Dallas-based, MedCore Buys Office Space at Oracle-Ina Professional Plaza for $3.1 Million

TUCSON, ARIZONA (January 25, 2023) MCP Tucson Endo, LLC an affiliate of MedCore Partners of Dallas, TX purchased the second floor at Oracle-Ina Professional Plaza, 7490 N Oracle Road for $3,049,800 ($255 PSF).

The newly built 11,960 square feet of office space was in shell condition and was purchased to owner occupy by MedCore.

Based in Dallas-Fort Worth, MedCore Partners is a full-service real estate company dedicated exclusively to the healthcare & senior living industry.

Oracle Medical Plaza consists of six buildings totaling 93,600 SF. Quality medical & professional offices designed with a surgery center on-site with abundant parking – 1 space per 185 square feet and at-door parking for all floors.

Richard M. Kleiner, MBA, Principal, and Thomas J. Nieman, Principal, Office Specialists with Cushman & Wakefield | PICOR, represented the seller in this transaction. Larry Serota and CeCe Conway with Transwestern in Chicago, represented the buyer.

The transaction closed December 16, 2022.

For more information, Kleiner and Nieman should be reached at 520.748.7100.

To learn more see RED Comp #10449.

Illinois Investor Buys River Village at River & Oracle – Sells for $5.8 Million

TUCSON, ARIZONA, (January 23, 2024) — River Village Retail Center at 5002-5068 N Oracle, at the northeast corner of Oracle & River Road, sold for $5.8 million ($256. PSF).

The property has two buildings with a total of 22,636 square feet and nine tenants. Built in 1979, the center is located at Tucson’s busiest intersection with 80,000 cars per day.

Tenants include: Pet Club, Audio Express, Shogun Sushi, and more. Denny’s is an anchor tenant at an out pad at the center just north of the Tucson Mall, Tucson’s largest regional mall.

The transaction closed December 21, 2022.

The investor is JVZ Greystones Trust of Highland Park, IL that purchased the property from The  River Equities, LLC of Tucson c/o Joel Katz, manager. John Redfield with SRS Real Estate Partners of Newport Beach represented the seller.

To learn more, see RED Comp #10382.

Former Boston Market Sells for Investment Conversion

TUCSON, ARIZONA, January 20, 2023 – The former Boston Market at 6610 E Grant Road in Tucson sold for $1.7 million ($561 PSF).

The buyers were 51 McDowell, LLC c/o Rick Volk and 670 W Valencia, LLC c/o Jeramy Price, both brokers with VOLK Company in Tucson.

The 3,028-square-foot building on a 19,045-square-foot lot was built in 1994 and closed in 2019 and the building has been vacant since that time.  The property was sold for lease to a new restaurant concept.

“We have had interest from several restaurant users,” Volk said. “We also in discussions on dividing the building for several users. The property offers a lot of flexibility with its drive-thru and marquee signage on Grant Road near Tanque Verde.”

An out pad to the Albertson’s Shopping Center at the southwest corner of Tanque Verde and Grant, other services nearby include Chick-fil-A, Beds & Mattresses Store, McDonalds, and Chipotle.

The seller was a Private Trust from Chicago.

For additional information, Volk and Price can be reached at 520.326.3200.

To learn more, see RED Comp #10392.