realty Trust of Nashville, TN sold a medical office portfolio totaling 67,745-square-feet across four buildings in Tucson, Arizona for $13 million ($192 PSF) to a joint venture between Texas-based Pisula Development Company and Harrison Street of Chicago. Pisula Development Company (PDC) and its affiliates form a...

Office Building at Camp Lowell Corporate Sells for $2.37 Million

TUCSON, ARION -- Labrador Capital, LLC (Robert Assenmacher, manager) purchased a 10,120-square-foot office building located in Camp Lowell Corporate Center, 4544 E. Camp Lowell Dr. (Building. K) in Tucson, from RLP Building, LLC (Rick Gregson, member) for $2.37 million ($234 PSF). The two-story Class “A” office building is the signature...
image_print