TUCSON, ARIZONA — Rick Borane of Volk Company in Tucson represented Panthera Pavilion, LLC (Stephen Grimm, manager) in its purchase of the 8,055-square-foot building and 14,425-square-feet of land at 1030 North Alvernon Way in Tucson for $700,000 ($87 PSF).

The property was fully leased to the UA Department of Family and Community Medicine for its RISE Health & Wellness Center that has been there for a number of years.

The Camp Wellness began in 2009 in response to the fact that adults with serious mental illness (SMI) have a shorter life expectancy than other adults – 25 fewer years on average, nationally. People with SMI are more likely to suffer from chronic medical conditions, including obesity, heart disease and diabetes.

In 2012, Pamela Hyde, JD, director of the U.S. Substance Abuse and Mental Health Services Administration, visited Camp Wellness and talked with students about what they gain from the program. Later that year, at the 2012 conference of the National Council for Community Behavioral Healthcare, she hailed Camp Wellness as the nation’s most comprehensive wellness program for people with SMI.

The seller was CS&Z Holdings, Inc.

For more information, contact Rick Borane at 520.326.3200.

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 3,000-square-foot building is located on a 28,600-square-foot pad in a highly desirable area with Lowes’ Center in West Tucson. Near a new Fry’s store and Tractor Supply across the street.

Sprint, controlled by Japanese billionaire Masayoshi Son, the owner of Softbank, converted several hundred Radio Shack locations into Sprint corporate stores last year when Radio Shack filed Chapter 11 for a second time. In an attempt to keep the doors open on 1,740 stores, RadioShack had struck up a partnership with Sprint during its first bankruptcy, inviting the mobile carrier to co-brand with the company and set up smaller stores within its own.

At the time, Sprint viewed RadioShack’s retail footprint as a way to quickly scale up its own business, and RadioShack hoped to benefit from increased liquidity in the form of rent and commission payments from Sprint. However, the relationship did not yield the benefits RadioShack had hoped and the Sprint RadioShack experiment ended with RadioShack’s second Chapter 11.

Debbie Heslop, CCIM, of Volk Company in Tucson represented the investor and Ellen Golden of Goldsmith Real Estate represented the seller, Transbay Capital, LLC of California.

For more information, Heslop can be reached at 520.326.3200 and Golden should be contacted at 520.219.3100.

To learn more, see RED Comp #5433.

Marana, Arizona – Northwest Fire District (NWFD) knowing time is of the essence in an emergency has purchased two new sites for stations: a 2.76-acre parcel in Dove Mountain for $735,781 ($6.12 PSF) and a 1.48-acre lot at Gladden Farms for $400,00 ($6.20 PSF) both in Marana, Arizona.

“Northwest Fire District’s stations are strategically located throughout the District to ensure help arrives as quickly as possible,” Dugger Hughes, Deputy Chief, Logistics of Northwest Fire told us.  “The location of each fire station is based on an assessment of the growing community’s specific risks, call loads and types, and areas that offer rapid responses to handle these identified risks.”

The last station built in the district was constructed in 2010 at Tangerine and Thornydale, 12095 North Thornydale Road in Marana, Station #39. With the tremendous growth in residences in the northwest, additional stations are now needed to maintain or improve services, as well as to reduce response times and could have a big impact on Marana.

A third new station is planned for Twin Peaks and I-10 on 2.5 acres of land that was donated to the District and will follow the relocation of Station #37 to the Dove Mountain site and construction of the new Gladden Farms station.

NWFD also has plans to construct a new 13,500-square-foot Administration Building west of I-10 adjacent to its current training center at 5125 W Camino de Fuego in Marana where it owns 12-acres. Anticipated delivery of this building is early Summer 2018.

The expenditures for these projects are made possible through bonds approved by voters last fall.

Core Construction Company of Tucson has been selected for all of these projects to act as General Contractor.

Will White with Land Advisors Organization in Tucson handled the transactions with associate, John Carroll on both the Gladden Farms and Dove Mountain sites. The seller at Gladden Farms was Crown West Realty (Dean Wingert, member) and Tortolita Properties, LLC (Art Powell, member) at Dove Mountain.

For more information, White and Carroll can be reached at 520.514.7454.

To learn more, see RED Comp #5430