Thursday, January 18, 2018

Tucson Fiesta Shopping Center Sells for $12.3 Million in Off-Market Deal

TUCSON, ARIZONA – Tucson Fiesta retail center at 4215 – 4265 N Oracle Road in Tucson sold for $12.3 million in an off-market transaction to EVT Tucson Fiesta, LLC of Phoenix (Jason Eisenberg, manager) from Tucson Fiesta, LLC of Los Altos, CA (Troy Detrick, manager) This 93,452-square-foot center was built...

Highland Park Apartments Sells in Off-Market Transaction for $3.3 Million

TUCSON, ARIZONA – A California investor, LV Management, LLC purchased Highland Park Apartments at 1402 E Manlove Street in Tucson for $3.3 million ($55,100 per unit). Chris Itule with Long Realty represented the seller, Highland Park Apartments, LLC and Jake Arnold and Ben Riehl of Keller Williams in Tucson represented...

Marcus & Millichap Complete Three Multifamily Sales for $9.63 Million in...

TUCSON, ARIZONA – Tucson’s Marcus & Millichap Multi Housing Team of Hamid Panahi and James Crawley closed on three apartment complexes in Tucson recently at an aggregate  of $9.63 million for 139-units. Phoenix investors, Bakerson, LLC and Dene Bleeker, purchased the value-add Tuscany Apartment Homes at 4399 E Pima Street...

Legacy Property Management Trades Two Investment Properties in Tucson

TUCSON, ARIZONA -- California investor, Legacy Property Management, LLC traded into a property at 155 North Rosemont Blvd. in Tucson for $10.25 million ($207 PSF). The approximate 50,000-square-feet Class A, two-story building was built in 1998 to AOL's, state-of-the-art specifications as a call center and renovated in 2015. Located north...

Final 21 P&E Lots at La Canada Ridge in Oro Valley...

ORO VALLEY, ARIZONA -- Insight Homes of Tucson (Mike Jones, manager) purchased the final 21-SFR lots at La Canada Ridge for $2.3 million ($107,391 per lot). The lots were platted and engineered and buyer exercised an option that began in 2015 from Sharpe & Associates of Tucson (Bob Sharpe,...

Transactions Goal On-Track for 2017 for C&W Picor Multifamily Team

TUCSON, Arizona -- The Multifamily team of Allan Mendelsberg and Daniel Leibsohn, with Cushman & Wakefield | PICOR of Tucson, is expecting to close 40 multifamily transactions this year, and are well on their way to achieving this goal. Demand is high and volume is strong for multifamily, with the...

Southern Arizona Urgent Care Adds New Site at River & Craycroft

TUCSON, ARIZONA -- 5590 E. River Plaza, LLC purchased a vacant land parcel located in the Rio Verde Shopping Center at 5590 E. River Rd. in Tucson. The 42,239-square-foot pad will be the future site for another Southern Arizona Urgent Care (SAUC) facility was purchased from Craycroft / River, LLC...

Harsch Expands AZ Portfolio with $10.3 Million Acquisition of Tucson...

TUCSON, ARIZONA -- Rockefeller Group sold the Rockefeller Group Distribution Center - Phase I industrial building / distribution center at 6855-6751 S. Lisa Frank Ave. in Tucson, AZ for $10.125 million ($89 PSF) to Harsch Investment Properties, a Portland-based real estate investment, development and management company. Formerly known as Rockefeller...

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...

Two Homebuilders Buy 230 More Vail Homesites for $6.7 Million

KB Home buys at Rancho Del Lago and D.R. Horton at Vista Del Lago Norte TUCSON, Arizona -- KB Home Tucson, Inc. purchased 111 platted and engineered lots in Rancho del Lago from Vail Valley Joint Venture of Tucson (Bill Estes III, manager). The sale closed on September 5, 2017 with...

Recent Tucson Sale Transactions Reported

Tucson, AZ – Recent sale transactions for commercial land, and retail properties reported by CBRE, Chapman Lindsey and Realty Executives in Tucson: CFT NV Development LLC purchased 1.15 acres of land on the northeast corner of Sahuarita Road and Rancho Sahuarita. Jesse Peron and Pete Villaescusa of CBRE represented the...

C&W Picor Negotiates Two Industrial Related Sales

TUCSON, ARIZONA – Locally owned, Apache Business Systems (Jonathan Love, manager) purchased a 6,238-square-foot industrial building at 4560 S Coach Drive in Tucson for $530,000 ($85 PSF).  Located in the Butterfield Business Center in the Tucson International Airport area. Apache Business Systems has served the Tucson community for over 45...
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