TUCSON, ARIZONA – Aguirre Properties, LLC (Fernando Aguirre, manager) purchased the former Rite Way AC building at 5708-5712 E Speedway Blvd. in Tucson for $835,000 ($54 PSF) from Mandell Ventures, LLC. Aguirre plans to operate a tire store, dba California Tires, in this 15,372-square-foot building on 1.38 acres after renovations.

CBRE’s Nancy McClure handled the transaction, representing the seller.  This will be the first retail location for California Tires in Tucson and is expected to open sometime this fall.

The buyer, Fernando Aguirre opened Bobby’s Tire Shop in Nogales, Arizona back in 1988, and several years later incorporated it under the company name Aguirre Enterprises Inc., dba California Tires. He now owns three California Tires shops in Nogales, Ariz., and a warehouse in Tucson, AZ.

California Tires is a pillar of the Nogales and Tucson, Sonora Communities. The company offers name brand tires and wheels for customers located in and around the area.

California Tires has been providing tire repair, tire maintenance, for more than 30 years when Fernando Aguirre Sr. His experience and growth brought him to buying in large volume and being able to pass along the discounts on its products and other benefits to its customers.

The company offers free flat repair and free tire rotation for the life of its tires. The company also offers a free road hazard warranty for passenger, light trucks and UHP tires.

California Tires carries most major tire brands, including Michelin, Pirelli, Toyo, Hankook and Goodyear, along with several Chinese tire brands. Its stores are open seven days a week.

For more information, McClure should be reached at 520.323.5117.

To learn more, see RED Comp #8860

TUCSON, ARIZONA — Andover Properties, LLC (dba Storage King USA) has recently acquired a two-property portfolio in Tucson, increasing its footprint in the city to 5 properties. Combined, the two properties total over 200,000 NRSF across 1,750 units.

The assets fetched $30.3 million ($17,300 per unit) according to public records.

The properties, located at 4068 E Fort Lowell and 5650 W Coca Cola Place, are strategically situated within a 10–20-minute drive from each other and the three existing Storage King USA Tucson assets. Between them they have a complementary unit mix of multi- and single-story climate, drive-up, and parking units.

“This acquisition is a great win for our firm and reflects our commitment to clustering locations in strategic markets. We have now greatly expanded our footprint in Tucson, with a brand new Class A facility and another well-located facility” states Brian Cohen, Andover’s President.

Michael Wachsman, Andover’s Director of Acquisitions, adds, “Fort Lowell opened in June 2020 and has leased up at a tremendous rate, largely due to its Class A asset quality and preeminent position in the marketplace. Coca Cola Place is located near a busy shopping center which generates significant traffic to the area. Our business plan is to stabilize occupancy at Fort Lowell and bring in-place rents to that of the market for both properties.”

Andover Properties, LLC, is an investor, owner, operator and developer of real estate throughout the United States, based in Manhattan, New York. The firm focuses on the acquisition, development and management of industrial, retail and self storage facilities. Andover is a leading sponsor in this area with expertise in all aspects related to these product types including acquisitions, asset management, leasing, property management, conversion, development and dispositions. Its investors and partners include global institutional real estate private equity funds and high net worth individuals.

Since inception in 2003, Andover Properties, LLC has owned or managed self storage assets totaling over 7.3 million rentable square feet across 56,600 units. Currently the firm owns and manages 78 self storage facilities in 16 states totaling 6 million rentable square feet and 44,700 units, in addition to development projects. Andover Properties, LLC manages and operates its facilities under the brand Storage King USA (https://www.storagekingusa.com).

To learn more, see RED Comps #8792 and #8798.

Photos: 4068 E Fort Lowell above and 5650 W Coca Cola Place below

TUCSON, ARIZONA – 10130 N Oracle Rd Suite 210 a net- leased property occupied by BASIS.ed sold for $1,576,000 ($303 PSF). The 5,200-square-foot condominium is five contiguous spaces build in 2009.

BASIS Charter School is a top rated, public, charter school located in Tucson. This is an administrative office for the school with 960 students in grades 5-12 and a student-teacher ratio of 14 to 1. According to state test scores, 88% of students are at least proficient in math and 84% in reading.

The first BASIS Charter School, BASIS Tucson, was founded in Tucson in 1998 by Michael Block and Olga Block, with the goal of educating students at an internationally competitive level.

Gary Heinfeld, CPA, CCIM of Advisors in Real Estate, Inc. and Chris Hollenbeck of Cushman & Wakefield represented the seller. Jack Stone with JMS Commercial Real Estate Services, LLC represented the buyer, an individual from Goodyear, Arizona.

The developer, CJR Investments (Christopher Heinfeld), has sold 12 of the 16 units at San Jose Plaza with this transaction.

For more information on this sale or other units available contact Gary Heinfeld CPA, CCIM at 520 591-2310.

To learn more, see RED Comp #8854.