Two 16-Unit Central Tucson Apartment Properties Sell for $2.48 Million

Tucson Apartment Properties
Park Manor Apartments

TUCSON, ARIZONA (July 9, 2026) — Two 16-unit apartment communities in central Tucson recently sold in separate transactions totaling $2.48 million.

JVC 4 Enterprises LLC purchased Park Manor Apartments, a 16-unit apartment complex at 3850-3880 N. Park Ave. in Tucson, from the Douglas E. and Andrea S. Robson Revocable Trust and the Gary H. Rieman and Phyllis C. Rieman Trust for $1.45 million.

The 8,840-square-foot complex was built in 1962 and sold for $90,625 per unit, or $160.68 per square foot. The property includes three single-story buildings on approximately 1.1 acres, with 12 one-bedroom/one-bath units and four two-bedroom/one-bath units, off-street parking and a walled yard.

Romero Apartments

In the second transaction, Sunflower Properties AZ LLC purchased Romero Apartments, a 16-unit apartment complex at 3502, 3510, 3518 and 3526 N. Romero Road in Tucson, from Romero Property LLC for $1.03 million. The 10,688-square-foot complex was built in 1964 and sold for $64,375 per unit, or $31.51 per square foot. The property consists of four fourplexes on approximately 1.1 acres, with 10 two-bedroom/one-bath units of approximately 700 square feet and six one-bedroom/one-bath units of approximately 500 square feet.

Allan Mendelsberg and Joey Martinez, Principals and Multifamily specialists with Cushman & Wakefield | PICOR, represented both the buyers and sellers in both transactions. For more information, Mendelsberg can be reached at 520.546.2721, and Martinez is at 520.546.2730.

Sources: RED Comp #12572 and #12575.



Brandon Investments Buys Midvale Park Industrial Property for $5.55 Million

Midvale Park Industrial

TUCSON, ARIZONA (July 8, 2026) — Brandon Investments LLC purchased 51,786 square feet of industrial space at 6701 S. Midvale Park Road in Tucson from 6701 S. Midvale Park LLC for $5,550,000.

The property is located in the Midvale Park Commerce Center II subdivision in Tucson’s west submarket. The sale equates to approximately $107 per square foot. The industrial property sits on about 7.24 acres and includes two buildings, dock-high and grade-level loading, 30-foot clear height, fenced and gated yard area, and on-site parking.

Brandon Investments LLC is managed by Christopher Grace, with an address in Scottsdale. The seller, 6701 S. Midvale Park LLC, is managed by James A. Romanoski of Tucson.

Stephen D. Cohen, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the buyer. Jesse Blum with CBRE in Tucson represented the seller.

For more information, Cohen can be reached at Cushman & Wakefield | PICOR, 520.546.2750. Blum can be reached at CBRE, 520.321.3335.

Source: RED Comp #12571



Larsen Baker Acquires Flex Office/Industrial Building on Palmdale Street for Investment

Investment
1001 E. Palmdale Street, Tucson, AZ

TUCSON, AZ (July 2, 2026) — Larsen Baker, through its affiliate Palmdale Opportunity Partners, LLC, purchased a 7,500-square-foot freestanding flex office/industrial building at 1001 E. Palmdale Street in Tucson for $650,000, or $86 per square foot, as part of their investment strategy.

The building sits on 1.37 acres of I-1 zoned land and is currently occupied through the end of October. Following the acquisition, the property is being offered for lease or purchase, appealing to potential investors looking for investment opportunities.

Isaac Figueroa, CCIM, SIOR, with Larsen Baker represented the buyer and facilitated the investment transaction.

For additional information, contact Isaac Figueroa with Larsen Baker at  520.296.0200 ¦ Ext. 218.