DR Horton, Inc. purchased 10 finished lots as part of a rolling option at Santa Cruz Meadows in Sahuarita. The 7,000-square-foot lots sold for $630,000 or $63,000 each and the transaction closed escrow on June 10, 2020.

The seller was Tucson Land LLC. Randy Emerson of GRE Partners, LLC represented the Seller and Dan Feig of Chapman Lindsey represented the Buyer.

Meritage Homes of Arizona, Inc. purchased 140 platted and engineered lots at Rancho del Lago in Vail from Vail Valley Joint Venture. The price was $2,335,891 for the 45’ and 50’ wide lots. The sale closed escrow on June 9, 2020.

Randy Emerson of GRE Partners, LLC represented the Seller and the Buyer was self-represented. The sale represents the final unsold lots at Rancho del Lago, a master planned golf community in the rapidly growing Vail submarket.

For more information, please contact Randy Emerson at GRE Partners, 520-429-4967

TUCSON, ARIZONA — Metro Motors, LLC (Saad Antar, manager) purchased an automobile sales lot located at 1740 East Fair Street in Tucson, the former Auto Liquidators, for $250,000 ($6.04 PSF).

The fully improve fenced 1.03 acres sold with a mobile office on site and has been used auto sales dealership for a long time. The property is adjacent to Pima County Sheriff’s offices.

This will be Metro Motors second location, the first one is at 2761 N Stone Ave. in Tucson.

Gordon Wagner with NAI Horizon represented the seller and Andre Scaife with EXP Realty represented the Buyer in this transaction.

TUCSON, ARIZONA — BBAM, LLC purchased Eucalyptus Apartments, a 44-unit apartment complex located at 3055 N. Tyndall Ave. in Tucson.  The 44-unit apartment complex, consisting of 15,620-square-feet of multifamily space, was purchased from 3055 North Tyndall Avenue, LLC for $1,930,000 ($43,863 per unit).

Property consists of two 2-story buildings (built 1978) with a unit mix of studios and 1 bedrooms,  pool, laundry facilities, ramada and barbecue area.

In a separate transaction, Gould Family Properties VIII, LLC purchased Calle Arizona Apartments, an 8,250-square-foot multi-family complex located at 269, 271 and 281 E. Calle Arizona in Tucson.  The 10-unit property was purchased from Interdependent-Tucson-269 – 271 E. Calle Arizona, LLC for $637,000  ($63,700 per unit).

Allan Mendelsberg, Principal and Multifamily Specialist with Cushman & Wakefield | PICOR, represented both parties in both transactions. Both closed on June 2, 2020.

For more information, Mendelsberg can be reached at 520.546.2721.

To learn more, see RED Comp #7831.and #7829.