TUCSON, ARIZONA – Diaz Management, Inc. of Tucson (Paul Diaz, CEO) purchased an 11,339-sqaure-foot flex industrial building at 4955 N Shamrock Place in the Shamrock Center in Tucson.  The office / manufacturing property was purchased from Kash Property Management of Tucson (Daryl Ross, director) for $1.375 million ($121 PSF).

Built in 2002 on 1.25 acres, the building is configured as office space with a 1,200-square-foot air-conditioned warehouse. Employees and visitors are able to enjoy the mountain views from inside the building as well as outdoor meeting areas and a 2^nd floor balcony, making it a perfect corporate office. Additionally, the property is adjacent to the Rillito River Park with easy access for a walk, run or bike ride. Amenities include 2 restrooms with showers.

The buyer owns 14 McDonald’s franchises in metro Tucson and plans to relocate to make the property its corporate office. The current office at 6422 E Speedway Blvd. is also on the market for sale or for lease by Irvin.

Mark Irvin, CCIM, SIOR, of Mark Irvin Commercial Real Estate represented the buyer. “The property is a great fit for the buyer,” said Irvin. “Located less than a 30-minute drive to all their stores.”

Rob Glaser, SIOR, CCIM and Paul Hooker, Principals and Industrial Specialists with Cushman & Wakefield | Picor represented the seller.

For more information, Irvin can be reached at 520.620.1833.  Glaser is at 520.546.2707 and Hooker can be contacted at 520.546.2704.

To learn more, see RED Comp #8697.

TUCSON, ARIZONA – Thorinson, LLC and partners (Robert Elam, manager) of San Rafael, CA traded into two Tucson properties recently, an office building at 6303 E Tanque Verde Road and multitenant retail at 4322-4328 E Speedway Blvd. in Tucson.  Both transactions were the buyer’s upleg in a 1031 exchange.

A multitenant office building at 6303 E Tanque Verde Road sold for $3.3 million ($110.50 PSF). The approximately 30,000-square-foot two story building was built in 1985 on a 1.55-acre lot located at the northwest corner of Tanque Verde and Pima Street.

The investment sold with 13 tenants and 94% occupied at time of sale.

Michael Gross with Tucson Realty & Trust represented the seller, 6303 Tanque Verde, LLC (Forest Metz, manager) of Tucson.

“It’s a great property in a great location for access and views of the Catalinas,” said Gross. “It has a good mix of tenants with some long-term and some newer tenants so there is some upside potential making it a great investment.”

Tucson Realty & Trust will continue to manage the building and Gross will continue to handle leasing for the new owner.

For more information, Gross should be reached at 520.577.7000.

To learn more, see RED Comp #8728.

In a second transaction, the same investor, Thorinson, LLC purchased 10,480-square-feet at 4622-4628 E Speedway Blvd. in Tucson for investment from Speedway Swan Plaza, LLC, (Azzam Taleb, manager) for $1.1 million ($105 PSF).

The two-tenant building was built in 1963 and completely renovated in 2013. Exceptional visibility and signage on Speedway Blvd and covered parking Approximately 44,000 VPD with almost 180 feet of frontage on Speedway and 3 curb cuts.

Two tenants in the property when it sold were: The Blind Guys and Dwight Glass & Tint.

The Blind Guys is a local window fashions dealer offering the full selection of Hunter Douglas custom window treatments, including horizontal blinds, vertical blinds, roman shades, roller shades, sheer shadings, honeycomb cellular shades, woven woods, plantation shutters, motorized blinds and shades, and ultrasonic blind and shade cleaning services. Its showroom is located at 4622 E Speedway Blvd. in Tucson where they serve Tucson and surrounding area.

Dwight Glass & Tint is the premier provider of window tinting and auto detailing services in Tucson and the nearby areas. Since 1986, it has been the number one source for quality auto windshield repair and replacement services. Whether you are interested in tinting your home windows or you need mobile auto glass replacement, Dwight’s can provide the best solutions. It is located at 4628 E Speedway Blvd. in Tucson as well as three other locations in MSA Tucson.

Robert Nolan of Oxford Realty Advisors represented the seller in this transaction,

For additional information, Nolan can be reached at 520.232.0200.

To learn more, see RED Comp #8722.

TUCSON, ARIZONA — Chicago Pacific Founders (CPF) and its subsidiaries, CPF Living Communities and Grace Management Inc., have acquired The Ranch Estates of Tucson, a 107-unit senior living community licensed for 155 beds at 2365 W Orange Grove in Tucson.

The property was previously known as Sage Desert Assisted Living and Memory Care. Grace Management will take over operations.

The seller was an affiliate of Los Angeles-based Mountain Capital Partners, LLC.

The Ranch Estates of Tucson is located in Northwest Tucson’s Casas Adobes community, near Oro Valley and Northwest Medical Center Campus.

Amenities include one-bedroom studio apartments, Beauty / Barber Shop, Laundry, TV Room, Garden And Patio, Dining Room Shared Meals, Fitness Room, Respite Care, Minimum Age: 55, with Small Pets Allowed.

The asset was constructed in 2017 and closed for $35 million ($225,806 per bed) on April 22, 2021. The new owner plans to make investments into the campus but did not release details.