TUCSON, ARIZONA (May 14, 2025) – Washington-based Costco Wholesale Corporation has acquired Costco Plaza, a 14,519-square-foot retail strip center on 3.81 acres at 3821 W. Costco Drive in Tucson, Arizona, for $4,206,000 (approximately $290 per square foot). The seller was Bay Shore Oil Company Inc. of Huntington Beach, California.

The retail center is adjacent to Costco’s existing warehouse near the high-traffic Ina and Thornydale retail corridor. Current tenants at the center include Complete Flooring, E-Konomy Pool Service & Supplies, and Brett Interiors Leather Furniture Gallery. Situated at the entrance to the Costco complex, the center offers high visibility and customer exposure.

Costco purchased the property to facilitate the expansion of its adjoining gas station, aiming to significantly enhance fuel service capacity and alleviate long-standing traffic congestion at the site. Customer reviews frequently cite long lines and challenging access due to the gas station’s heavy usage. The acquisition aligns with Costco’s broader strategy to expand fuel services in growth markets, including a recent land purchase at The Bridges at Tucson Marketplace for a similar purpose.

These expansion efforts reflect Costco’s continued commitment to improving fuel accessibility and overall customer convenience at its warehouse locations nationwide. The NW Tucson site benefits from a strong retail mix surrounding it, with neighboring anchors such as Home Depot, DSW, and Michaels, further contributing to robust customer traffic.

Dave Hammack, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the seller in the transaction. Greg Laing of Phoenix Commercial Advisors represented the buyer.

For more information, Dave Hammack is at  (520) 546-2712, and Greg Laing is at (602) 734-7207

Reference: RED Comp #11867

Valencia Market, 330 W 29th Street, South Tucson, AZ

TUCSON, ARIZONA (May 14, 2025) – The property at 330 W 29th Street in South Tucson, home to the longtime neighborhood grocery and liquor store Valencia Market, has been sold for $380,000. The transaction closed on April 16, 2025, with Zangana Properties, LLC (Alan Zangana, Member), a Tucson-based investment group and current tenant, acquiring the property from Dafran, LLC of Phoenix (Chang Woo Lee, Member).

Valencia Market is a well-established retail fixture in the South Tucson community, known for offering a wide range of grocery items, convenience goods, and a diverse selection of beer, wine, and spirits. Its central location in a mixed-use area, surrounded by residential neighborhoods and local businesses, makes it a popular stop for nearby residents and passersby.

The acquisition marks a notable owner-occupant investment, strengthening the business’s long-term presence there. The property continues to be operated by Valencia Market LLC, whose agent Perwin Mourad was listed in a liquor license transfer approved by the South Tucson City Council in April 2022, signaling a prior change in management.

Valencia Market’s continued success and investment in the property underscore its role as a vital contributor to the local economy and a trusted source for everyday essentials in the heart of South Tucson.

Reference: RED Comp #11859

TUCSON, ARIZONA (May 9, 2025) —In one of the first industrial real estate transactions of May, 2023 W Price St IOS LLC has acquired a 6,847-square-foot office/warehouse property at 2023 W Price Street in Tucson for $1,245,000 ($181.78 per square foot). The Burk Trust sold the 1.14-acre site.

The buyer, an investor, acquired the property with plans to lease it—capitalizing on the site’s functional layout and strategic location. The building offers a versatile mix of office and warehouse space, a fenced yard, and ample on-site parking in a centrally located industrial zone with direct access to I-10 and key arterial routes.

Max Fisher of BRD Realty handled the transaction.

For more information, Fisher should be reached at 520.465.9989.

Reference: RED Comp #11892.

PHOTOS: 2023 W PRICE ST, TUCSON, AZ 85705