Rita Ranch Commerce Center Lots Selling Quickly

TUCSON, AZ (Jan. 31, 2024) – Three lots within the master-planned commercial and industrial park of Rita Ranch Commerce Center were sold recently to local businesses. Zoned I-1 and I-2, the 256-acre Rita Ranch Commerce Center is located northwest of Houghton and Old Vail Road in the southeast submarket of Tucson, near the UA Tech Park and Rita Crossing and adjacent to Houghton Town Center. Some of the businesses in the center include TuSimple, Blue Bell Creameries, Direct TV, Acacia Windows & Doors, and Tractor Supply, which are coming soon.

Lot 26, a 2.24-acre industrial lot at 9617 E Old Vail Road in Tucson, sold for $416,390 ($4.27 PSF) to Pools By Design (Ken Larison, manager) to construct a showroom/warehouse and contractor yard for the company.

Lot 29, a 1.7-acre industrial lot at 9537 E Old Vail Road in Tucson, sold for $295,652 (3.99 PSF). The buyer owns Stark Electric Company (Rober B Stark) and purchased the lot for a company contractor yard and future building.

Lot 27, a 1.68-acre industrial lot, was sold for $293,336 ($4.00 PSF). The buyer is South32Hermosa, Inc., the manganese and zinc mine in Patagonia. The lot will be used as a park-and-ride for employees. The address is 9597 E Old Vail Road in Tucson.  Manganese and zinc are ‘essential minerals’ for powering the world’s clean energy future.

The seller, Rita Commerce Development Company, an affiliate of Diamond Ventures, is represented by Paul Hooker and Jesse Blum of Cushman & Wakefield | PICOR. Bob Davis of Tango Commercial Real Estate represented the buyer of lot 26 for Pools By Design.

For more information, Hooker can be reached at 520.546.2704, and Blum is at 520.546.2772. Davis should be called at 520.906.5682.

To learn more, see RED Comps #10972, #11053, and #11068

Two New QSRs Coming to Marana Main Street

MARANA, AZ (January 26, 2024) – Marana Main Street, southwest of Marana Road and I-10 in Marana, will get two new quick-serve restaurants.

The Marana Main Street Project is a 28-acre planned project in the Town of Marana just north of the Town Hall and Municipal Complex. The project is the gateway to Marana and provides a necessary link to Main Street facilities from Interstate 10 and a “sense of place” with a distinct look and feel.

The development includes an attractive combination of retail, dining, office, and lodging facilities with access to and exposure from Interstate 10 and associated Exit 236.

PK Dunkin Properties, LLC (Dunkin Donuts) purchased Blocks 15 & 16, 32,250 square feet of land at Marana Main Street, for $515,000. Ben Craney and Scott Soelter with NAI Horizon represented the seller, and Joey Castillo with Volk Company represented the buyer. 

The Dunkin Donuts Site sale was completed on December 20, 2023.

STRR Investments, LLC (Kentucky Fried Chicken) purchased Block 17, 32,760 square feet of land at Marana Main Street, for $573,247.  Ben Craney and Scott Soelter with NAI Horizon represented the seller, and Greg Saltz with GPS Commercial Advisors represented the buyer in this transaction.

The KFC Site sale occurred on January 8, 2024.

To learn more, contact Craney and Solter at 520.326.4500. Saltz can be reached at 480.612.0510, and Castillo is at 520.495.2234.

To learn more, see RED Comp #11047 and #11090.

Fiesta Plaza Retail Strip Center in South Tucson Sells for $3.7 Million

TUCSON (January 23, 2024) – Fiesta Plaza Strip Center at 5550, 5650 & 5680 S 12th Avenue in Tucson sold for $3.7 million ($114 PSF). With 22 retail spaces, the center was 95% occupied when it sold. Built in 1998, the 32,400-square-foot center in three buildings is on 3.67 acres.

Tenants included La Bella China Restaurant in 3,600 square feet at 5680 S 12th Avenue, Z market, Sushi Kito, Mpire Barber, Christian Fellow, Lab Express, Arte Salon, Divina Bridal, Chainfruit and Deep Diving, Inc. in 5650 S 12th Avenue.  Mariscos Grill, Cell Fix, Nails by Tony. Joyeria La Princess, Tufesa, BeaUtiful Salon, and Jenny’s Fashions are at 5550 S 12th Avenue.

Chris Tsighis and Victoria Lem with Coldwell Banker Realty represented the seller, Foothills Business Ventures, LLC of Tucson. Charles Brent Elsten with AZ Flat Fee in Gilbert represented the buyers, a couple from Huntington Beach. CA.

For more information, Tsighis can be reached at 520.577.5417, and Lem is at 520.272.0585. Elsten can be contacted at 480.771.1511.

To learn more, see RED Comp #11070. The transaction closed on December 29, 2023.