TUCSON, AZ (July 9, 2024) An industrial property at 3809 N Runway Drive in Tucson sold for $850,000 ($210 PSF).

The two buildings were constructed in 1988, totaling 4,044 square feet with four grade-level, roll-up doors on a walled and gated one-acre+ yard in the Freeway Industrial Park northeast of Prince and I-10.

The transaction closed on June 7, 2024.

At the time of sale, the property was occupied by a single tenant, dba Sunbelt Coatings. The seller, CCYES, LLC of Tucson, was represented by Pat Welchert of Alpha Commercial Real Estate Service.

The buyer, SMS Construction Company, purchased the property to owner-occupy once the current tenant’s lease expires. Tim Healy of CBRE (Tucson) represented the buyer.

For additional information, Welchert can be reached at 520.360.9394, and Healy is at 520.323.5119.

To learn more, see RED Comp #11345.

TUCSON, AZ (July 3, 2024)—Crossroads Adult Care Home Escondido is a community offering assisted living and memory care at 5821 N Escondido Lane in the Casas Adobes submarket of Tucson. Residents can choose from a range of studio room layouts.

The community has three separate buildings, each 3,500 square feet with 10 beds per building. The property comprises approximately 10,500 square feet and 30 beds on a sprawling and lush two+ acre campus with amenities such as a swimming pool, koi ponds, and mature trees.

It sold for $2.5 million ($83,333 per bed) on June 27, 2024.

The community has earned an impressive average rating of 8.9 out of 10, making it the 64th highest-rated community in the city out of 161. This recognition is a testament to the exceptional care and services provided, instilling confidence in the community’s quality.

Omer Kreso and Grant Withers with Realty Executives Arizona Territory represented the seller, Escondido 30, LLC of Phoenix. Daniel Biel also with Realty Executives Arizona Territory represented the buyer, Melvinateo, LLC, of Tucson.

Kreso, Withers, and Biel should be contacted at 520.877.4940 for more information.

To learn more, see RED Comp #11377

TUCSON, AZ (July 2, 2024) – Retail Pad sites remain in demand, not just for QSRs. The following sites were closed in June:

Two sites, strategically located at Tangerine Commerce Park, I-10 & Tangerine Road, were closed in June. The first, STRR Investments, LLC, purchased a 34,000-square-foot building pad for its tenant, Taco Bell, from R11 Tangerine Corporation.

The asset sold for $850,000 ($25. PSF) for the build-to-suit site that closed on June 7, 2024.

Ben Craney and Gordon Wagner of NAI Horizon represented the seller, and Greg Saltz of GPS Commercial Advisors of Phoenix represented the buyer.

The other pad sale at Tangerine Commerce Park Site is at 9585 W Tangerine Road in Marana, a 1.23-acre building pad purchased by O’Reilly Auto Enterprises, LLC, dba O’Reilly Auto Parts of Springfield, MO, for the construction of the O’Reilly Auto Parts store already under construction.

The retail pad sold for $995,000 ($18.51 PSF) and closed on June 10, 2024.

The seller, Tangerine / I-10, LLC, an affiliate of Cottonwood Properties of Tucson, was represented by Ben Craney and Gordon Wagner of NAI Horizon in Tucson, and the buyer was represented by Debbie Heslop of the VOLK Company in Tucson.

Taco Bell and O’Reilly’s will join Mister Car Wash, Ace Hardware, and Starbucks at this retail center.

In a third pad sale, Tucson-Valencia Take Five, LLC purchased 34,604 square feet of retail land at 1511 W. Valencia Rd. in Tucson from OTB–MIDVALE & VALENCIA, LLC, for $750,000 ($21.67 PSF).

It will be used to construct a 1,400-square-foot Take Five Oil Change, its fourth in metro Tucson. The transaction closed on June 14, 2024.

Take Five is widely known for delivering fast, friendly oil changes as easily and safely as possible. Driven by and designed for convenience, it gets everyone in and out in minutes without ever needing an appointment. Every service is performed by certified technicians, and Take Five offers a range of additional automotive services for all vehicle makes and models.

Dave Hammack, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the seller. 

For more information, Craney can be reached at 520.326.4500, Wagner at 520.326.2200, and Hammack at 520.546.2712.

See RED Comps #11338, #11350, and #11352 to learn more.