Oracle-Limberlost Retail Center Sells for $5.6 Million

TUCSON, AZ (December 23, 2024) The Limberlost Retail Center at 4128-4146 N Oracle Road in Tucson sold for $5.6 million ($146 PSF) for the shopping center at Oracle & Limberlost.

Built in 1974, the retail center had two spaces vacant when it sold. A 1,206-square-foot space and a 4,497-square-foot space in the 38,358-square-foot center. The former 99Cent Store space was rented to Dollar Tree, and the investor is a big fan of Dollar Tree anchored centers.

Patrick Luther with SRS Real Estate Partners in Phoenix represented the investor, T Limberlost AZ LLC of Dallas, TX.

The seller, Oracle Limberlost Shopping Center LLC is an affiliate of Whirlygig Properties, Barry Kitay and Lynn Taylor marketed the property and were self-represented in the transaction.

The transaction closed December 23, 2024.

Other tenants in the center include: Eyemart Express, Plato’s Closet, Little Caesars, Penzeys Spices, Freeway Insurance and Red’s Salon Shop. Major tenants nearby include: Home Depot, PetSmart, Total Wine, Lowe’s, Target, Michaels, Chuze Fitness, Nordstrom Rack and more that benefit from the tremendous vehicular traffic in the trade area.

For more information, Whirlygig can be reached at 520.546.9003.

To learn more, subscriber can access RED Comp #11673.



Universal Health Services of Tucson, LLC acquires Palo Verde Behavioral Health from Tucson Medical Center for $19.1 Million

TUCSON, AZ (January 28, 2025) — In 2014, UHS of Tucson, LLC (UHS) announced the acquisition and operation of the Palo Verde Behavioral Health at 2695 N Craycroft Road in Tucson from Tucson Medical Center (TMC). On December 19, 2024, the transaction was concluded for $19.065 million ($227.88 PSF) for the 83,663-square-foot facility.

TMC was represented by Rick Kleiner of Cushman & Wakefield | PICOR.

UHS has been delivering high-quality behavioral services that Palo Verde has a long tradition of providing to the Tucson community since 2014. The facility currently offers adult inpatient psychiatric and detox treatment services and outpatient treatment programs. UHS developed child and adolescent behavioral health programs, including adolescent inpatient treatment, co-occurring diagnosis programs, chemical dependency outpatient, and partial hospitalization programs to meet the great need and demand in Southern Arizona for these services.

UHS worked in partnership with Tucson Medical Center to expand the facility’s resources, adding 36 inpatient beds by the end of 2014 and increasing its capacity to 84 inpatient beds.

“We will continue to build and grow our operations around the excellent team of psychiatrists, registered nurses, clinical social workers and licensed professional counselors who are instrumental in our day-to-day delivery of quality behavioral services. We believe the expansion is essential to meet the behavioral health care needs of our patients in Tucson and the surrounding communities we serve,” said UHS Senior Vice President, Bob Deney.

“As we begin the seamless transition and integration of the operations to UHS, there will not be interruptions in the level of service you have been accustomed to and dedication to patient safety, customer service, and quality care will remain the same,” Mr. Deney added. UHS will keep a close working relationship with Tucson Medical Center through this transition and beyond. Both Tucson Medical Center and UHS share a commitment to providing exceptional care and superior service to its patients.

“Community Partnership of Southern Arizona (CPSA) enthusiastically welcomes UHS to Southern Arizona. UHS’ extraordinary expertise and commitment will help meet our community’s critical need for acute behavioral health treatment,” said Mr. Neal Cash, President and CEO of CPSA.

UHS is a leading behavioral health provider with 195 facilities in 37 states, Puerto Rico, and the U.S. Virgin Islands. It is also the largest facility-based provider of behavioral health services, operating more than 20,000 inpatient psychiatric beds throughout the country.

For more information, Kleiner should be reached at (520) 546-2745.



Chapman Management Group Facilitates Sale of Single Tenant Industrial Property

285 E Missouri St, Tucson

TUCSON, AZ (January 22, 2025)—A single-tenant industrial property located at 285 E Missouri Street in Tucson sold for $1,275,000 ($203 PSF) to BPM Holdings, LLC. The cross-dock industrial building featured ten roll-up bay doors and 6,275 square feet of leased space. It was occupied by a long-term tenant on a multi-year lease.

Chapman Management Group will manage the property for the new owners.

Erik Chapman, CCIM, CPM, and Nick Travassos, MRED of Chapman Management Group, LLC, represented Gallaher Grit Limited Partnership, the seller. Matt Hagan and Brian Payne of Lee & Associates Arizona represented the buyer.

The sale occurred on December 23, 2024.

For more information, Erik Chapman can be reached at (520) 867-8899, and Nick Travassos can be reached at (520) 867-8438.

To learn more, subscribers should refer to RED Comp #11716.