TUCSON, ARIZONA –  Pima Swan RV Park at 4615 E Pima Street in Tucson recently sold for $950,000 ($28,000 per space) for the 34 spaces with one park owned unit.

Located in central Tucson on just under one acre, the park is near all major employers in an infill location, Pima Swan was 94% occupied at time of sale and offered an investor a 6.25% cap rate on an RV park that runs like a mobile home park. Every tenant resides in the park on a permanent basis so no transient income like many RV parks.

The park has paved roads, laundry facility, top-notch landscaping and city utilities.

Dustin Wilmer with Marcus & Millichap of San Diego represented the seller, Bano Investments LP (John P and Catherine M Knox) of Glendale, Arizona.

Andy Burnett of Taylor Street Advisors in Tucson represented the investor, Douglas Development Group, LLC of Southern Pines, North Carolina.

For more information, Wilmer can be reached at 858.373.3100 and Burnett can be contacted at 520.310.1645.

To learn more, see RED Comp #8925

TUCSON, ARIZONA – Earlier this week we reported on Black Rock Coffee Bar coming to Tucson. We now find out there are already three locations in progress for the popular Oregon-based boutique coffee chain.

Rick Volk and Jeramy Price of VOLK Company handled the sale of an approximately 23,051 square-foot parcel of land at 6393 E Grant Rd. from PM-6393 E Grant LLC to Geyer-Yunkherr LLC recently for $800,000. The former Gadabout site will be demised for construction of a Black Rock Coffee Bar.

Then, Jeramy Price of VOLK Company represented Geyer-Yunkherr LLC in the acquisition of an approximately 19,018-square-foot parcel of land at 2705 East Valencia Road from Palice Investments, L.L.C. for $275,000 for construction of another Black Rock Coffee Bar.. The seller was represented by Rob Tomlinson and Dave Hammack of Cushman & Wakefield | PICOR in this transaction.

Construction of the Black Rock Coffee Bar at 8601 E Golf Links commenced yesterday. This build-to-suit is being built for a Filiberto’s and Black Rock Coffee. The ws purchased last December by Tempe-based ONETEN REI MAIN.  Kevin Volk and Jeramy Price handled the transaction.

Jeramy Price is the exclusive representative for Black Rock Coffee in Tucson and plans are to open 13 locations over the coming months.

Known for its premium roasted coffees, teas, smoothies, and flavorful energy drinks, the new Black Rock Coffee Bar’s signature industrial modern design is approximately 2,325-square-feet.

“We’ve just started building Black Rock’s presence in the Tucson area and are thrilled to see the first store commence construction at the northeast corner of Golf Links and Pantano, 8601 E Golf Links Road,” said Jeramy Price. “Tucson is a terrific market for the company looking another 10 locations here.”

Founded in Portland, Oregon, in 2008, Black Rock currently has 79 locations in seven states, including Arizona, California, Colorado, Idaho, Oregon, Texas and Washington.

The Black Rock culture prides itself on providing opportunities for young people to learn how to lead, run a business, and develop people skills.

For more information or site suggestions, contact Price at 520.441.4771.

To learn more, see RED Comp #8366, 8897 and 8901

Property located in one of Tucson’s main retail hubs

PHOENIX, Ariz. – Cushman & Wakefield announced the firm has brokered the absolute net leased sale of a freestanding retail restaurant asset in Tucson, Arizona for $6.1 million.

The 8,080-square-foot Class A building is located at 4270 N Oracle Rd and is fully leased to a national restaurant and brewhouse brand, which operates hundreds of stores in dozens of states in the U.S.

The building is an outparcel of the Oracle Wetmore Shopping Center that is anchored by several national anchor tenants.

The property was acquired by Idaho-based DTFP, LLC and the seller was RJR Tucson, LLC. Chris Hollenbeck and Shane Carter with Cushman & Wakefield in Phoenix represented the seller in the transaction.

“This was a strong investment opportunity of a trophy-grade Class A retail property that is fully leased to a national credit tenant,” said Chris Hollenbeck. “The tenant has been operating at this location for many years and recently signed a long-term extension indicating its commitment to this location, situated in one of Tucson’s best trade areas.”

The property is located at the intersection of Oracle Rd & Wetmore Rd that produces very heavy traffic and visibility, and with a densely populated trade area. The Oracle Road corridor is one of the main retail hubs in Tucson, and the Tucson Mall, a super-regional mall, and Tucson Auto Mall are both just north of the site.

To learn more, see RED Comp #8896.