1570 E Tucson Marketplace Boulevard, Tucson, AZ

TUCSON, ARIZONA (April 23, 2025) – Tempe-based, R&P Properties, LLC has completed the sale of a fully leased, multi-tenant retail center located at 1570 E Tucson Marketplace Boulevard for $4,228,817.80 ($461. PSF). The 9,175-square-foot strip center sits on a 64,076-square-foot parcel (1.47 acres) with five tenants. The property is part of the Bridges Master Plan, one of Tucson’s premier mixed-use developments.

Tenants include: NextCare Urgent Care: A walk-in medical clinic providing injury treatment, physicals, pediatrics, X-rays, lab services, STD testing, immunizations, and occupational health services. ​AT&T Authorized Retailer: A store offering wireless plans, the latest smartphones, accessories, and other telecommunications services; and Kahu Hawaiian BBQ: A restaurant bringing Hawaiian BBQ cuisine from Phoenix to Tucson, marking their second location. ​

The buyers, Conteslin LLC and Shops H LLC of Bellingham, WA, acquired the asset in a strategic investment move that positions them to benefit from ongoing growth in the area — including the highly anticipated 100,000-square-foot Bass Pro Shops Mega Store, currently under construction across the property.

The transaction was brokered by Jeramy Price, Joey Castillo, and Andreas Castillo of VOLK Company, who represented the seller. Joey Castillo also represented R&P in its 2021 property acquisition and has been its leasing agent since then. His team will continue leasing efforts under the new ownership.

The property was 100% leased at the time of sale, offering the buyers immediate, stabilized cash flow and long-term upside potential. Its high-traffic location near Costco, Walmart, Planet Fitness, and the University of Arizona Tech Park enhances its desirability for retailers and investors.

This sale underscores ongoing investor interest in quality retail assets within well-located, growth-oriented Tucson submarkets.

For more information, Price can be reached at 520.441.4721, Joey Castillo at 520.495.2234, and Andreas Castillo at 520.495.3220.

To learn more, subscribers should refer to RED Comp #11840.

TUCSON, ARIZONA (April 18, 2025) —Richmond American (Michael Del Castillo, Division President) paid just over $10,200,000 ($143,662 per lot) for 71 finished lots known as Block H of the Sycamore Canyon master-planned community in Marana. The lots are 85’ X 120’ and are set in one of the highest points of the project backing up to substantial open space and will feature wide ranging views. Construction on the lots will begin immediately.

The lots were sold by the developer, SBH Sycamore Canyon LLC an affiliate of Sunbelt Holdings (Sean Walters, President). Sunbelt Holdings continues to substantially grow its lot delivery program in Tucson with multiple, large-scale projects around the Tucson metro area.

This phase of Sycamore Canyon is elevated above the balance of the master plan. Sycamore Canyon already consists of several diverse neighborhoods, each with a distinctive character of its own. At the heart is the Village Center. It offers areas for active recreation, walking, and public gatherings, and features higher-density residential housing.

The next phase of available lots are located in the final portion of the master plan and are some of the most prestigious in the project. These lots will be available Summer 2025.

Will White and John Carroll of Land Advisors Organization in Tucson handled the transaction and are in charge of the marketing at Sycamore Canyon.

Will White commented: “We continue to see a strategic search for better shovel ready lots to enhance homebuilder business plans. This is a great example by Richmond American. These are some of the best aesthetic lots in Tucson. High desert and views of everything. Sunbelt Holdings continues to be a trusted provider of lots at the exact right time to Tucson’s homebuilders. We look excited for the next phase at Sycamore Canyon”

400-404 N 4th Ave. in Tucson, AZ

TUCSON, Arizona (April 17, 2025) — WTF Land Holdings, LLC has purchased a 6,476-square-foot retail property located at 400–404 N. 4th Avenue in Tucson for $1,050,000 ($162 PSF). The property sits in the heart of the Historic 4th Avenue District, a vibrant bar and restaurant district bridging the University of Arizona and Downtown Tucson.

Known for its eclectic mix of local shops, eateries, and entertainment venues, 4th Avenue is also home to the legendary 4th Avenue Street Fair, which draws over 600,000 visitors annually. The highly-walkable district has long been a destination for students, locals, and tourists alike.

At the time of sale, 1,123 square feet of the building’s gross leasable area was available for lease at an asking rate of $20/SF NNN, offering immediate opportunity for retail or hospitality tenants looking to tap into the district’s high foot traffic and cultural buzz.

The transaction closed on April 9, 2025.

The seller, South on Seventh, was represented by Rob Tomlinson, Principal and Retail Specialist with Cushman & Wakefield | PICOR, and Fred Howard of Progressive Property Management, LLC. The buyer, WTF Land Holdings, LLC, was represented by Paul Hooker, SIOR, Principal and Industrial Specialist, also with Cushman & Wakefield | PICOR.

This strategic acquisition underscores growing investor interest in Tucson’s urban retail market and the continued revitalization of the city’s core corridors.

For more information, Hooker can be reached at 520.546.2704 and Tomlinson is at 520.546.2757. Howard can be contacted at 520.320.0010

To learn more, subscribers should refer to RED Comp #11846.