TUCSON, AZ (August 1, 2025) — Larsen Baker is pleased to announce the successful sale of a freestanding commercial building located at 2801 E. Grant Road, just east of Tucson Boulevard and adjacent to Tucson Fire Station 5.

Ideal Grant Holdings, LLC purchased the 8,510-square-foot building for $400,000 ($47 PSF). The buyer intends to reposition the asset, which benefits from strong visibility and proximity to midtown neighborhoods and key arterial routes.

The transaction closed on July 17, 2025.

The seller, The Miros Living Trust, was represented by Isaac Figueroa, CCIM, SIOR, with Larsen Baker, while Jeramy Price of Volk Company represented the buyer.

Constructed in 1971, the property sits on a 0.53-acre parcel with flexible zoning and accessibility, making it a candidate for retail, office, or service-oriented redevelopment. Its strategic location along East Grant Road provides a high-traffic corridor for future tenants or users.

The property is now available for lease with Jeremy Price of VOLK Company.

This transaction reflects continued interest in centrally located Tucson commercial assets, particularly among investors seeking value-add opportunities with strong fundamentals.

For more information, Figueroa can be reached at 520.296.0200, and Price can be contacted at 520.441.4771.

Source: RED Comp #11998

TUCSON, AZ  (July 31, 2025) – The Comfort Suites at Sabino Canyon, a well-established 89-unit, midscale all-suite hotel located at 7007 E. Tanque Verde Road in Tucson, has sold for $7,510,000 ($84,382 per room). The buyer, Udev Properties of Gunnison, Colorado, acquired the property from Tucson Hotel Investments, closing the transaction on July 22, 2025.

Built in 1982, the two-story, exterior-corridor property is ideally situated near the Santa Catalina Mountains and Sabino Canyon Recreation Area, offering proximity to Tucson’s outdoor attractions, shopping, dining, and major corporate demand generators.

The property features 89 spacious suites equipped with mini-fridges, microwaves, flat-screen TVs, and separate living areas in select rooms. Guests enjoy a heated outdoor pool, spa, fitness center, complimentary breakfast, meeting facilities, business center, guest laundry services, and ample parking.

The hotel was absentee-managed, presenting strong upside for revenue growth under new ownership. Multiple rebranding options are available to reposition the property into an upper midscale or soft-brand affiliation with only minimal Property Improvement Plan (PIP) investment needed.

Market data shows this hotel outperforms its competitive set, with a T12 Market Penetration Index (September 2024) of Occupancy: 104.3%, ADR: 115.6%, and RevPAR: 119.4%. This means the property captured more than its fair share of guests, achieved higher average rates, and generated nearly 20% more revenue per available room compared to similar hotels in the market, highlighting its strong positioning and operational performance.

The deal was brokered by Dinesh “Dan” Rama (602-478-9636) and Jigar “Jay” Desai (520-664-4091) of NewGen Advisory of Phoenix, representing the seller.

“This was a strategic acquisition in one of Tucson’s most desirable submarkets,” said Jigar “Jay” Desai, Senior Vice President of NewGen Advisory. “The combination of prime location, strong demand generators, and value-add potential made this a highly attractive investment.”

Source: RED Comp #12007.

TUCSON, AZ (July 29, 2025) — A new educational facility is planned for East Tucson following the $1,300,000 ($155 PSF) purchase of a prominent commercial property at 450 N Pantano Road. The buyer, Pathways Properties Tucson, LLC, is affiliated with Pathways School & Evaluation Center K-12, a private educational provider for children with learning differences, which is expanding in the Tucson area.

The 8,391-square-foot building, situated on a 49,640-square-foot parcel just north of Broadway Boulevard, was previously owned by The Duly Elected Trustees for Builders Lodge No. 60, F & A.M. The property was marketed and sold by Joey Castillo and Andreas Castillo of VOLK Company, who represented the seller. The buyer was represented by Nicholas Travassos and Erik Chapman, CCIM of Chapman Management Group, LLC.

“This will be their second location in Tucson, the first is at 4525 E Broadway,” Nicholas Travassos said. “Pathways has witnessed a huge increase in demand from parents, students and families over the past few years. So much so that rather than turn families away or continue to place them on a wait list, they decided to expand. We were very excited to be able to assist in their search for a new place.”

Pathways also has schools in Gilbert and Mesa.

The site offers ample space and flexible zoning, making it well-suited for educational use. Pathways School plans to repurpose the facility as part of its growing network of specialized educational campuses, with the new Tucson location designed to serve students requiring a personalized academic environment.

This acquisition reflects ongoing demand for centrally located properties with redevelopment potential, particularly for uses that serve community needs such as education, wellness, and nonprofit services.

For more information,  Joey Castillo can be reached at 520.495.2234, Andreas Castillo is at 520.495.3220; Erik Chapman, CCIM, is at 520.622.5544 and Nicholas Travassos should be contacted at 520.730.8003.

Source: RED Comp #11996