Monday, June 25, 2018

Cali Investor Buys University Manor for $4.25 M

TUCSON, ARIZONA -- A California investor bought University Manor Apartments at 1525 N Euclid Avenue in Tucson for $4.25 million ($73,276 per unit) from 742 E Lee Street, LLC (Jarrett Reidhead, manager). The property was purchased by the seller in July 2015 for $2 million to renovate at a cost...

Land Sale Brings Panda Express to “The Corner’ in Sahuarita

SAHUARITA, Arizona – CFT NV Developments, LLC purchased 49,173-square-feet of land at the northeast corner of Rancho Sahuarita Boulevard and Sahuarita Road in Sahuarita for $950,000 ($19.32 PSF). The buyer plans to construct an approximate 2,500-square-foot Panda Express on the site. The parcel is part of a planned commercial development...

Flanders Tucson Manufacturer adding 6,750 SF, NAI Retained for Brokerage

TUCSON, ARIZONA – FLANDERS, an Indiana-based manufacturer of heavy industry electric motors and generators, is breaking ground on a 6,750-square-foot administrative and warehouse building, adding to its footprint at 5785 S. Belvedere Ave., in Tucson. David Blanchette, CCIM, of the Tucson office of NAI Horizon, has been retained to provide...

Catalina Palms Plaza in Town of Catalina Sells for $1.975 Million

TUCSON, ARIZONA – Catalina Palms Plaza at 16701 N Oracle Road in Catalina, Arizona sold for $1.975 million ($151 PSF) to Jack R Schneider of Severance, Colorado. The 13,096-square-foot strip center on 2.35 acres is located in the Town of Catalina drawing customers from Oro Valley to Saddlebrook. Oracle Road...

1784 Capital Holdings to Develop $10 Million Oro Valley Self-Storage Facility

Scottsdale Company Purchases 1.6 Acres in Growing Tucson Suburb ORO VALLEY, ARIZONA – Scottsdale-based 1784 Capital Holdings, LLC, has purchased 1.61 acres of land at 11061 N. Oracle Rd. at Steam Pump Village in Oro Valley, Arizona. The company plans to build a $10 million, Class A self-storage facility to...

Phase I Gladden Farms Closed out with Final Sale to Meritage...

MARANA, Arizona – Meritage Homes recently closed on the last two blocks at Gladden Farms in Phase I for $1.82 million ($24,000 per lot). Blocks 7 and 13 sold platted for 76 homesites by Crown West Realty (Dean Wingert member) the developer. Gladden Farms is a 1,350-acre master planned community...

Villa Pacifica Apartments in Tucson Sells For $7.28 Million

TUCSON, ARIZONA - ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $7,282,500  ($41,378 per unit) sale of the Villa Pacifica Apartments at 4650 E 29th Street in Tucson, AZ. Villa Pacifica is a two- and three-story, garden-style apartment community which resides...

NNN Buys New Tucson Location Topgolf in Marana

Southern Arizona residents will soon have another destination for family entertainment and socializing TUCSON, Arizona -- Global sports entertainment leader Topgolf® sold its third Arizona location at 4050 W Costco Place in Marana, still under construction, to National Retail Properties for $3.6 million in a net lease sale. Located off I-10...

Two Tucson Retail Properties Sold for $555,000

TUCSON, ARIZONA – Head Hunters Smoke Shop, LLC purchased the property located at 5830-5850 East Speedway Boulevard in Tucson, AZ for $275,000 ($20.74 PSF). The value-add property consists of an approximately 13,257-square-foot building on 34,407-square-feet of land. Buyer was a tenant prior to sale and will continue to occupy a...

Mission Palms Apartment in Northwest Tucson Sells for $37.25 Million

TUCSON, ARIZONA -- Berkadia recently handled the $37.25 million ($103.472 per unit) sale of Mission Palms, a garden-style multifamily property located in Tucson, Arizona. Senior Managing Director Art Wadlund and Associate Director Clint Wadlund of the Tucson office represented both the buyer, ROC Senior Living, and the seller, Stoneweg...

NAI Horizon Tucson negotiates $1.14M retail deal on 4th Avenue

TUCSON, ARIZONA – Vice President David Blanchette, CCIM, of the NAI Horizon Tucson office negotiated the $1.14 million ($194 PSF) acquisition of a 5,874-square-foot retail property at 522 N. 4th Ave., in Tucson. NAI Horizon represented the seller, Stan S. Katz of Encinitas, Calif., in the transaction. Doug Jones of...

Epic Real Estate Partners Buys Ventana Village for $21.55 Million

TUCSON, ARIZONA – Epic Real Estate Partners purchased Ventana Village, a 110,116-square-foot grocery-anchored neighborhood center at 6860-6920 East Sunrise Drive in Tucson, Arizona for $21.55 million ($196 PSF). Strategically positioned at the intersection of Sunrise Drive and Kolb Road, Ventana Village is 90.8% occupied and anchored by a high-performing Basha’s...
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