Vacant Catalina Retail Building with Drive-Thru Sells for $787,500

Catalina Retail

TUCSON, AZ (Nov. 19, 2025) — A vacant two-tenant Catalina retail building formerly anchored by Canyon Bank and Little Caesars has sold for $787,500 ($229.59 PSF) in an all-cash transaction closed on November 14. The property, located at 15883 North Oracle Road in Tucson’s fast-growing Northwest submarket, consists of a 3,430-square-foot building situated on 0.59 acres.

Built in 2005, the building features two units — a 2,130-square-foot bank branch with a drive-thru, and an adjacent 1,300-square-foot Little Caesars location. The site includes 35 dedicated parking spaces and is zoned CB-2 General Business.

The seller, KB Canyon LLC of Honolulu, Hawaii, transferred the property to Catalina 5 LLC, based in Tucson. Gordon Wagner and Ben Craney represented the seller with NAI Horizon, along with Bob Broyles of Colliers; Karen Farrell and Jordon Simon represented the buyer with Venture West.

The property sits along Oracle Road’s established commercial corridor, surrounded by national retailers, service providers, and residential growth. With its drive-thru banking component, long-term national quick-service tenancy, and frontage along a major arterial, the site represents a stable income-producing asset within a high-traffic retail trade area.

For more information,  Wagner can be reached at 520.326.2200, and Craney is at 520.326.4500. Farrell and Simon should be called at 520.722.9292.

Source: RED Comp #12197.




QSR PAD Sells to Burger King Developer at Tangerine Commerce Park

Tangerine Commerce ParkMARANA, AZ (November 6, 2025) – A .87-acre commercial pad at Lot 4G in Tangerine Commerce Park, located at the southwest corner of Tangerine Road and Interstate 10, has sold for $1,300,000. The buyer, B&D Real Estate, LLC, doing business as Burger King Restaurant, purchased the site for future restaurant development.

The seller was R11 Tangerine Corporation, an entity associated with the Tangerine Commerce Park ownership group. NAI Horizon brokers Ben Craney and Gordon Wagner represented the seller in the transaction. Mark Bramlett with Lee & Associates represented the buyer.

This latest sale continues the rapid buildout of Tangerine Commerce Park, a key commercial node at the I-10 interchange serving the growing Marana trade area. The 0.87-acre pad is expected to accommodate a freestanding Burger King drive-thru location, adding another national quick-service brand to the corridor, which already includes several major retail and restaurant users.

The property lies within the Tangerine Corridor submarket, one of northwest Tucson’s most active commercial growth areas. Surrounding developments include new hotels, retail, and industrial projects, which contribute to increased traffic and investment along Tangerine Road.

For more information, please contact Craney at 520.326.4500, Wagner at 520.326.2200, or Bramlett in Phoenix at 602.986.7777.

Source: RED Comp #12146




Northmarq brokers $32M sale of Ventura Villas, 312-unit garden-style community in Tucson

Ventura Villas

Tucson, AZ (November 13, 2025) Northmarq’s Phoenix-based Multifamily Investment Sales team — led by Trevor KoskovichJesse HudsonRyan Boyle and Logan Baca — brokered the $31.734 million ($101,711 per unit) sale of Ventura Villas, a 312-unit multifamily community located at 6200 S. Campbell Ave. in Tucson, Arizona.

Northmarq represented the seller, RDM Tucson, LLC. The buyer was Pacific Transwest – Nevada, Inc.

“This transaction underscores the growing momentum of capital flowing into Tucson’s multifamily sector,” said Hudson. “At a price per unit of $101,712, the buyer recognized not only the intrinsic value of Ventura Villas but also the upside potential in a market that’s increasingly favoring value-add strategies.”

Built in 1989, Ventura Villas features one- and two-bedroom apartment homes, averaging 606 square feet. The community features a resort-style swimming pool, basketball court, playground, laundry facilities, and more.

Located in South Tucson, the market continues to experience unprecedented job growth and major economic development, fueling demand for multifamily housing.

“Tucson is attracting new attention as one of the top emerging multifamily markets in 2025, and this deal reflects a broader trend: capital seeking disciplined entry points where performance can be improved with focused upgrades, operational efficiencies, and strong underwriting discipline,” Hudson added.

For more information, Koskovich can be reached at 602.952.4040, Hudson is at 602.952.4042, and Baca is at  602.952.4052.

Source: RED Comp #12137.