TUCSON, AZ (September 16, 2025) — The former Kmart property on Golf Links Road in East Tucson has sold for $5.72 million. Built in 1990, the single-story building totals 89,414 square feet and sits on more than seven acres, offering expansive parking with 411 spaces and two grade-level roll-up doors. The site also includes two additional pads with drive-thrus available for sale or lease.

The transaction closed on August 22, 2025.

At the time of sale, the property was 86 percent occupied with three tenants: ArchWell Health in Suite 100, Platinum Fitness, and Bookman’s Entertainment Exchange. Approximately 12,500 square feet remained vacant, presenting leasing opportunities for the new owner.

The buyer, Bob Speedway LLC, is a Tucson-based investment group. The seller, Leyenda en Tiempo LLC of Albuquerque, had held the property since the late 2000s. Greg Furrier and Natalie Furrier of Cushman & Wakefield | PICOR represented the seller, while the buyer, Bob Zhang, represented himself. The Furriers will continue to lease the property on behalf of the new owner.

This sale reflects a broader trend across Tucson, where older big-box retail sites are being repositioned into multi-tenant centers, medical offices, or storage facilities, underscoring investor confidence in repurposing large-format retail for modern uses.

For more information,  Natalie Furrier can be reached at (520) 955-7663, and Greg Furrier is at (520) 546.2735. Bob Zhang can also be reached at (520) 977.4676.

Source: RED Comp #12062

TUCSON, Arizona (September 10, 2025) – Oracle Ventures, LP, c/o Richard Sacks of La Jolla, CA, has purchased the 196-unit Casa Estrella del Norte apartment community at 1601 N Oracle Road at Oracle Rd & Drachman St in Tucson with undisclosed terms. The seller was Jefferson Capital Property Holdings, LLC, c/o Bryan Krizek of Lorton, Virginia. The sale closed September 2, 2025.

The property, originally built in 1959, spans approximately 7.4 acres and is comprised entirely of studio and one-bedroom units averaging 378 square feet. All 196 units were delivered vacant at closing, positioning the buyer for a full restoration and repositioning program.

At the purchase price, the deal reflects approximately $34,184 per unit, or just over $905,000 per acre.

Institutional Property Advisors (a division of Marcus & Millichap) brokered the transaction. The IPA team of Hamid Panahi, Clint Wadlund, Steve Gebing, and Cliff David represented the seller and also procured the buyer.

Known historically as Estrella del Norte, the community has operated under several different uses in past decades, including student housing and transitional housing. Its prominent location along Oracle Road places it within close proximity to downtown Tucson and the University of Arizona.

For more information, Panahi and Wadlund can be reached at (520) 202-2900.

See RED Comp #12083 for more details.

TUCSON, Ariz. (September 10, 2025) — An affiliate of Larsen Baker, in partnership with Repp Mclain and Ambrell Capital, has purchased the former Chase Bank branch located at 2465 N. Campbell Avenue—the 6,200-square-foot building sold for $2,400,000 ($387 PSF).

Isaac Figueroa, CCIM, SIOR, of Larsen Baker represented the buyer in the transaction. The partnership is considering a range of possibilities for the property, including adaptively reusing the existing structure or pursuing redevelopment.

“This site is a rare find not only because it has nearly an acre of land on Campbell, but the mid-century building is also very attractive, adaptable to a lot of different uses,” said Melissa Lal, CCIM, CEO of Larsen Baker.

Lal and Figueroa can be reached at (520) 296-0200 for further information.