Wednesday, December 12, 2018

Former MIKID Corporate Headquarters in Phoenix Closes Escrow

PHOENIX, AZ – ORION Investment Real Estate is proud to announce the sale of the former MIKID Corporate HQ for $535,000 ($101/SF). This single user office is located along Thomas Road near 24th Street. Surrounding the property is Phoenix Children's Hospital, Phoenix Country Club, Camelback Esplanade, Biltmore Fashion Park...

Popeye’s Restaurant Joining Tucson Marketplace at the Bridges

TUCSON, Arizona -- Tucson Marketplace at the Bridges is at Kino and I-10 in the southern submarket of Tucson. This 114-acre project anchored by Costco and Walmart will have approximately 1 million-square-feet of shops, pads, entertainment and anchors when fully completed. It has experienced some exceptional growth this past...

California Investor purchases Tucson Medical Building for $2.7 Million

TUCSON, ARIZONA – A California investor purchased the office building at 4745-4753 E. Camp Lowell Drive in the Swan Corporate Center in Tucson for $2.7 million ($209 PSF). The 12,923-square-feet of rentable space was 100% occupied by three long-term tenants at time of sale. Built in 2001 in Swan Corporate...

Larsen Baker Buys Tucson Building for New Neighbors Emergency Center

TUCSON, Arizona -- Larsen Baker of Tucson (George Larsen, principal) purchased a 6,894-square-foot retail building located at 7285 E. Tanque Verde Rd. in Tucson, from The Price Group, LLC for $1.194 million ($173 PSF). The property was formerly a personal training / fitness center, most recently doing business as Marcel’s...

Dollar General Stores Sell in Two Separate Transactions for $3.5 Million

TUCSON, Arizona – DCM Development Company of Tucson (Chris Lechner, managing member) sold the newly constructed Dollar General store serving Picture Rock area at 6780 N Sandario Road in Tucson for just under $1.75 million ($194 PSF). The 9,000-square-foot Dollar General store with 54,450-square-feet of land opened in October and...

Lennar to Build first 82 Homes in New Entrada Del Rio...

New homes will be the builder’s first in the award-winning master plan TUCSON, Arizona – Rancho Sahuarita has announced that the first homes in its newest neighborhood of Entrada Del Rio will be built by award-winning builder, Lennar Homes. The builder will make its official debut in the community, with...

ABI Handles Condo Sale at The Greens for $4.99 Million

TUCSON, Arizona -- Long Beach, California investors, HSG Tucson, LLC (Scott Hamilton, manager) bought 54 condos at The Greens at Ventana Canyon, 5800 N Kolb Road in Tucson. Built in 1986 for apartments, and condominium converted in 2006, this class A property has 265 total units. The 54 condos...

Vail Area in Tucson seeing Record High Housing Demand

TUCSON (VAIL), ARIZONA -- Lennar Homes bought 160 lots at Rincon Knolls in Vail, Arizona before the end of year for $3,024,125 ($18,900 per lot) The platted and fully engineered lots were sold by TTLC Rincon Knolls, LLC an affiliate of The True Life Companies-(Aidan Barry, Senior VP) in this...

Berkadia Handles Two Tucson Multifamily Sales Worth Nearly $49 Million

TUCSON, ARIZONA -- Berkadia has completed the $27.9 million ($109,645 per unit) sale of Dorinda Vista, a multifamily property at 7576 and 7596 North Mona Lisa Road in Tucson. Senior Managing Director Art Wadlund and Associate Director Clint Wadlund of the Tucson Berkadia office completed the sale on behalf...

Tucson’s Tractor Supply on Valencia Sells for $5.075 Million

TUCSON, ARIZONA – Tucson South Development Group, LLC, an affiliate of Long Development Corporation (David Long, president) sold the Tractor Supply store at 1715 W Valencia to IS Corporation of Boca Raton, Fla. for $5.075 million ($234 PSF) in a net lease sale. The 21,702-square-foot Tractor Supply store on 2.3...

LAO-Tucson Closes on $12.61 Million of Land Sales in Northwest Tucson

TUCSON, Arizona -- Will White and John Carroll with Land Advisors Organization (LAO) closed this week on $12.61 million in land sales in Rancho Vistoso and Gladden Farms in Northwest Tucson submarket. A New York-based land investment REIT, JEN Arizona 32, LLC and affiliate TerraWest Communities (Mike Jesberger) purchased Blocks...

Demand Grows for Better Infill Sites in Tucson

KB Homes has New Infill Subdivision in Northwest TUCSON, Arizona -- KB Home closed on a 17+ acres for a new infill project at the southwest corner of La Cholla and Corral Ridge Loop in Northwest Tucson near OMNI Tucson National Golf Resort. The property commanded a sale price...
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