4th Quarter Sales

TUCSON, Arizona -- VEREIT, Inc. (NYSE:VER) (Glenn Rufrano, Chief Executive Officer), a real estate investment trust (REIT), purchased a 56,000-square-foot retail pad at Houghton Town Center in Tucson, Arizona for $10.9 million ($195 PSF). The building, located to the east of Super Walmart, was built for and fully occupied by...

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...

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...

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...

Oro Valley, Arizona -- Vast Commercial Real Estate Solutions (Vast CRE) brokered the sale of a Class A corporate building at 8950 N Oracle Road, Oro Valley, AZ 85704. Located along the high-traffic Oracle Road corridor in the Palisades Corporate Plaza, the 41,134-square-foot space sold for $4.5 million ($109.40...

TUCSON (VAIL), ARIZONA -- Lennar Homes bought 160 lots at Rincon Knolls in Vail, Arizona before the end of year for $3,024,125 ($18,900 per lot) The platted and fully engineered lots were sold by TTLC Rincon Knolls, LLC an affiliate of The True Life Companies-(Aidan Barry, Senior VP) in this...

TUCSON, ARIZONA – Vice President David Blanchette, CCIM, of the NAI Horizon Tucson office, negotiated the $1.115 million ($247.50 PSF) acquisition of a restaurant, vacant building, and leased parking space at 2902-2952 E. Speedway Blvd., in Tucson. The freestanding retail building at 2902 E. Speedway is centrally located west of...

SAHUARITA, ARIZONA – Richmond American Homes recently bought 71 finished lots at Entrada La Villita, the newest community in Rancho Sahuarita Master-Planned Community, for $3.266 million ($46,000 per lot) from Rancho Sahuarita VIII, an affiliate of Sharpe & Associates (Robert Sharpe, president). Ted Herman with Sharpe & Associates, who represented...

MARANA, ARIZONA – CPM LABFAB, Inc. (Kim & Kerry Bergman, principals) purchased 5-acres of HI zoned land at 7979 W Tangerine Road in Marana for construction of a new manufacturing facility. LABFAB fabricates standard and custom modular laboratories for general chemistry, vivarium or BSL use. Virtually any size requirement...

TUCSON, Ariz. –  Two multifamily properties, Avilla Marana I and Avilla Marana II, totaling 284-units sold for $45.44 million ($160,000 per unit). The multifamily properties are located at 4050 and 4115 West Aerie Drive in Marana, AZ. Senior Managing Director Art Wadlund and Associate Director Clint Wadlund of Berkadia Real...

TUCSON, Arizona -- Larsen Baker is pleased to announce the sale of a ±15,629-square-foot building on ±1.4 acres of land located at Sorrento Square on the southwest corner of Golf Links Rd. & Houghton Rd in Tucson to Goodwill Industries of Southern Arizona. The purchase price was $3.676 million...

MARANA, Arizona – Safeway Store #1749 at 9100 N Silverbell Road in Marana sold as part of an agreement that included 71 stores to a Delaware limited liability company for an aggregate purchase price, exclusive of closing costs, of approximately $720 million, in a sale leaseback agreement. According to...