Thursday, June 27, 2019

Two Carl’s Jr. Properties Sold for $3.4 Million

Cushman & Wakefield sells Glendale and Tucson fast food restaurants PHOENIX & TUCSON, Arizona – Cushman & Wakefield completed the sale of two Carl’s Jr.’s for a total of $3.4 million. The properties located at 1880 E. Broadway Boulevard in Tucson, Ariz. and 5775 W. Northern Avenue in Glendale, Ariz....

United Flea Markets Acquires Tanque Verde Swap Meet in Tucson for...

The acquisition marks the company’s first property in Arizona as well as its first venue with nighttime hours Denver, Colo. – Denver-based United Flea Markets, owner of the largest portfolio of flea markets in the country, has acquired the Tanque Verde Swap Meet at 4100 S Palo Verde in Tucson, Arizona for $7 million...

Three Value-Add Apartments Sales in Tucson Total $4.85 Million

TUCSON, ARIZONA -- Joseph Bernard Investment Real Estate with offices in Oregon, Washington and Arizonaclosed on three apartment buildings in Tucson for a combined total of $4.85 million for 96-units ($50,521 per unit). Palo Verde Terrace Apartments at 3493 E Lind Rd., Tucson, AZ 85716 sold for $2.35 million ($45,192...

Affordable Autos of Tucson Purchases Building

TUCSON, AZ- Affordable Autos of Tucson has purchased their 720-square-foot building located at 3101 E. Ajo Way, Tucson, AZ at the northeast corner of Ajo Way and Country Club Road. Affordable Autos of Tucson had been leasing the building for the past year. Craig Finfrock of Commercial Retail Advisors, LLC...

Pulte Home Buys Lazy K Bar Ranch in Marana

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Tucson Circle K Trades Off Market for $2.15M and 7.6% Cap

TUCSON, Arizona – Situated directly off of Interstate-10 and 22nd Street in Tucson, the +/- 2,904 square foot Circle K building sold at a 7.6% cap rate, or for $2,150,000 ($740 PSF). The property has excellent street exposure, with immediate access to Interstate 10. Situated in the South Tucson Retail...

Highland House Sets new Record for Unit and Bed Prices

TUCSON, ARIZONA -- The Darryl Wilson Living Trust purchased Highland House Apartments, a 6,986-square-foot (12-bed) student housing complex located at 380 N. Highland Avenue in Tucson.  Located one block from the University of Arizona Campus Recreation Center and the rest of the campus. The property was purchased from PCG Tucson...

Former Dollar General Building Sells for Conversion to Engineering Firm Office...

TUCSON, Arizona – Scorpion Technologies, LLC of Tucson (Carlos E Garcia, manager) purchased the 9,014-square-foot former Dollar General store at 155 W Valencia Road in Tucson on 1.26 acres. The property commanded a sale price of $630,000 ($70 PSF). Earl Hyman with Marcus & Millichap of Encino, California handled the transaction...

Madera Marketplace Outparcel Sells for $4.25 Million at Sahuarita Walmart Center

SAHUARITA, ARIZONA – WG Sahuarita Holdings, LLC an affiliate of Whirlygig Properties of Tucson (Lynn Taylor and Barry Kitay, principals) sold an outpad fully leased in the Walmart Center, 718 W Calle Arroyo Sur in Sahuarita. The buyer, Ace Properties #5, LLC of Tucson (Michael Adams, manager) was in...

Oregano’s Pizza Bistro Ground Lease at The Landing Sells For $1.67...

TUCSON, ARIZONA – The ground lease for Oregano's Pizza Bistro at 4884 S Landing Way at the Irvington and I-19 Commercial Center, Tucson’s The Landing Shopping Center sold for $1.67 million ($53.40 PSF).  The 31,275-square-foot pad sold in this transaction. Built in 2017, the 3,520-square-foot building was already owned...

Southern Arizona CCIM Chapter Conversation Corner July

TUCSON, ARIZONA -- The following commercial real estate transactions totaling $3.3 million created a lot of conversation at the July meeting of the Southern Arizona CCIM Chapter, in case you missed it, we’re publishing them here as part of our CCIM Conversation Corner. Jade Bossert with Tierra Antigua represented the...

Dollar General Portfolio Sells for $5.16 million; More New Stores to...

TUCSON, ARIZONA – A three property portfolio of Dollar General stores sold for an aggregate $5.16 million and more land purchased in Amado and Red Rock for additional new stores.  DCM Development of Tucson (Chris Lechner, managing member) is the developer for Dollar General and has told us stores...
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