Thursday, January 18, 2018

Volk Company Handles Sale of Several Downtown Tucson Buildings

TUCSON, Arizona -- Quattro Ninos of Tucson (Celia Mata) purchased the two-suite office building at 549 North 6th Avenue in Tucson for $437,000 ($199 PSF). The property consists of two beautifully built-out suites with separate entrances and addresses (549 North 6th Avenue and 180 E 5th Street). Interior features include...

Boy Scouts and Community Foundation Trade Places in Tucson

TUCSON, Arizona -- The nonprofit, Community Foundation for Southern Arizona (Fred Chaffee, Chairman) purchased the office campus at 5049 E Broadway Blvd in Tucson from the Catalina Council of Boy Scouts of America for $2 million ($77.29 PSF) and the Catalina Council of Boy Scouts of America bought the...

UA Junction at Iron Horse Student Housing Sells for $19.32 million

TUCSON, Arizona -- Pierce Educations Properties (PEP) of San Diego, California (Frederick Pierce, President /CEO) has acquired The Junction at Iron Horse, a 232-bed  / 76-unit student housing community located near the University of Arizona at 504 East 9th Street in Tucson. The Junction at Iron Horse is an off-campus...

Northland Enhances SW Portfolio with $50.55M purchase of Villas at San...

Forecasted population growth projected to complement firm’s long-term investment strategy Tucson, Arizona – Northland Investment Corporation, one of the top privately held multifamily owner and operators in the country, announced its acquisition of Villas at San Dorado, 10730 N Oracle Rd, in the Tucson, Arizona suburb of Oro Valley. Northland...

Walgreens in Catalina Foothills Tucson Sells for $3.9 Million

TUCSON, ARIZONA – Walgreens at 4910 North 1st Avenue in Tucson sold to The Clover Company (Paul Craft, CEO) for $3.925 million ($253 PSF) from 4910 N 1st, LLC (Steven M Swanson II, manager). Located at 1st Avenue ad River Road, this net-leased investment is approximately 15,525-square-feet and has been...

Tucson Self Storage sold for $2.775 Million

PHOENIX, ARIZONA -- NAI Horizon Senior Vice President Denise Nunez represented the buyer in the $2.775 million ($4,752 per unit) investment property acquisition of Tucson Self Storage at 6459 E. Golf Links Rd., in Tucson, Ariz. Nunez represented Western Tucson LLC in the transaction. Built in 1976, the property sits...

Seattle Investor makes first buy in Arizona Terra Vista Estates in...

TUCSON, Arizona -- Affiliates of AFK Real Estate Investments, LLC of Scottsdale (Angus Keith, manager) sold the Terra Vista Estates mobile home park in Tucson, AZ for $7.45 million ($58,200 per unit) to a Washington state investor, Terra Vista MHP, LLC, of Seattle, WA (Kazuo and Carol Yamada, members). Tucson...

Tucson Land Speculation / New and Continuing Rolling Option Deals

TUCSON, Arizona -- O.T. Builders, LLC and Mesquite Homes (Jim Campbell, CEO) of Tucson closed on the first of 29 finished lots of a new rolling option at Vail Vista Estates in the southeast submarket for $36,000. Price is a base price plus back end participation in home sales....

Capistrano Apts. and College Town Student Housing Sell for $16.92 Million

TUCSON, Arizona – Capistrano Apartments at 2929 E 6th Street in Tucson sold for $8.6 million ($76,786 per unit) to Daybreak 112 Partners, LLC and CAP 112 Partners, LLC c/o Scotia Group Management of Tucson (Rob Aronoff, CEO) that will handle the management of property. The 112-units are mostly studios...

Ground Lease Sale for El Pollo Loco in Broadway Festival

TUCSON, Arizona -- BV Investment Limited Partnership, LLLP and WV, LLC (Steve Shenitzer and Bill Viner, principals) bought the El Pollo Loco restaurant ground lease at Broadway Festival, 5601 E Broadway Blvd in Tucson for $1.36 million ($42.33 PSF) from CP Venture Partners, LLC and Shenitzer Properties, LLC. El Pollo...

Louis River buys Two Office Condos in Tucson for $1.22 Million

TUCSON, Arizona -- Louis River, LLC (Emil H Annabi, member) purchased a 2,510-square-foot office condo located in the Oracle Medical Plaza Condominiums at 7530 N. Oracle Rd., Suite 200, in Tucson.  The investment property was purchased from Natomand, LLC for $633,000 ($252 PSF).    Isaac Figueroa, Office and Investment Specialist...

Multi-tenant Storefront Near Downtown Tucson Sells for $1.3 Million

TUCSON, Arizona -- Private investor, Brian Cummings of Tucson purchased the storefront building with three tenants at 760 S Stone Avenue in Tucson for $1,314,350 ($202 PSF). The 6,500-square-foot building on a 7,525-square-foot City lot was built in 1928. The property has been beautifully renovated and fully activated with great...
image_print