TUCSON, AZ (November 20, 2024) — The 57 townhouses at the Villas on Broadway, 9009 E Broadway Blvd. in Tucson sold for $8 million ($147,350 per unit). The Villas are attractively clustered in 6 separate units strategically placed amidst an open-space, desert-landscaped site.  All the luxuriously spacious townhouse apartments are offered, complete with an array of special features.

The property has six one- and two-story buildings with 2BR/1BA and 3BR/1BA units, a pool, and laundry facilities.

This was an all-cash buyer and an off-market transaction that closed on October 25, 2024.

The Buyer: Taylor Heights, LLC & 9009 Broadway, LLC, affiliates of Brown Worden Properties, LLC (Tucson), c/o April Worden was represented by Joe Boyle of Joseph Bernard Investment Real Estate (Scottsdale)

The Seller: Clinton Ventures, LLC & MLIII Investments, LLC (Portland, OR) c/o Dennis Steinman, Kell, Alterman & Runstein was represented by Joe Chaplik of Joseph Bernard Investment Real Estate (Scottsdale).

Chaplik and Boyle can be reached at 480.305.5600 for more information.

To learn more, subscribers should refer to RED Comp #11554.

TUCSON, AZ (November 19, 2024) — The former Aastro Transmission automotive repair shop at 5302 E Speedway Boulevard in Tucson sold for $750,000 ($190.79 PSF) to Richard and Helen Garrigan (Garrigan’s Auto Repair Shop). Built in 1977 and renovated in 1998, the single-story building consists of 3,931 square feet on a 15,000 SF lot. The automotive repair shop features six drive-in bays with lifts and a secured yard. Lifts and assorted automotive equipment were conveyed with the sale.

Buyer currently owns an automotive repair shop in Tucson, Garrigan’s Auto Repair Shop, and was looking to expand the business to a second location.

The sale occurred on November 1, 2024.

Erik Chapman, CCIM, and Nick Travassos, MRED, of Chapman Management Group, LLC, represented the seller, Sothern AZ Aastro Inc. The buyer was self-represented.

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 #11591.

Tucson, AZ (November 15, 2024) – The retail portion of Oracle Gateway shopping center, at the northeast corner of Oracle Road and Pastime Road in Tucson, has been sold to HAM Oracle, LLC of Phoenix for $10 million ($170 PSF). The property is south of the Tucson Mall, a 1,298,147-square-foot super regional mall, located 3 blocks directly north of the property with Macy’s, Dillard’s, and Dick’s Sporting Goods as anchors.

The 58,702-square-foot shopping center at 3802-3850 & 3872-3896 N. Oracle Road in Tucson was developed in 1986. The retail portion was 94% occupied at the time of the sale, and approximately 49,250 square feet 84% leased to national and regional tenants such a DD’s Fashion, Dunn Edwards, Oak Street Health Care (CVS Health), Eegee’s and Jiffy Lube.

The sale occurred on November 7, 2024.

The 22,901 SF office building located at 3780 N. Oracle Road was not included in the sale.

Jan Fincham of Lee & Associates, Craig Finfrock of Commercial Retail Advisors, LLC, Fred Howard of Progressive Property Management, and Randy Finfrock of Southwest Retail Partners, LLC represented the seller, 3838 Oracle Plaza Joint Venture, LLC, an affiliate of Holualoa Companies in Tucson.

The buyer, HAM Oracle, LLC, was represented by Jason Fessinger of Western Retail Advisors in this transaction.

For more information, Fincham can be reached at 602.954.3754, Craig Finfrock is at 520.290.3200, Howard is at 520.320.0010, Randy Finfrock is at 520.664.8600, and Fessinger is at 602.778.3747.

RED Comps subscribers should refer to RED COMP #11575 to learn more.