Wednesday, November 22, 2017

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...

Peach Properties Acquires Downtown Tucson Building from Providence Corporation

TUCSON, Arizona -- Ron Schwabe and Marcel Dabdoub have partnered again, this time, to buy 44 East Broadway Blvd. in Tucson for $4,332,990 ($135 PSF) and 30,000-square-feet of parking lots from The Providence Service Corporation of Stamford, CT. Home to Ron Schwabe and Peach Properties’ central office, this large multi-use...

Larsen Baker Closes on South Plaza Vista Retail in Sierra Vista

Sierra Vista, Arizona – An investment group, South Plaza Vista LLC led by the principals of Tucson-based Larsen Baker LLC, George Larsen, CCIM recently purchased the 65,000-square-feet former Sutherland’s Lumberyard building at 493 N. Highway 90 Bypass in Sierra Vista for $2.35 million ($36 PSF) in Cochise County. South Plaza...

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...

Recent Residential Development Sales in Metro Tucson Total $6.27 Million

Meritage Homes of Arizona purchased 26.72 acres block platted land at Silverhawke North subdivision in Oro Valley, in the northwest submarket of Tucson, for $3,489,575. Zoning for the block is R1-7 but the number of lots was undetermined. The seller, Capri Company of Tucson (Herb Kai, manager) was represented...

In one and a half years, Mister Car Wash Outgrows Tucson...

TUCSON, Arizona — Mister Car Wash, based in Tucson Arizona, has acquired five more car washes, four in Tucson and one in Sierra Vista, in keeping with the company’s growth by acquisition strategy. Mister Car Wash now operates 201 car washes and 34 express lubes in 19 states and...

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...

E-Konomy Pool Services in Tucson Exercises Lease Purchase for $2.1 Million

TUCSON, AZ -- DeCook Properties (William De Cook, manager) dba E-Konomy Pool Service & Supplies purchased the building at 6020 East Speedway Blvd. in Tucson for $2.1 million ($146 PSF). The buyer has been a tenant at the 14,369-square-foot building on 4.2 acres since February 2015, and exercised a...

New Subdivision and HomeBuilders – Tucson NW & SE

TUCSON, Arizona -- An affiliate of Tucson Land and Cattle Co. (Jim Campbell, manager) bought 59-acres at La Canada & Overton in Northwest submarket Tucson in Pima County for this new subdivision, Overton Reserve. The developer plans to develop 106 lots: the Northern 39-acres with 83 lots and a 2.1...

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...

Maracay Homes Purchases 93 Lots in Goodyear for $3.8 Million

Neighborhood with all-new floor plans scheduled to open in late 2017 GOODYEAR, Ariz. –  Maracay Homes, a wholly owned company of the TRI Pointe Group (NYSE: TPH), closed on a $3.8 million purchase of 93 homesites for courtyard cluster single-family detached homes in the Rio Paseo Cottages community on West...

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...
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