TUCSON, ARIZONA (June 7, 2023) — Jeramy Price of VOLK Company represented the buyer, KECAZ, LLC, in its $700,000 ($40 PSF) purchase of approximately 17,424 square feet of land located at Broadway Star Plaza at 7505 E Broadway Blvd. in Tucson.

The property is located at the northeast corner of Broadway Blvd. and Prudence Road in Tucson and closed on May 8, 2023.

The seller, an Arizona limited liability company comprised of VAP Properties, LLC, Shenitzer Properties, LLC, and WV, LLC, was represented by Nancy McClure from CBRE Advisory & Transaction Services in Tucson.

The buyer, KECAZ, LLC, intends to develop the land into a Black Rock Coffee Bar, making this the fifth Black Rock Coffee location Price has handled in the Tucson market.

Other Tucson locations include:

• Broadway Campbell, 1821 E Broadway Blvd.
• Grant & Wilmot, 6393 E Grant Road
• Golf Links, 8601 E Golf Links Road
• Valencia Road 2705 E Valencia Road

For more information, Price can be contacted at 520.441.4771, and McClure can be reached at 520.323.5117.

To learn more, see RED Comp #10665.

Tucson, Arizona, (May 30, 2023) – Joseph Pongratz purchased a northwest office condominium in La Cholla Medical Park at 5880 N La Cholla Blvd. in Tucson for $930,000 ($214 PSF). The 4,345-square-foot office was built in 2003 and occupied by the seller, Brad J. Barnett, MD.

The buyer purchased it for expansion by Pongratz Orthotics & Prosthetics, Inc., an orthotics and prosthetics company established by Joseph S. Pongratz in 1997. With full-purpose facilities in Phoenix, Chandler, Avondale, Sun City, Gilbert, and Tucson, Pongratz Orthotics & Prosthetics provides complete orthotic and prosthetic care, including pediatric, soft goods, mastectomy, cranial banding, and specialized burn care services.

Dean Cotlow of the Cotlow Company represented the seller and Julian Willetts with Re/Max Excalibur represented the buyer.

The asset closed on May 3, 2023.

For more information, Cotlow should be reached at 520.881.8180 and Willetts can be contacted at 520.820.2231.

To learn more, see RED Comp #10655

GREEN Valley, Arizona (May 26, 2023) – The 99 Cents Only Store at 750 West Calle Arroyo Sur in Green Valley sold for $3.13 million ($153 PSF) in a sale-leaseback.

The 20,400-square-foot building sits on 2.25 acres in Madera Marketplace off I-19 and Nogales Hwy in Green Valley at the Walmart Supercenter regional shopping center.

The seller was 99 Cents Only Stores (also branded as The 99 Store and 99¢ Only Stores) an American price-point retailer chain based in Commerce, California. It offers “a combination of closeout branded merchandise, general merchandise, and fresh foods.” The store initially offered all products at 99¢ or less. However, the base price was raised to 99.99¢ in 2008, and products have been introduced at higher prices.

Founded by Dave Gold in 1982, there are 384 stores located in California, Arizona, Nevada, and Texas. The company also operates Bargain Wholesale, which sells wholesale to retailers across the United States and exports to more than 15 countries from showrooms in Los Angeles. It also exhibits at trade shows in Las Vegas and Chicago.

The investor was TNG Green Valley, LP, an affiliate of The Niki Group of San Diego, CA.

The transaction closed on May 19, 2023 with no brokers reported in the sale.