TUCSON, ARIZONA (June 16, 2023) Tucson-based Long Far Investments, LLC (Susan Petrus, member) purchased an 8,000-square-foot building at 2055 E 17^th Street in Tucson for $675,000 ($84.38 PSF) for investment.

The seller, R2eWaste of Phoenix (Kailin Lin, member), bought the property while occupying it as a tenant in February 2022 for $595,000, dba R3eWaste, a computer and electronics recycling company.

Built in 1974, the building has a fully fenced paved lot, one 10’x 12’ grade level, one 10’ x 10’ dock high door, 120-280 V, 3-phase, 800-amp power, and 2,000 square feet of air-conditioned office space. The warehouse, another 3,000 square feet of swamp-cooled area, and 3,000 square feet not cooled with two restrooms.

The tenant, Livestream Shopping, Inc, is a marketing service brands use to promote and sell products through livestreams on digital platforms, often in collaboration with influencers.

The aim is to provide consumers with an immersive and interactive experience, allowing them to ask questions and buy products during the livestream.

It started in Asia in 2017 and then expanded to the rest of the world over the following years.

Live streaming is a type of streaming that allows, through the Internet, to transmit or receive a particular content while the event is taking place. In this case, the event is a live product presentation followed by consumers from different locations.

Livestream shopping consists of livestreams on digital platforms (e-commerce) or social media  (Facebook, Instagram, etc.) where an influencer promotes a product or a brand. While the influencer promotes, people can watch these livestreams and ask questions live; they can chat or buy products from the shop. In this way, the activity of shopping is translated from offline into the digital world.

The aim is to ensure that consumers get wholly involved in the live sale that may take place on the other side of the world without being physically present.

Livestream shopping represents a bridge between entertainment and online shopping; that’s why this phenomenon can potentially become the new norm for e-commerce in China. It became widespread during the pandemic lockdowns.

Paul Hooker, SIOR, Principal, Industrial Specialist with Cushman & Wakefield | PICOR represented the seller in the transaction.

For more information, Hooker can be reached at 520.546.2704.

To learn more, see RED Comp #10653.

TUCSON, ARIZONA (June 9, 2023) — The Tucson Racquet and Fitness Club (T.R.F.C.) sold to an affiliate of James Tofel of Tofel & Dent Construction for $2.471 million ($81 PSF). The 30,486 square feet in multiple buildings sits on just under 20 acres by the Rillito River at 4001 N Country Club Road. The sellers were William, Jeffrey, and Alexandra Selby.

Since 1967, T.R.F.C. has offered the finest quality tennis instruction and Tucson’s most comprehensive tennis and wellness facility.

In addition to many amenities, including 30 tennis courts, 12 lighted pickleball courts, 11 indoor racquetball/handball courts, aerobics/yoga classes throughout the day, two 75-foot heated junior Olympic pools, basketball and volleyball courts, and more, the T.R.F.C. offers a complete fitness experience with an outstanding instructor-to-student ratio, two Jacuzzis, a steam room, and a sauna.

James Tofel’s grandfather, Joseph “Joe” Tofel, a successful Tucson entrepreneur, saw the need for a Tucson Racquet Club in the 1950s and started with leased land where the El Con Mall now stands on East Broadway.  Then in 1967, Tofel launched T.R.F.C. and built the new facility where it stands today on the bank of the Rillito River and North Country Club Road. Joe Tofel passed away on April 4, 2008, at age 89.

T.R.F.C. grew to 34 tennis courts quickly and became the first tennis ranch in Arizona. James Tofel told us it was the largest tennis camp in the nation at the time for its first 50 years, and he has plans to modernize and update the facility for the next 50 years.

“Everyone who has been in Tucson for any time has a story or two to tell about from the Tucson Racquet and Fitness Club,” Tofel said.

“Membership dropped significantly during the pandemic, and although recovering, it is still off by 20%,” Tofel continued. “That should change quickly as we begin the improvements. We’re already getting a great response from members coming back.”

First, we will attend to the deferred maintenance and focus on back-office needs for updated computers and software.

The club is open 24 hours and is well-known for its Clubhouse restaurant and bar and Friday night barbeques. From May 5 thru September 29, from 5:30-8:30 pm on Fridays, the club features a line-up of Tucson’s favorite bands while enjoying a barbeque in a safe, friendly atmosphere. Open to non-members for only $6.00 and members at no charge.

The public is also welcome to the fully stocked pro shop, massage therapists, nutrition experts, and personal training professionals.

For more information do to https://tucsonracquetclub.com/

To learn more, go to RED Comp #10690.

TUCSON, ARIZONA (June 8, 2023) – In addition to this May’s prior apartment sales reported in the Real Estate Daily News, the multifamily team of Allan Mendelsberg and Joey Martinez with Cushman & Wakefield |PICOR handled the following two transactions, valued at $3.925 million.

The Compound Student Housing complex at 774 & 794 E Seneca Street in Tucson sold for $2.925 million ($417,857 per unit or $104,464 per bed).

The two-story buildings, built in 2012, total 15,464 square feet with 28 total beds in 7 units, a pool, a spa, on-site laundry, and on-site management and sold fully leased for the 2023-2024 school year.

The transaction closed on May 30, 2023.

Allan Mendelsberg and Joey Martinez, Principals and Multifamily Specialists with Cushman & Wakefield | PICOR, represented the buyer and the seller in the transaction.

In a separate transaction, TAD IV Holdings LLC, an affiliate of J&R Frawley Family Trust of Santa Monica, CA, purchased the 5th Ave Apartments, a 5,125-square-foot investment property at 4544, 4556, & 4560 S. 5th Ave. in Tucson, from Tucson I Buyer LLC an affiliate of Dollar Mark Equity Solutions for $1,000,000 ($90,909 per unit).

The 11-unit apartment sale consists of 4,950 square feet in two fourplexes and one triplex with nine 1Br/1Ba units and two 2 BD/1BA units, built in 1959.

The transaction closed on May 24, 2023.

Allan Mendelsberg and Joey Martinez, Principals and Multifamily Specialists with Cushman & Wakefield | PICOR represented the seller. Joseph Chaplik, with Joseph Bernard, LLC, represented the buyer.

For more information, Chaplik should be reached at 503.546.9390. Mendelsberg is at 520.546.2721, and Martinez should be contacted at 520.546.2730.

See RED Comps #10695 and #10705 to learn more about these apartment sales.