Tucson, AZ. – (November 1, 2024) –Larsen Baker, through its affiliate Manzanita Investment Group, LLC, sold the 2,234-square-foot freestanding KFC with drive-thru at 2970 W Valencia in Tucson at the Manzanita Plaza Shopping Center.

STRR Investments, LLC, the current operator of KFC, purchased the building. It was sold for $2,100,000 ($940 PSF) and closed on October 25, 2024.

STRR Investments, LLC is a Texas domestic limited liability company. Tanweer Ahmed is its principal manager.

Everyone recognizes Colonel Sanders, the iconic Kentuckian who introduced the world to his secret fried chicken recipe of 11 herbs and spices back in 1940. Since then, franchise owners have helped write the history of KFC®, helping it grow into the world’s most popular chicken franchise chain, with more than 24,000 locations.

Isaac Figueroa, CCIM, SIOR with Larsen Baker, represented the seller, and Greg Saltz, GPS Commercial Advisors, represented the buyer.

For more information, Figueroa can be reached at 520.296.0200, and Saltz can be contacted at 480.612.0510.

To learn more, subscribers should refer to RED Comp #11552.

TUCSON, AZ (October 30, 2024) Ridge Rock Residences LLC of Scottsdale purchased Twenty Lofts on Tenth, a 20-unit apartment complex located at 824 E. 10th St., in Tucson sold for $3,175,000 ($158,750 per unit).

The 8,835-square-foot complex, built in 1962, was purchased from The Twenty Lofts on Tenth, LLC or Tucson.

The transaction closed on October 24, 2024.

Both parties were represented by Allan Mendelsberg and Joey Martinez, Principals and multifamily specialists with Cushman & Wakefield | PICOR.

In a second transaction, Nido4, LLC of California purchased Mission at Mohave, a 24-unit apartment complex at 319 E. Mohave Rd., in Tucson for $2,400,000 ($100,000 per unit).

The 14,560-square-foot complex, built in 1981, was purchased from JRJS West Sac Investors LLC, also from California.

Both parties were represented by Allan Mendelsberg and Joey Martinez, Principals and multifamily Specialists with Cushman & Wakefield | PICOR.

The transaction closed on October 22, 2024.

For more information, Mendelsberg can be reached at 520.546.2730 and Martinez is at 520.546.2730.

To learn more, subscribers can refer to RED Comp #11546 and #11544.

TUCSON, ARIZONA, (October 25, 2024) — WAA Stone Canyon, LLC (April Worden, CEO) closed on +/-70 Acres of mixed-use residential/resort land in Stone Canyon for $5,450,000. The parcel is strategically located along Tortolita Mountain Circle Road in the center of the project. The land will be held for investment.

Brown Worden Properties is the largest family-owned, woman-led self-storage owner in the Tucson metro market under the A Family Storage brand. The company is also involved in several mixed-use commercial, industrial, and multi-family developments in multiple markets. This purchase is the most recent in a series of strategic land investments in Tucson by Brown Worden over the past 36 months.

The property is part of the private, 1,400-acre Stone Canyon MPC and is located within the Rancho Vistoso community northwest of Tucson. The project is home to world-class golf and fitness facilities complemented by an array of Tucson’s highest-end custom and semi-custom homes.

Will White and John Carroll of Land Advisors Organization in Tucson handled the transaction and will continue to manage the marketing assignment for the parcel.

White commented, “This is a fantastic property that fits the acquisition strategy very well. Properties like this are extremely rare in Tucson and Brown Worden is excellent at identifying them and executing/operating at a high level.”

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

Subscribers can learn more by referencing RED Comp #11532.