Saturday, December 15, 2018

California Investor Buys 3 Mobile Home Communities in Tucson for 7.35...

A California investor, Wayne Comfort, has invested in three mobile home communities in Central Tucson for an aggregate total of $7.35 million. The Lamplighter Mobile Home Park at 3431 N Flowing Wells Road in Tucson sold for $2.4 million ($35,820 per space). The 67-site park is a three-star, all age...

DR Horton Acquires New Platted Subdivision in Southern Submarket of Tucson

TUCSON. ARIZONA – D.R. Horton (Brent Davis, Division President) purchased 39 acres at 5975 S Tucson Blvd. in Tucson for $2.184 million ($21,204 per lot).  The property is platted for 103 homesites known as Tres Pueblos Este and is ready for development. Located at the northwest corner of Tucson Blvd....

Lennar Joins Meritage and Richmond at La Estancia in Tucson

TUCSON, Arizona – SBH La Estancia, an affiliate of Sunbelt Holdings, the developer of La Estancia has sold 350 lots in 2017 with Meritage, Richmond and now Lennar Homes there. La Estancia has sold more lots than any master planned community in metro Tucson, making it the best performing...

Tucson Student Housing Near UA Closes at $2.7 Million

TUCSON. Arizona  – Located less than one half mile south of The University of Arizona Campus, Cherry Park Studios student housing complex closed for $2.695 million ($165.32 PSF / $158,500 per unit). Cherry Park Studios consists of 17 student housing apartments. The property was originally built in 1952, then expanded...

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...

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...

Sprint Store on Valencia Road Sells in Investment Deal for $1.455...

TUCSON, ARIZONA – Local investor, RJK PI, LLC (Robert Kivel, manager) purchased the Sprint Building at 1840 West Valencia Road in Tucson for $1.455 million ($485 PSF). The property was occupied by Sprint in a triple net long term lease and sold in an investment sale. Build in 2001, the...

Marana Safeway Sells in $720M Bulk Sale-Leaseback Agreement to CF Albert...

MARANA, Arizona – Safeway Store #1749 at 9100 N Silverbell Road in Marana sold as part of an agreement that included 71 stores to a Delaware limited liability company for an aggregate purchase price, exclusive of closing costs, of approximately $720 million, in a sale leaseback agreement. According to...

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...

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...

5 Recent Tucson Multifamily Sales – C&W Picor Brokers $7.1 Million...

TUCSON, ARIZONA -- A private investment group purchased The Compound Student Housing at 774 E Seneca in Tucson for $3.15 million ($112,500 per bed). The 7-unit property was 100% occupied when is sold. Allan Mendelsberg, Multifamily & Investment Specialist with Cushman & Wakefield | PICOR, handled the transaction for...

Escalante Adds The Gallery Golf Club at Dove Mountain to Portfolio

TUCSON, Arizona – The Texas-based company Escalante Golf recently acquired its second Arizona property, The Gallery Golf Club for $7.1 million. The 36-hole Gallery has hosted a number of high profile events including the Tucson Open, the Accenture World Match Play Championship, and numerous amateur and college events. Located...
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