Chapman Management Group Facilitates Sale of Grease Monkey Building

TUCSON, AZ (October 17, 2025) — A fully leased triple net investment property at 3355 E Speedway Blvd in Tucson has sold for $1,550,000 ($968 PSF) to Chino Valley-based, 3311 Union, LLC. The property includes a 1,601-square-foot building featuring two drive-thru bays and an adjacent parking lot parcel.

The tenant, the nation’s largest Grease Monkey® franchisee, recently executed a new 15-year absolute NNN lease and operates more than 30 locations across Arizona, Colorado, and Texas.

The Absolute NNN-leased investment property sold to 3311 Union, LLC, of Studio City, CA. The property featured two drive-thru bays and an adjacent parking lot parcel. Tenant recently signed a new 15-year lease and is the largest Grease Monkey® franchisee in the United States, currently operating over 30 locations in Arizona, Colorado, and Texas.

Erik Chapman, CCIM, CPM, and Nick Travassos, MRED, CCIM of Chapman Management Group, LLC represented the seller, Niceland Investments, LLC. The buyer is an affiliate of Sands Investments Arizona, LLC, and was self-represented.

For more information, Erik Chapman can be reached at 520.867.8899, and Nick Travassos at 520.867.8438.

Source: RED Comp #12145

VOLK Company Principals Acquire Former Circle K Property on Orange Grove for Redevelopment

Former Circle K

TUCSON, AZ (October 14, 2025) — Rick and Kevin Volk, principals of VOLK Company, through an affiliate entity, Poets Hard Corner LLC, have acquired the former Circle K property at 3700 W. Orange Grove Road in Northwest Tucson for $595,000 ($217 PSF). The 2,740-square-foot building sits on a 15,000-square-foot parcel and was purchased from the Gregory and Mary Pantages Revocable Trust.

The site, located at the high-traffic intersection of Orange Grove and Thornydale Roads, offers exceptional visibility and accessibility to one of Tucson’s most active retail corridors. Formerly occupied by Circle K and built in 1982, the freestanding building and corner parcel offer redevelopment potential for a new retail or service use, with flexibility for drive-thru or multi-tenant configurations.

According to VOLK Company, the property will be redeveloped and subsequently leased or sold upon completion.

For more information, contact Jeramy Price, Joey Castillo, or Andreas Castillo with VOLK Company at (520) 326-3200 or visit www.volkco.com

Source: RED Comp #12116

Catalina Vista and Five Star Mobile Home Parks Sell in Separate Transactions Totaling $9.4 Million

TUCSON, Arizona (October 10, 2025) — Two Tucson manufactured housing communities have changed hands in separate transactions totaling $9.4 million, with affiliates of Comfort Communities selling both properties to affiliates of Invesco Real Estate. Though the deals involved similar parties and closed on the same date, the two communities traded at notably different price-per-unit levels.

On September 23, 2025, Catalina Vista Mobile Home Park, an 82-space community at 3344 East Kleindale Road in central Tucson, sold for $6,500,000 ($79,268 per space). The seller was Catalina Vista MHC LLC of El Cajon, California, affiliated with Comfort Communities, and the buyer was Catalina Vista MH Owner LLC, an affiliate of Invesco Real Estate based in Dallas, Texas. Built in 1961, the 6.34-acre community offers a clubhouse, pool, and laundry facilities.

That same day, Five Star Mobile Home Park, a 43-space community at 1305–1311 West Prince Road in Tucson, sold for $2,900,000 ($67,441 per space). The seller was Five Star MHC LLC, also based in El Cajon and affiliated with Comfort Communities, while the buyer was Five Star MH Owner LLC, another Invesco affiliate. The 4.04-acre property was initially developed in 1952 and includes a clubhouse, pool, and laundry facilities.

While both sales occurred on the same day, the price-per-unit varied significantly: Catalina Vista commanded nearly $79,300 per space, while Five Star traded at roughly $67,400 per space. The two communities traded at different price points, likely due to variations in age, location, and financial performance.

The acquisitions underscore the continued appetite of institutional investors such as Invesco Real Estate for Tucson’s manufactured housing assets, while Comfort Communities continues to reposition its portfolio through selective dispositions. Manufactured housing communities remain an attractive investment class, offering stable income streams and an essential supply of affordable housing in the Tucson market.

Source: RED Comp #12110 and #12112