2nd Quarter Sales

TUCSON, Ariz. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale of Equinox on Prince, a 114-unit multifamily asset in Tucson, Arizona. The property sold for $21.1 million, which equates to $185,088 per unit. Clint Wadlund, IPA senior director, and IPA’s Hamid Panahi, Steve Gebing and Cliff David

TUCSON, ARIZONA – Tucson Irvington Take Five LLC, dba Take 5 Oil Change, purchased a 25,650 square-foot retail pad in Placita del Rio for $900,000 ($35 PSF) to construct a 1,400-square-foot auto service building. Take 5 Oil Change began in Canada in 1985 with its first shop in Mississauga, Ontario. Originally known as Pro Oil

TUCSON, ARIZONA – The Arena Building in Tucson at 6969 E Sunrise Drive sold for $2.6 million ($278. PSF). Built in 1997, the 9,340-square-foot, two-story, office building is located on .75 acre in Ventana Canyon Office Park at the northeast corner of Sunrise Dr. and Kolb Rd. The asset closed on May 17, 2022. The