2nd Quarter Sales

Tucson, AZ. – Larsen Baker sold the recently renovated building on the hard corner of Campbell and Skyline occupied by Charles Schwab. The building was sold as a net lease investment at a 4% cap rate. The buyer was 6401 North Campbell JV, LLC, an Arizona limited liability company is an affiliate of Iridius Capital

TUCSON, Ariz. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale of Bellevue Tower, a 90-unit, garden-style, midrise apartment property in Tucson, Arizona at 3710 E Bellevue Street. The asset traded for $14 million, which equates to $155,556 per unit. “New ownership is poised to experience rental growth

TUCSON, ARIZONA — Scannell Properties purchased the 17.57 acres known as the Alvernon Way Commerce Center at Alvernon & Valencia, next to Home Goods and American Tire, just north of Amazon’s new 270,000 square-foot sorting center currently under construction, $2,793,524 ($3.65 PSF) from the Ray Rivas Revocable Trust, Ray Rivas 401(K) Savings Plan, and the