Sunday, December 9, 2018

South Dodge Business Center in Tucson Fetches $6.5 Million

Tucson, Arizona -- Presson Corporation of Phoenix (Daryl Burton, manager) purchased nine buildings totaling 124,863-square-feet at 3601, 3621, 3631, 3641-3681 E. 44th St. and 3200, 3210, 3220, 3230, 3250, 3300, 3320 S. Dodge Blvd.  in Tucson for $6,491,160 ($52 PSF). The South Dodge Business Center is located near Butterfield Industrial...

International Towers Inc. Sells HQ in $4 Million Sale Leaseback

Marana, Arizona – Two affiliates of Tucson- based, International Towers, Inc. (ITI), ITI Building, LLC and Marana Technology Campus, LLC sold the building it occupies at 8061 West Tangerine Road in Marana for $4 million ($204 PSF) in a sale leaseback transaction.  The buyer is a local investor, I...

El Paso Investor Buys Industrial Building in Tucson for $1.085 Million

TUCSON, ARIZONA -- Anson Arbor, LLC purchased a 10,760-square-foot industrial building located at 4030 N. Highway Dr. in Tucson, from Orvieto Investments, LLC for $1,085,000 ($100 PSF) in an investment sale. The property is northeast of Prince off I-10 and leased to Team Fishel, a national provider of utility engineering,...

Micro-Hospital Site Sells in Marana at Cortaro Ranch

MARANA, ARIZONA – Cortaro Commercial JV, LLC sold 3.86-acres at 5600 West Cortaro Farms Road in Cortaro Ranch, off I-10, for $966,650 (5.75 PSF) in Marana. The buyer is Marana Micro-Hospital, LLC, an affiliate of Beaumont Surgical Hospital Partners of The Woodlands, TX plan to construct a 40,000-square-foot micro-hospital...

Two NNN Investment Sales in Tucson Sell at an aggregate of...

TUCSON, ARIZONA – Chuy’s Mesquite Broiler at 7101 East 22nd Street in Tucson sold for $1.19 million ($474 PSF) in an absolute triple net investment sale to a Family Trust in Fort Bragg, California. The fee simple interest in the 2,510-square-foot restaurant on a 21,384-square-foot lot sold 100% leased to...

C&W Picor closes on two Apartment Complexes for $2.79 Million

TUCSON, ARIZONA -- The multifamily team of Allan Mendelsberg and Daniel Leibsohn at Cushman & Wakefield | Picor in Tucson closed on several apartment complexes with and aggregate of $2.79 million and 50-units. La Promesa Homes, LLC purchased La Promesa Apartments, a 40 unit complex located at 2485 N. Alvernon...

Circle K Closes on Five CST Corner Stores for $5.16 Million

TUCSON, ARIZONA -- The Canadian parent company of Circle K, Couche-Tard, that owns San Antonio-based Corner Stores brand of convenience stores, closed on five Tucson locations last week for $5.16 million in a bulk sale, or an average sales price of $1,092,475. If your Corner Store hasn’t rebranded yet, it...

Richmond and D.R. Horton Restocking 158-Lots in Tucson area this Month

TUCSON, Arizona – On the eve of the release of NAR Pending Home Sales Index (PHS) April report, a leading indicator of housing activity, based on what we are seeing here in Tucson we predict it to be a positive one for the third month running.  Two major homebuilders,...

Surf Thru Express Car Wash Buys New Site at Grant &...

Tucson, Arizona - Surf Thru, Inc. closed on its third site in the Tucson area last week. The Bakersfield, CA-based quick service carwash chain paid $700,000 ($14.90 PSF) for 46,986- square-feet of land located at 6307 E. Grant Road, Tucson, AZ. It is at the northeast corner of Grant...

HSL Acquires Apartment Site at Marana Center for $3.7 Million

MARANA, ARIZONA -- Tucson-based, HSL Properties, doing business as HSL Marana Center Apartments, LLC, has purchased a 13.59-acre Multifamily Development Site, adjacent to the Tucson Premium Outlets, for the future construction of a 285-unit apartment complex. Located southeast of Twin Peaks and Linda Vista, the site, known as Marana Center...

Marana Marketplace Footprint Pads Sell for a combined total of $2.4...

MARANA, ARIZONA – An affiliate of Larsen Baker, Marana Marketplace Partners, LLC (George Larsen, manager) sold two pads recently at Marana Marketplace at the southwest corner of Orange Grove and Thornydale Roads in Marana, Arizona. The first transaction, lot 2, is 18,381-square-feet and sold for $1.025 million ($55.76 PSF) to...

Tucson’s University Villa Student Housing Sold for $17.45 Million

Cushman & Wakefield Negotiates Sale to Clear Sky Capital PHOENIX, Arizona – Cushman & Wakefield completed the sale of University Villa at Ironwood, located at 2550 W. Ironwood Hill Drive in Tucson, Ariz. March Investment, LLC, an entity formed by Phoenix-based Clear Sky Capital, purchased the property from SFC Sterling...
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