3rd Quarter Sales

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First Watch Restaurant Sells as Net-Lease Opportunity for $4 Million

TUCSON, AZ (July 23, 2024)—The First Watch Restaurant at 2943 North Campbell Avenue, which opened on January 29, 2024, sold as a net lease investment for $4 million ($960 PSF). The newly renovated, single-tenant property is occupied by First Watch restaurant and features a drive-thru/pick-up window. It is located two miles from the University of Arizona. […]

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PISA Monetizes Real Estate Asset in Sale-Leaseback of Tucson Property

TUCSON, Ariz. (October 20, 2023) — Montecito Medical, a Nashville-based REIT, acquired the Pain Institute of Southern Arizona office building at 4741 East Camp Lowell at the Swan Corporate Center in Tucson for $2.9 million ($597 PSF) in a sale-leaseback agreement. The Pain Institute of Southern Arizona (PISA) is a medical practice specializing in Interventional Pain

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Sevilla Apartments in Tucson Sells for repositioning

Tucson, Ariz. (October 19, 2023) – Twenty-four two-bedroom / one-bath units, in two-story buildings at 3234 E Bellevue Street in Tucson sold for $2,917 million ($121,541 per unit). Amenities include a pool and onsite laundry; all units have fenced patios or balconies. Built in 1979, the property had 92% occupancy when sold and an average current

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