TUCSON, ARIZONA — NAI Horizon handled the sale of 8500 E. Old Vail Road consisting of a fully improved 5.08 acres for $750,000.  The property was formerly used for Garden Gate Nursery by the seller. It is fenced and has a 1,863-square-foot building (built 1999) and a mobile office on the property.

The transaction was handled by Gordon Wagner and David Blanchette, CCIM, of NAI Horizon for the seller. The buyer, Ivan Atanssov, occupied the property for several months prior to closing. The buyer’s business, Optimum, Inc. of Bloomington, California will be using the property as their local headquarters.

Optimum Inc. has been providing telecommunications construction since 1998.

Optimum provides services and expertise in Directional Drilling, Cable placement, Conduit Installation, Aerial cable installation, General Engineering, Restoration, Coaxial and Fiber Splicing, and other CATV industry related assignments. Optimum is consistently evaluating opportunities to be the best in the industry and seeks to increase efficiency within projects and across every aspect of the company.

For more information, Wagner can be reached at 520.326.2200 and Blanchette should be contacted at 520.906.9446.

To learn more, see RED Comp #7858.

TUCSON, ARIZONA – The Estates at Old Spanish Trail closed out its final lots to DR Horton. Cornerstone Homes at Old Spanish Trail (Buddy Parks, manager) sold its final lots in this Vail subdivision in two transactions.

DR Horton bought 8 SFR lots from Cornerstone Homes at Old Spanish Trail for $700,000 ($87,500 per lot). The lots were finished and sold directly to DR Horton ready to build.

Another 35 partially developed lots with common area sold to Forestar (USA) Real Estate Group for $1.1 million ($31,428 per lot). Forestar will finish these and land bank for DR Horton in this 115-lot subdivision.

Thrac Paulette represented the seller, Cornerstone Homes at Old Spanish Trail in both transactions.

Forestar (USA) Real Estate Group also acquired another 134 lots at Hanson Ridge in Vail, Arizona for $6.84 million ($51,045 per lot). The seller was Vail UPRR South, LLC, an affiliate of the Ashland Group (Duff Heron, manager). Forestar will finish and land bank these for DR Horton as well.

Forestar Group Inc. is a residential lot development company with operations in 50 markets in 21 states and is a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002.

For more information, Paulette should be reached at 520.904.5055.

To learn more, see RED Comps #7783, #7835, and #7755.

TUCSON, ARIZONA — Old Vail Partners, LLC an affiliate of Diamond Ventures (Bill Kelley, CFO) purchased a 50,400-square-foot industrial building at 9538 E. Old Vail Road in Rita Ranch from JAH Tucson, LLC of Algone, Washington for $5,050,000 ($100 PSF).

The highest sale for an industrial building this year, the building is occupied by TuSimple, a self-driving truck startup that splits operations between the U.S. and China with self-driving technology  that enables long haul heavy duty trucks to operate autonomously.

TuSimple has forty 18-wheelers operating out of its depot in Tucson and is “essentially running 24/7” carrying loads between Phoenix and El Paso, Texas.. It’s a tiny freight operation compared to the massive fleets of national haulers like J.B. Hunt, Swift, Werner and Amazon AMZN , each with thousands of trucks and drivers, but no company has more self-driving semis than TuSimple, based on the U.S. Transportation Department registry data.

Gary Emerson of GRE Partners, LLC handled the transaction. For more information, Emerson can be reached at 520-777-4949.

Or to experience the ride in an autonomous truck of TuSimple watch the video here.

To learn more, see RED Comp #7840