Tuesday, July 16, 2019

Residential Lot Sales are Brisk in Dove Mountain

Pulte Homes closed on additional land for 241 SFR lots in the Del Webb at Dove Mountain Active Adult Community where it plans to build approximately 650 homes on 208 acres when complete. The latest takedown for 241 lots sold for $6.96 million ($28,863 per lot). This was phase...

Dove Mountain Retail Property Sales off the charts this Month

Retail property sales at Dove Mountain Retail Center were much more than usual this month, in fact, Cottonwood Properties sold out of improved properties at the center. We were told remaining are only some out pads and surrounding land that the Dove Mountain community developer still owns for retail...

Tucson Housing Lot Sales Soared in July with 737 Lots Sold

Tucson housing lot sales rose in July, as home sales were up 25% over last year, and sales volume increased by over 28% from 2014. At mid-year, there were reported 14 land transactions totaling over $26 million. In July, there were  11 land transactions totaling $11.6 million, 728 platted...

McCraren Compliance Expands into New Industrial Building

McCraren Compliance (Michael McCraren, member) purchased a 15,186-square-foot industrial building at 3980 E Columbia for $730,000 ($48 PSF). Purchased for business expansion, the company will be relocating from its current location in Tucson that it leased. The company specializes in safety training and consulting for the mining and transportation industries....

Orange Grove Medical Center Sells for $3 Million

Orange Grove Medical Center, a 40,782 total square foot multi-tenant office building, sold for $3 million ($73.56 PSF). The property is located on the southeast corner of Orange Grove Road and La Cholla Boulevard in Tucson. Constructed in 1988, the medical center sits on fee ground at the Northwest...

TUSD Sells Wrightstown School for $1.3 Million

New 56-SFR Lot Subdivision to be Called The School Yard The TUSD Governing Board completed its first school asset sale Tuesday for 9.2 acres at 8950 E Wrightstown Road for $1.3 million ($3.24 PSF). The former Wrightstown Elementary School sold to Pepper Viner Homes of Tucson after one and a...

Arizona Auto Spa Sells To Colorado Group

TUCSON, ARIZONA – Arizona Auto Spa at 8687 E Golf Links Rd in Tucson sold to a  private Colorado group of car wash owners for $328,000 ($154 PSF). The 2,128-square-foot car was built in 1986 on a .46 acre lot located at Golf Links and Pantano Pkwy in the Eastern...

Auto Zone and Burger King Coming to Sorrento Square in Tucson

TUCSON, ARIZONA – Sorrento Square, a new retail center development by Larsen Baker of Tucson, located southwest of the corner of Houghton and Golf Links Roads in Tucson will soon have a Burger King and an Auto Zone. Laird Real Estate (Michael Laird, trustee) purchased a 16,190-square-foot pad at Sorrento...

Tucson Industrial Warehouse Sells to Aire Filter Products

Chispas, LLC of Chandler, Arizona (Branden Sparks, manager) purchased an 18,550-square-foot industrial warehouse located at 850 and 860 East 17th Street in Tucson. The property was commanded a sale price of $840,000 ($45.28 PSF) from the Norman F Thomas and Mary Lucille Thomas Trust, and Alfred and Louise Thomas...

Land Sale Brings Panda Express to “The Corner’ in Sahuarita

SAHUARITA, Arizona – CFT NV Developments, LLC purchased 49,173-square-feet of land at the northeast corner of Rancho Sahuarita Boulevard and Sahuarita Road in Sahuarita for $950,000 ($19.32 PSF). The buyer plans to construct an approximate 2,500-square-foot Panda Express on the site. The parcel is part of a planned commercial development...

Office Building in Camp Lowell Corporate Center Purchased by Tenant

TUCSON, ARIZONA -- BADA Holdings, LLC (Allison Duffy, Manager) bought a 5,520-square-foot office building from KLB Properties, LLC (Don Butler II, Manager) for $995,360 ($180 PSF). The property is located at 4534 – 4538 East Camp Lowell Drive in Camp Lowell Corporate Center at Swan and Camp Lowell. The buyer exercised an option for Silverado Technologies also owned...

Four Tucson Taco Bell Stores Sell to Montana Buyer for $5.04...

California-based, Taco Bell Corporate sold four Tucson stores to a franchisee, CLC Tucson Properties, LLC of Montana (Craig Langel, president) for $5.04 million. The buyer already owned other Taco Bell franchises in Montana. The store locations are as follows: 6616 E Grant Road in Tucson sold for $1.235 million for a...
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