TUCSON, AZ (July 31, 2024) – Tucson-based Mister Car Wash purchased 1.18 acres of land at 2850 W Valencia Road, at the northeast corner of Valencia and Cardinal Ave. in Tucson, from Rose VL, FLP for $1.2 million ($23.36 PSF).

Mister Car Wash has come a long way since founded in Houston, Texas in 1969. Mister Car Wash is today the largest car wash operator in North America, operating over 475 locations in 21 staes. The Mister brand is anchored in quality, friendliness, and our commitment to creating memorable customer experiences. Its people make it successful and allow it to achieve these high standards. The company continues to focus on recruiting and retaining top talent, developing best-in-class training programs, and investing in employee benefits to cultivate a positive company culture.

This new location will be the 20^th Mister Car Wash in Tucson MSA.

Aaron LaPrise, principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the buyer.

For more information, LaPrise can be reached at 520.546.2770.

To learn more, see RED Comp #11413.

TUCSON, AZ (July 26, 2024) — Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale of Equestrian Apartment Homes, a 288-unit multifamily property at 4701 W Linda Blvd. in Tucson.

According to public records, the asset sold for $60.2 million ($209,027 per unit).

“Equestrian’s prime Northwest Tucson location is underscored by superior demographics,” said Clint Wadlund, IPA senior director. “Within a three-mile radius of the property, 67% of the workforce is white collar, and the average household income is over $103,700, which is 29% higher than the Tucson average.”

“Strong macroeconomic fundamentals in the Tucson MSA, coupled with our team’s expertise in connecting sellers with well-suited investors, resulted in a seamless transaction that enabled the buyer to enhance their presence in the market,” said Hamid Panahi, IPA senior vice president.

Wadlund, Panahi, and IPA’s Steve Gebing and Cliff David represented Bridge Investment Group, the seller, and procured Investors Capital Group, the buyer.

Built in 2008, the property’s stylish interiors feature fully equipped kitchens, granite countertops, in-unit washers and dryers, nine-foot ceilings, large walk-in closets, and private patios or balconies. Refreshed community amenities include an expansive leasing office, a business center, a resort-style swimming pool, a clubhouse, a fitness center, covered parking, and 70 private, detached garages.

For more information, contact the Office of Institutional Property Advisors at 520-719-6525.

To learn more, see RED Comp #11401.

TUCSON, AZ (July 25, 2025): Desert Retreat Mobile Home & RV Park is an all-age community offering 40 rental units at 6308 S Nogales Hwy. in Tucson’s southern submarket. The park comprises 34 spaces (10 RV and 24 MH spaces), a duplex, two SFRs, and two retail businesses currently leased and operating.

The asset sold for $2.35 million ($58,750 per rental).

The Community was initially built in 1949 and sits on approximately 2.29 acres. Desert Retreat is on  City services; electricity is directly billed to all sites except for five, which are individually read and billed back. The sites offer 200 AMP electrical service to pedestal units that provide Cox cable, telephone, and internet services. Water and sewer are individually metered and billed back. All water lines are copper.

The two Retail Businesses include El Barquito Seafood & Grill and a hair salon. The restaurant is directly billed for electricity and gas, the salon is directly billed for electricity and billed back for individually sub-metered water and sewer.

There is one park-owned mobile home (2019 Clayton 14’ X 66’). Desert Retreat has a laundry facility, two washers/dryers, and leased equipment. The Community has an on-site office that could be converted back to its original use as a studio apartment. The Park is fully fenced and offers two storage garages and a private maintenance yard with a storage trailer. Desert Retreat has been owned and operated by the same family for 38 years.

NAI Horizon Manufactured Housing Specialist and Executive Vice President Andrew Warner, CCIM, represented the seller, a local trust, and the buyer, DT97 Desert Retreat, LLC of Gilbert, AZ.

“Can’t believe how complicated it is to sell something so simple to buy 40 years ago!” the sellers wrote to Warner.  “We appreciated how you took the time to explain everything to us and walked the whole way through it with us. The world has gotten so complicated since we bought it.  It was so helpful that you organized all the material you had us send you and put it into a marketable product. We feel that you took the time to understand what we wanted and went the extra mile to make it happen. You were always there with the time to answer any questions we had. We feel that you found the buyers who fit the property well.”

The seller continued, “The thing that really stood out to me was the way you kept us in the loop throughout the process. We never had to wonder what was going on, as we got a progress call from you personally every few days. Any time we can, we will recommend you.”

For more information, Warner should be contacted at 602.393.6780.

To learn more, see RED Comp #11389.