Saturday, February 17, 2018

California Investors Buy Two Kneaders Bakeries in Tucson for $5.8 Million

Two Kneaders Bakeries at 3550 N Craycroft Road in Tucson and 9660 N Oracle Road in Oro Valley recently sold to California investors shortly after completion. Both were built in 2016 and just recently opened, leased to Kneaders Bakery they sold in triple net investment sales. The Kneaders at 3550...

Rancho Sahuarita – Making New Home Building Great Again

SAHUARITA, ARIZONA – Richmond American Homes recently bought 71 finished lots at Entrada La Villita, the newest community in Rancho Sahuarita Master-Planned Community, for $3.266 million ($46,000 per lot) from Rancho Sahuarita VIII, an affiliate of Sharpe & Associates (Robert Sharpe, president). Ted Herman with Sharpe & Associates, who represented...

ABI Brokers $1.85M Apartment Sale Near Downtown Tucson/UA

TUCSON, Arizona -- ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $1.85 million / $57,813 per unit sale of the 32-Unit Villa Delano Apartments at 123 West Delano Street in Tucson, AZ. The property is a garden style apartment community originally...

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...

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...

Realty Executives’ Tucson Associate Negotiates $1.15+ Million in Two Transactions

TUCSON, Arizona -- James P. Robertson Jr., CCIM, Senior Commercial Associate Broker with Realty Executives Tucson Elite, announced the closing of two commercial transactions in Tucson, one a multifamily and the other for an automotive center. Robertson assisted the seller, Frank and Florence Cotta in the sale of Coventry Manor...

Tucson Restaurant, Vacant building, and Leased parking space on Speedway Blvd....

TUCSON, ARIZONA – Vice President David Blanchette, CCIM, of the NAI Horizon Tucson office, negotiated the $1.115 million ($247.50 PSF) acquisition of a restaurant, vacant building, and leased parking space at 2902-2952 E. Speedway Blvd., in Tucson. The freestanding retail building at 2902 E. Speedway is centrally located west of...

Colonia Verde Shopping Center Sells for $24.5M in Tucson

TUCSON, Arizona– Holliday Fenoglio Fowler, L.P. (HFF) announces the $24.5 million ($248 PSF) sale of and the $17.8 million acquisition financing for Colonia Verde, a 98,937-square-foot, grocery- and pharmacy-anchored neighborhood shopping center in Tucson. The HFF team marketed the property on behalf of the seller, Westwood Financial Corporation of Los...

Pioneer Title Agency Buys Tucson Building for $1+ million

TUCSON, ARIZONA -- Keith Newlon of Pioneer Title Agency purchased a 5,940-square-foot office property at 1889 N. Kolb Road in Tucson for $1,069,200 ($180 PSF) for its newest Tucson location. Built in 2003, the building is located in La Playa Caliente Office Park. Pioneer Title Agency is a full-service company...

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...

CopperRidge Healthcare Campus Planned at Shannon & Cortaro Farms in Tucson

TUCSON, Arizona -- CopperSands Inc. of Phoenix (Ron Leach, Sr. Vice-President) purchased 9.25 acres at the northwest corner of Cortaro Farms and Shannon Road in Tucson for $1.675 million ($4.16 PSF). The property was purchased for construction of CopperRidge Healthcare Campus, a Skilled Nursing Care Campus for seniors. The company...

Could Monsanto Be Going after the Pot Industry in Arizona?

TUCSON, AZ -- Seed giant, Monsanto Corp. bought 155.65-acres of agricultural land in Avra Valley northwest of Tucson last week for $3,741,510 ($24,038 per acre) from Avra Plantation, Inc. (Herb Kai, president). The property is located at the southwest corner of Sanders Road Extension and Twin Peaks Road in...
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