ORO VALLEY, AZ (September 19, 2024) — Cushman & Wakefield | PICOR facilitated the sale of Sunnyslope Apartments in Oro Valley. The Multifamily team, led by Allan Mendelsberg and Joey Martinez, managed the transaction.

Sunnyslope Apartments sold for $5.6 million, or $133,333 per unit. The property features 42 units, including 41 one-bedroom/one-bathroom apartments and one studio unit.

Sunnyslope Apartments is set against a stunning desert backdrop, offering residents mountain views. The complex has recently undergone significant renovations, combining renovated and non-renovated units. The renovated apartments feature modern kitchens with contemporary finishes, including quartz countertops and stainless-steel appliances. Additionally, select units have been upgraded to include in-unit washers and dryers.

The property also includes communal amenities such as a swimming pool, picnic area with barbecues, and well-maintained walkways throughout the grounds. The overall environment is designed to enhance resident comfort and convenience.

As Oro Valley’s multifamily pipeline shrinks, properties like Sunnyslope Apartments are becoming increasingly valuable in the market. This sale reflects the strength of Oro Valley’s multifamily market, characterized by high demand and limited inventory. The current commercial real estate landscape in Oro Valley showcases a competitive environment where properties are highly sought after due to the area’s appealing lifestyle amenities and scenic surroundings.

For additional information, Mendelsberg can be reached at 520.546.2721, and Martinez is at 520.546.2730.

To learn more, subscribers should refer to  RED Comp #11481.

TUCSON, AZ (September 17, 2024) – Optima Medical Group will occupy the medical building at 2171 W Orange Grove Road in La Naranja Medical Center in Tucson, having purchased it for $1.8 million ($357 PSF). The asset sold on August 19, 2024.

Optima Medical Group provides experienced general practitioners and a family medicine team specializing in primary care services to prevent and manage chronic diseases, common illnesses, and injuries.

It is located across from Northwest Medical Center in Northwest Tucson at the southwest corner of Orange Grove and La Cholla Blvd. It was built as a medical office, with a lobby, reception area, fully functional cath lab/operating areas, post/pre-op offices, break room, and utility room formerly occupied by Modern Vascular.

Near many amenities, including the Uptown redevelopment of the Foothills Mall.

Kyle Kilgore and Phil Skillings with NAI Horizon represented the seller, Fredriks Nursery Inc. and Orange Grove Tucson, LLC of Ripon, CA.

For more information, Kilgore can be reached at 520.235.0750 and Skillings is at 520.326.2200.

To learn more, subscribers should refer to RED Comp #11446.

Tucson, AZ (September 13, 2024) — CBRE’s Tim Healy represented ZNARF LLC, in selling an 11,443-square-foot industrial property formerly occupied by Action Imaging Group at 3970 South Evans Blvd., Tucson, Ariz.  Max Fisher of BRD Realty LLC represented the buyer, Ninyo & Moore Geotechnical and Environmental Sciences Consultants, the owner/user.

The asset sold for $1,725,000 ($150.75 PSF) on August 29, 2024.

Established in 1986 in San Diego, Ninyo & Moore is one of the largest engineering firms specializing in Geotechnical Engineering, Environmental Engineering, Materials Testing, and Inspection Services. Engineering News-Record (ENR) recognizes the firm as one of the Top 500 Design Firms in the United States. Ninyo & Moore has fully equipped and certified in-house testing laboratories that offer full-service field and laboratory services for geotechnical design and soil and materials testing projects.

Ninyo & Moore is a professional geotechnical and environmental sciences consulting firm providing services in geotechnical engineering, engineering geology, geophysics, hydrogeology, soil and materials testing, special inspection, soil and groundwater contamination assessment, site remediation, hazardous building materials, industrial hygiene, and occupational safety.

Its geotechnical, environmental, and materials testing specialists provide services to clients in the public and private sectors. With offices in California, Nevada, Arizona, Colorado, Texas, and Utah, our firm is fully committed to being responsive, cost-efficient, and thorough in meeting clients’ project needs and objectives.

The quality of Ninyo & Moore’s personnel base has become widely recognized. The firm employs 600 professionals, including registered geotechnical and civil engineers, geologists, hydrogeologists, engineering geologists, geophysicists, environmental scientists, industrial hygienists, field technicians, special deputy inspectors, and specialists in regulatory issues and interpretation, hazardous waste management, health and safety, and remedial action planning.

For more information, Ninyo & Moore Geotechnical and Environmental Science Consultants can be reached at 520.577.7600 in Tucson.

For information on the transaction, Healy can be reached at 520.323.5100, and Fisher should be contacted at 520.465.9989.

RED Comps subscribers can learn more details at RED Comp #11468.