TUCSON, Ariz. (August 26, 2025) — Two Tucson Commercial Sales changed hands in late June, underscoring continued investment activity across the city’s office and downtown infill markets.

Continental Properties & Development Acquires Oracle Road Office for $390,000

Continental Properties & Development purchased the freestanding office building at 3795 N. Oracle Road in Tucson for $390,000 ($125 PSF). The 3,125-square-foot building, built in 1977 on 0.32 acres and zoned C-2, offers prominent Oracle Road frontage and approximately 16 on-site parking spaces.

The seller occupied the building with two other tenants, and the buyer plans to do the same.

Kameron Norwood with Cushman & Wakefield | PICOR represented the seller, Luis Hernandez and Gustavo Corte dba Hercor Insurance Group. Anthony Boatner with Keller Williams Southern Arizona represented the buyer.

Source: RED Comp #11980

Tierra Imperial LLC Acquires 702 S. Stone Avenue; Plans “Food Truck Haven” Concept

A .34 acre redevelopment parcel at 702 S. Stone Avenue in Tucson sold for land value. Previously approved for a 22-unit, two-story multifamily development, the site will be repurposed by the buyer, Tierra Imperial LLC, as a “Food Truck Haven”— a community-oriented venue for local culinary vendors, subject to standard permitting and approvals.

The $490,000 sale reflects a strategic pivot from residential entitlement to an activation concept focused on small-business entrepreneurship and flexible outdoor gathering space.

Kameron Norwood with Cushman & Wakefield | PICOR handled the transaction.

Source: RED Comp #11971

TUCSON, Ariz. (August 22, 2025) – The Vine Apartments, an eight-unit multifamily property near the University of Arizona Recreation Center, has sold in an off-market transaction for $1,575,000. The sale equates to $196,875 per unit, or $105,000 per bed, at $234.31 per square foot.

Built in 2002, the property offers a mix of one one-bedroom/one-bath, one two-bedroom/one-bath, and six two-bedroom/two-bath units. With a master-lease in place, an on-site laundry facility, and proximity to the UofA Rec Center, the community presents a value-add opportunity in one of Tucson’s most in-demand rental corridors.

The seller was Vine Tucson, LLC of Scottsdale, while the buyer was The Proper On Vine, LLC of Mesa.

Allan Mendelsberg and Joey Martinez with Cushman & Wakefield | PICOR represented both parties in the transaction.

Source: RED Comp #12048

TUCSON, Ariz. (August 21, 2025) – A DIRECTV data center and broadcasting facility in southeast Tucson has sold as a long-term, net-leased investment for $8,080,000 ($560 per square foot).

The property, located at 9608 E. Old Vail Road on a 13.43-acre site (APN: 141-18-533A), includes a 14,427-square-foot building originally developed for DIRECTV, now part of AT&T.

The asset traded at a 6.55% capitalization rate with annual net operating income of $529,377. Lease terms include 18+ years remaining on a triple-net lease with 3% annual rent escalations, providing investors secure, long-term cash flow.

Jeffrey Thomas of The Thomas Company | Net Lease Capital Markets in Idaho served as the exclusive listing broker for the sale.

A July 2024 report from Data Center Dynamics noted that the Tucson facility and a companion DIRECTV site at 401 Direct Drive in Benson, Ariz., were being marketed simultaneously by The Thomas Company, with the Benson property priced at $4 million. Both sites recently renewed 20-year leases running through 2043, occupied by AT&T-owned DIRECTV on a triple-net (NNN) basis.

Mission-Critical Facilities

The Tucson and Benson sites are described as “mission critical” for DIRECTV’s day-to-day operations and are considered “part of the technical core, housing critical infrastructure that makes broadcast signals viable.” Their continued operation underpins DIRECTV’s broadcasting network and satellite communications footprint.

Launched in 1994 by Hughes Electronics and United States Satellite Broadcasting (USSB), DIRECTV delivers satellite television services supported by a fleet of 12 satellites in geostationary orbit. Hughes Electronics nearly merged with EchoStar/Dish in 2002 before the deal was scrapped. In subsequent years, ownership evolved through News Corporation (2003) and Liberty Media (2006), before Liberty spun off DIRECTV as a standalone company.

In 2014, DIRECTV was acquired by AT&T in a $48.5 billion deal. AT&T later sold a 30% stake to TPG Capital in 2021. Today, DIRECTV continues to operate as a leading satellite television provider and is listed on the Nasdaq.

The sale underscores strong investor demand for specialized, mission-critical assets with reliable tenancy, particularly data centers and broadcasting facilities that remain essential to today’s digital and telecommunications infrastructure.

For additional information, The Thomas Company can be reached at 800.775.3350.

 Source: RED Comp #12057