Monday, May 21, 2018

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...

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...

Sahuarita Plaza Sells for $14.8 Million

Sahuarita, Arizona – The Sahuarita Plaza Shopping Center at 18705-18806 South I-19 Frontage Road in Sahuarita sold for $14,760,492 ($106.47 PSF). The seller, Cole Valley Partners (Zach Bonsell, managing partner) acquired the Sahuarita Power Center located at the I-19 and Duval Mine Rd Interchange in December, 2014. Dollar Tree was...

Charlie’s Comic Books Grand Reopening Feb. 1st with Thousands of 25¢...

TUCSON, Arizona -- There will be thousands of comics available for only TWENTY-FIVE CENTS EACH for TEN DAYS starting February 1st, to commemorate the GRAND REOPENING of Charlie’s Comic Books in its new location at 1421 S. Kolb Road, Tucson, AZ 85710. Charlie’s Comic Books will relocate from 5460 East...

Office Building in Palisades Corporate Plaza sells for $4.5 Million

Oro Valley, Arizona -- Vast Commercial Real Estate Solutions (Vast CRE) brokered the sale of a Class A corporate building at 8950 N Oracle Road, Oro Valley, AZ 85704. Located along the high-traffic Oracle Road corridor in the Palisades Corporate Plaza, the 41,134-square-foot space sold for $4.5 million ($109.40...

Long Realty Sells Titan II Missile Bunker in Marana for $1.5...

TUCSON, Arizona -- What was once one of America's most top secret places is now Acacia Nursery at 8080 West Tangerine Road in Marana. GreyWolfe Investments of Gilbert bought the 10-acre site for $1.5 million ($150,000 per acre). Divided into two parcels, five acres holds Acacia Nursery business and...

Tractor Supply Center to be joined by Goodwill Store at Midvale...

TUCSON, ARIZONA –  Earlier this year, Tucson South Development Group LLC, an affiliate of Long Development Corporation (David Long, president) purchased 5.34-acres south of the southeast corner of Indian Agency Rd and Valencia Rd in the Midvale Park Shopping Center in Tucson, Arizona to split into two lots. The construction...

Marana El Pollo Loco Investment Sale Concluded for $2.56 Million

TUCSON, Arizona - El Pollo Loco at 3781 W Ina Road sold for $2.56 million ($771 PSF) in an investment sale. The former Burger King restaurant site was sold and converted by WKS Restaurant Group (Roland Spongberg, CEO) in 2015 to El Pollo Loco. Headquartered in Lakewood, California, WKS Restaurant...

Twin Peaks Retail Property in Marana Sells for $5.12 Million

Marana, Arizona -- 7455-7475 W Twin Peaks Road in Marana sold to John Kai, Jr., LLC for $5.12 million ($275 PSF). This is the second purchase at Twin Peaks Plaza for the investor. Earlier this year, 7555 W. Twin Peaks Rd, an 8,540-square-foot retail pad building, was purchased for $2 million...
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