Sunday, December 16, 2018

Marcus & Millichap Completes $3.2 Million in Tucson Multifamily Deals

TUCSON, Arizona -- A California investor, Mibara Inc., bought the value-add property Kelso Vista Apartments at 450 W Kelso Street in Tucson for $1.7 million ($42,500 per unit). The 40-units in 24,030-square-feet were all one-bedrooms, with pool, spa and laundry facilities and built in 1983. Property was 50% occupied at...

NW Animal Inn & Pet Clinic Sold to New Veterinary Service...

TUCSON, Arizona -- The Animal Inn and Pet Clinic at 6745 N La Canada Dr in Tucson sold for $891,000 ($76 PSF).  Property consists of a dog & cat boarding Kennel, zoned CR-1, with a permitted non-conforming use, and a Veterinary Clinic on 8.74 acres. The seller was Lila Wadsworth,...

Safeway Closes $2.6 Million Site at Mercado del Lago in Vail

TUCSON, Arizona -- After years being on hold, Safeway has closed on a 7-acre site at Mercado del Lago. Safeway has been eyeing this site for many years, waiting for the grocery store market to stabilize, and is now ready to begin construction. Located in southeast Tucson, at the...

Pulte Homes Assembles New 144-Lot Subdivision in Marana for $3.33 Million

Marana, Arizona -- Pulte Home Company has closed on 72-acres at Camino De Oeste in two separate transactions. The aggregate purchase price was $3.33 million ($23,094 per lot).  The new community is located between Camino De Oeste and Hartman Lane in Marana, north of Cortaro Farms Road. Ben Becker and...

Tucson Development Activity Continues at Respectable Pace

Three Land Sales in Northwest and Broadway total over $3.7 Million for the Week TUCSON, Arizona -- Circle K Stores, Inc. has purchased 2.36-acres of raw land at the southeast corner of Ina Road & Silverbell Road in Marana, from Ina & Silverbell 1, LP and Denton Investments (Don Denton, manager)...

Two Growing Tucson Small Businesses

TUCSON, Arizona -- Arizona Small Business Accounting (ASBA) of Tucson (Linda Lipscomb, manager) purchased the office building at 5205 E Pima Street for its second office in Tucson. The property commanded a sale price of $195,000 ($97 PSF). Since 1983, Arizona Small Business Accounting has helped individuals and businesses to achieve...

Tucson’s Funtasticks Fun Park Sells in EPR and CNL $700M Transaction

TUCSON, Arizona -- EPR Properties, a Kansas City-based publicly traded REIT and CNL Lifestyle Properties, Inc. have completed the last tranche of the previously announced acquisitions of the Northstar California Ski Resort, 15 attraction properties (waterparks and amusement parks) and five small family entertainment centers for aggregate consideration valued...

Land for New Discount Tire Store Sells at Tucson Marketplace at...

TUCSON, Arizona – Scottsdale-based Halle Properties, LLC (Bruce Halle) doing business as Discount Tire/America’s Tire, the world’s largest tire and wheel retailer, purchased 1.08 acres at 3025 S Kino Parkway, located to the north of Culver's, in Tucson Marketplace at the Bridges for $875,000 ($18.58 PSF), . The company currently operates...

Angels Work Miracle for Imago Dei School to buy $2.1 Million...

Angel Charity for Children raised $600,000 for Imago Dei Middle School's down payment on its Downtown Tucson building TUCSON, Arizona -- Miracles do happen, as was demonstrated recently in Tucson when Imago Dei Middle School was able to purchase the building it rented in Downtown Tucson.  Located at 55 N....

Central Tucson Office Building sells for Dental Back Office

TUCSON, Arizona -- BLB Real Estate Holdings, LLC of Scottsdale (Dr Brad Roberts, member) purchased a multi-tenant office building, at 2761 N. Country Club Road in Country Club Plaza in Tucson. The two-story, 9,080-square-foot building was built in 1984 and was purchased with three tenants to owner occupy a portion...

CBRE Completes Sale of Retail Pad at Las Plazas at Old...

Tucson, AZ – Las Plazas at Old Vail, a 17-acre retail development at the northwest corner of Houghton and Old Vail Roads in Southeast Tucson, has landed a full-service Mexican restaurant to complement the line-up of other quality food offerings. El Arado, LLC purchased a 0.89-acre retail pad and will...

Meritage Homes Buys Land for 113 new homes at Rancho Del...

TUCSON, Arizona -- Meritage Homes of Arizona, Inc. purchased (71) 45’ X 120’ and (42) 50’ X 120’ platted and engineered lots at Rancho del Lago in Vail from Fidelity National Title Agency under Trust No. 10,756 and Vail Valley Joint Venture (Bill Estes III, manager) for a price...
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