TUCSON, AZ (October 2, 2024) – Tucson Veterinary Specialists purchased the build-to-suit (BTS) building it has occupied since constructed in 2020 at the Ina Road Professional Center, 1601 West Ina Road in Tucson.

Rio West Development & Construction was the seller and built the 6,215-square-foot built-to-suit for Tucson Veterinary Specialists.

The property sold for $1,438,198 ($231.41 PSF) plus the four-year lease rate.

Tucson Veterinary Specialists (TVS) offers state-of-the-art specialty care and advanced diagnostic and treatment capabilities. It is the only veterinary practice in Tucson exclusively dedicated to specialty veterinary care, with highly trained specialists and staff and a genuine interest in the well-being of pets in Neurology, Cardiology, and Internal Medicine. TVS is also a specialist in Valley Fever in pets.

For more information, Rio West Development & Construction can be reached at 520.318.4233, and Tucson Veterinary Specialists can be reached at 520.412.8584.

To learn more, subscribers can see RED Comp #11505.

TUCSON, AZ (Oct. 1, 2024)—Jefferson Village is an 8-unit multifamily community in Tucson that recently had two of the five duplexes, or four units, sell for $1.3 million ($325,000 per unit). The addresses of the sold property were 1821 and 1823 S Jefferson Avenue in Tucson.

Built in 2001, Jefferson Village features an open floor plan and quality Adobe construction. Each unit boasts a private laundry room/closet, providing convenience and efficiency for daily chores.

The duplexes consist of two 3-bedroom / 1-bath units and two 2-bedroom / 1-bath units.

The transaction closed on September 20, 2024, after three months on the market.

Calvin Case with OMNI Homes International represented the seller, John and Angie Seymour of Tucson.

The investor, R2V Properties, LLC of McKinney, TX was represented by Bridgett Baldwin and Erika Gaxiola with Berkshire Hathaway HomeServices.

Case should be reached at 520.474.1777 and Baldwin is at 520.261.7889.

To learn more, subscribers should see RED Comp #11494.

TUCSON, ARIZONA (September 27, 2024) — Lennar Arizona, Inc. (Tom Gansheimer, Division President) and Richmond American (Michael Del Castillo, Division President) paid just over $30,000,000 for 254 finished lots known as Block 1 at the new Monarch master-planned community in Marana. The lots were a mix of 50’ and 60’ X 120’. This acquisition concludes a total of 541 lots sold in the past 90 days and wraps up the lot purchases in Phase 1 of the 450-acre project.

Monarch is located in the heart of north Marana on Moore Road and Sandario. The first phase of Monarch is located across the street from the Marana Municipal Complex. The lots were sold by the developer, SBH Marana LP, an affiliate of Sunbelt Holdings (Sean Walters, President). Sunbelt Holdings continues to substantially grow its lot delivery program in Tucson with multiple, large-scale projects around the Tucson metro area.

The Monarch masterplan is currently under construction and is one of North Marana’s most anticipated new projects. In June, Lennar purchased 287 additional lots, bringing the total to 419 lots at Monarch. Future phases of lots are being prepared now for mid-2025 and into 2026. The project will be planned and developed for a variety of residential and commercial uses.

Will White and John Carroll of Land Advisors Organization in Tucson handled the transaction and oversees the marketing at Monarch.

Will White commented, “Monarch is one of the best locations, in one of the most desired Tucson submarkets. It will break records for a long time. The homebuilders moved swiftly on their acquisitions and it’s an exciting MPC launch that was years in the making.”

To learn more, RED Comp subscribers should see #11497 and #11498.