Saturday, April 20, 2019

Delectables Transitions into Catering-Only Sells Downtown 4th Avenue Building for $1.48...

TUCSON, Arizona -- Delectables Restaurant & Catering (Donna DiFiore, owner) sold 533 N. Fourth Ave. in downtown Tucson recently for $1.48 million ($310 PSF) ending a 44-year run downtown. Difiore is transitioning the business into a catering-only business and paid $342,000 ($127 PSF) for the building at 427 E Limberlost...

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...

Cali Buyers Pay $1.69 Million for Desert Atrium Apartments in Tucson

Nexpa Properties of Sausalito, CA (Kelsey and Jordan Gootnick members) purchased the Desert Atrium Apartments at 8750 E Cooper Street in Tucson for $1.69 million ($45,676 per unit). Desert Atrium was built in 1972 and consists of a single two-story, garden-style apartment building situated on a 1.31 acre lot. The...

CBRE Completes Single-Tenant Net Investment Sale of Sweet Tomatoes in Tucson

Tucson, Arizona – CBRE has completed the sale of a single-tenant, 7,024-square-foot Sweet Tomatoes located at 6202 E. Broadway Boulevard in The Broadway Wilmot Shopping Center in Tucson, Arizona. The property garnered multiple offers and commanded a sale price of $3.180 million ($452.73 PSF) which was over listed price. Nancy McClure...

New 75,000 SF Shopping Center Coming to Southwest Tucson

TUCSON, AZ -- Scottsdale, Arizona-based SWH, LLC (Nick Christifulli and Jodi Johnson, managers) an affiliate of Christifulli Companies has purchased 11.38 acres at the southwest corner of Valencia and Headley in Tucson for $3.3 million ($6.66 PSF) from JVBM Properties, LLC (James Click, Jr. and Robert Tuttle, members).

Aztera creates 30,000 SF ‘Hub of Innovation’ in Central Tucson

Aztera Properties, LLC (Manny Teran, manager) purchased an approximately 30,000-square-foot office/manufacturing facility in two buildings at 1120-1140 N Anita Avenue in Tucson for $1.25 million ($42 PSF). The property is at I-10 and Speedway Boulevard in Central Tucson and formerly occupied by Victory Motorcycles. Technology innovation is the driving force...

Continental Ranch Shopping Center sold for $3.4 Million

MARANA, ARIZONA -- Continental Ranch Shopping Center at 8235-8245 N Silverbell Rd., Marana, AZ on the corner of Wade Rd. and Silverbell Road in Marana sold to 2908 RT. 130, LLC for $3,386,733 ($157 PSF). The 21,600-square-foot Multi-tenant retail center received an offer within the first week of being...

Tucson’s St. Mary’s Village Retail Center Sells for $2.2 Million

TUCSON, Arizona - St. Mary’s Village Center at 1301-1325 W St. Mary’s Road in Tucson sold for $2.2 million ($141 PSF). The 15,600-square-foot multi-tenant retail strip center has solid mix of national and local tenants with a variety of office, medical, service and food uses. Tenants include H&R Block, Supercuts,...

Inline Shops at Safeway Rancho Vistoso Shopping Center sells for $10...

ORO Valley, Arizona – Brentwood Developments, Inc. of Rocklin, California (Brad Griffith, manager) purchased the 34,770-square-feet of inline shop space at the Safeway Rancho Vistoso Shopping Center, 12112, 12142 and 12152 N Rancho Vistoso Blvd in Oro Valley for $10 million ($287.60 PSF). This is the fifth asset acquisition by...

The Mark at Tucson Student Housing Land Sale Closes at Broadway...

TUCSON, ARIZONA – Landmark Properties, dba The Mark at Tucson, closed August 25th on its second student housing project site at 931-949 East Broadway Blvd. in Tucson for $4,631,375 ($41.49 PSF). Its first student housing in Tucson, The Retreat Tucson is at 22nd Street and Park Avenue with 189 units...

Oracle Road Medical Office sold to Private Investors from Michigan

Oro Valley, Arizona – Pearl Peak, LLC of Whitefish, Michigan (Nicholas R. Chickering) closed on a triple net investment property at 7510 N Oracle Road, Ste 100, in Oro Valley, Arizona for $2.2 Million ($360 PSF). The 6,008-square-foot office condominium, built in 2009 of masonry construction, is located in...

Bourn brings Second Nordstrom Rack and New Build-to-Suit to Tucson

Seattle-based Nordstrom, Inc. (NYSE: JWN) announced Thursday plans to open Nordstrom Rack at Wilmot Plaza in Tucson, Arizona. The approximately 25,000-square-foot store is scheduled to open in spring 2016. The property is owned by BP Wilmot Plaza LLC, an affiliate of Bourn Companies LLC, a commercial real estate investment,...
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