TUCSON, ARIZONA – Rudy’s Country Store and Bar-B-Q has purchased a 1.57 acre parcel of land located at 2100 E. Ajo Way, Tucson, AZ in the Ajo Marketplace for a Rudy’s Country Store and Bar-B-Q restaurant.

This will be the restaurant’s first location in Tucson and fourth location in Arizona. Rudy’s Country Store and Bar-B-Q is based in San Antonio, TX and has 48 locations throughout Texas, Oklahoma, Colorado, Arizona, New Mexico and Florida. The transaction closed on June 14, 2021. The new restaurant is expected to open 4^th quarter of 2021.

Ajo Marketplace is located across from The Bridges, 350-acre master plan development, that includes the UA Tech Park, Geico Regional Headquarters with 2,000 employees, and JTED Joint Technical Educational Facility with 25,000 students in Phase I; all next to Banner University Center South Campus and the 100-acre Kino Sports Complex.

According to public records, the asset sold for $1.2 million.

Craig Finfrock of Commercial Retail Advisors, LLC represented both the seller, Grace Investment Company, and Chip Thor of Echelon Realty Advisors, LLC represented the buyer, Rudy’s West Real Estate, LLC, in this transaction.

For more information, please contact Finfrock at (520) 290-3200.

To learn more, see RED Comp #8865.

Tucson, Arizona – Bellevue Tower Apartment Homes, a 90-unit complex located on Alvernon Way and Speedway Boulevard in Tucson, Arizona, sold today for $7,500,000, $83,333 per unit, or $77.77 per square foot. The project was 98% occupied at the close of escrow. Zack Mishkin of ORION Investment Real Estate represented both the Buyer and the Seller in the transaction. The Seller, Bakerson LLC, an Arizona Limited Liability Company, is a local family office specializing in wealth generation through strategic Real Estate acquisition and dispositions. The Buyer, Zona Investments SPE LLC, an Arizona Limited Liability Company, is lead by Sergey Shukhat, a local owner/operator who specializes in value-add repositions.

Bellevue Tower Apartment Homes’ Tower Phase was constructed in 1969 consisting of 56 units in a four-story building, and its two-story Garden Phase with the remaining 34 units was constructed in 1972. The two-story units include full-size washer and dryer hook-ups and yards; the tower phase includes covered parking and an elevator. The complex in its entirety has an extremely attractive unit mix of one, two, and three bedroom units (87% two and three bedroom units). There are eight different spacious floor plans to choose from. Amenities include a sparkling swimming pool, fountain corridor, barbecue area, central lobby/office, business center, laundry facilities, and ample parking.

Bellevue Tower Apartment Homes is located at 3710-3730 East Bellevue Street in the Garden District of Tucson. The Garden District of Tucson is centered around the beautiful Tucson Botanical Gardens, benefiting from the multitude of retail options along Speedway Boulevard. The property is just a few minutes drive to the University of Arizona (45,918 enrollment).

Zack Mishkin commented on the transaction, “Bellevue Tower Apartment Homes was an off-market transaction, yet the Owners were inundated with unsolicited offers from various buyers. This is exemplary of the increasing investor interest in the Tucson market

MARANA, ARIZONA — 7575 W Twin Peaks Road (Lot 1 of Twin Peaks Plaza) a net- leased property sold for $4 million ($263.50 PSF). The property garnered multiple offers and sold as a cash transaction to a family trust in Marana.

Build in 2006 on 1.5 acres, by CJR at Twin Peaks, LLC (Christopher Heinfeld, manager) this is the 3^rd property sold at Twin Peaks Plaza. The last remaining parcel, lot 4,  is an Out Parcel to Twin Peaks Plaza.

7575 W Twin Peaks Road was 100% occupied and includes Proactive Physical Therapy , Hotworx, Twin Peaks Pizzeria, Goodwill, Arizona Youth Partnership and an administrative office for Spring Church.

Gary Heinfeld, CPA, CCIM of Advisors in Real Estate, Inc. and Matt McNeill of Cushman & Wakefield represented the seller. Matt McNeill of Cushman & Wakefield also represented the buyer.

For more information on this transaction, Heinfeld should be reached at 520 591-2310.