Phoenix, AZ. (October 8, 2025) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $8,100,000 / $126,563 Per Unit / $186.49 Per SF sale of Equinox on 5th Apartments, a 64-unit multifamily apartment community located in Tucson, Arizona. Facilitating the transaction was ABI Multifamily’s Phoenix-based Institutional Arizona Team – Alon Shnitzer, Rue Bax, Eddie Chang, Doug Lazovick, and Tyler Bruggman, in collaboration with ABI Multifamily’s Tucson Apartment Team – Desiree Palmer and Ryan Kippes.

The Buyer and Seller are based in California.

Equinox on 5th Apartments is a 64-unit, multifamily community located in the East Central Tucson submarket of Tucson, AZ. Ideally situated on East 5th Street just west of North Alvernon Way, the property is within one block of Reid Park, less than two miles from the University of Arizona and Park Place Mall, four miles from Downtown Tucson, and eight miles from the Tucson International Airport. A variety of shopping, dining, and entertainment options are available nearby at both the El Con Center Mall and Park Place Mall which includes Dillard’s, Total Wine & More, Sephora, Banana Republic, Old Navy, Yard House, Round1 Bowling & Arcade, and Cinemark Century movie theater.

The Equinox on 5th Apartments features a total of 10 buildings of different vintages (1947, 1959, 1968, and 1986) on four parcels, all of which underwent recent renovations between 2019 and 2020. The property features an overall unit mix consisting of 5 studio units, 34 one-bedroom / one-bathroom units, 20 two-bedroom / one-bathroom units, 2 two-bedroom / two-bathroom units, and 3 three-bedroom / two-bathroom units, with a weighted average of 679 SF. Select units that include a washer and dryer, as well as spacious patios or balconies. All units offer air conditioning/heating, large windows, and fully equipped kitchens, including refrigerators, ovens/stoves, microwaves, dishwashers, and garbage disposals. Upgraded units feature white shaker cabinetry, quartz countertops, wood-style flooring, and ceiling fans. The community amenities include a swimming pool, two on-site laundry facilities, a dog park, a courtyard and ramada, gas barbecue grills with a picnic area, an on-site rental office, and open and covered parking.

Equinox on 5th benefits from close proximity to several of Tucson’s major employers, including Banner University Medical Center, Tucson Medical Center, Texas Instruments, Caterpillar, ADP Tucson, and the University of Arizona.

For more information, ABI can be contacted in Phoenix at 602.714.1400 and in Tucson at 520.265.1993.

Source: RED Comp #12124

TUCSON, AZ (October 7, 2025) – The Sisters of the Immaculate Heart of Mary have sold a portion of their Northwest Tucson campus to Mis Manos Montessori School for $3 million, marking a significant transition in the property’s use from a parochial middle school to a private Montessori program serving kindergarten through 3rd grade.

The transaction involved 13,578 square feet of building space situated on 3.6 acres at 425 E. Magee Road, near Oracle Road in the Northwest submarket. The purchase price equates to $221 per square foot and approximately $833,333 per acre

The property, originally built in 1973, was part of the broader 17.5-acre Immaculate Heart School campus. A minor land division was executed to “carve out” the 3.6-acre parcel sold to Mis Manos Montessori, with the remainder of the campus retained by the Sisters for other institutional and educational uses

The seller was listed as the Sisters of the Immaculate Heart of Mary, represented by Sister Alice Martinez, Director. The buyers of record were Francisco J. and Maria H. Castro, affiliated with Mis Manos Montessori School. Importantly, Immaculate Heart High School, located at 625 E. Magee Road, remains operational, continuing its long-standing role in the community.

Angelica Dutton of eXp Commercial represented both the buyer and the seller in the transaction.

“This sale allows Mis Manos Montessori to expand its educational footprint in the community while preserving the legacy of the Immaculate Heart campus as a place of learning,” said Dutton.

The acquisition underscores continuing demand for specialty and educational properties in the Tucson market, particularly as private and charter schools expand to meet population growth in Pima County.

For more information, contact Dutton at 520.548.9999.

Source: RED Comp #12122

TUCSON, AZ (October 7, 2025) — Geronimo Casitas, LLC has purchased the Geronimo Apartments, a 19-unit multifamily community located at 2514 N. Geronimo Avenue in Tucson’s Northeast submarket, for $1,450,000 ($76,315 per unit / $172.15 PSF). The sale was recorded on September 19, 2025.

The seller was The Ramy Muaddi and Cecilia Muaddi Revocable Trust, with the transaction handled through Premier Title Agency. The buyer, an Arizona entity affiliated with EMP Holdings LLC, was represented by Mr. Maximian S. DeMeol, a member.

Built in 1952, the 8,423-square-foot masonry complex occupies 0.83 acres within the Coronado Heights subdivision. The property comprises nine duplexes, each averaging 900 square feet, and one casita of 323 square feet, totaling 19 one-bedroom, one-bath units. Amenities include laundry facilities, storage space, and a walled and fenced lot.

Allan Mendelsberg and Joey Martinez, Principals and multifamily specialists with Cushman & Wakefield | PICOR in Tucson, represented both the buyer and seller in the transaction.

This investment sale reflects ongoing demand for smaller, value-add apartment communities in central Tucson, where limited supply and rising rents have sustained investor interest in mid-century masonry properties with repositioning potential.

For more information, contact Mendelsberg at 520.546.2721, and  Martinez is at 520.546.2730.

Source: RED Comp #12105