Saturday, April 20, 2019

Lennar to Build first 82 Homes in New Entrada Del Rio...

New homes will be the builder’s first in the award-winning master plan TUCSON, Arizona – Rancho Sahuarita has announced that the first homes in its newest neighborhood of Entrada Del Rio will be built by award-winning builder, Lennar Homes. The builder will make its official debut in the community, with...

Country Inn & Suites Tucson Airport Sells for $5.15 Million

TUCSON, ARIZONA – Country Inn & Suites at Tucson Airport sold for $5.15 million ($62,048 per room) to Progressive Hospitality, LLC of Mukiltee, Washington. Located at 6681 South Tucson Blvd. in Tucson, the 26,604-square-foot hotel on 2.21 acres was built in 2000 with 83-rooms. All rooms include: free, hot breakfast,...

CBRE Completes Investment Sale of Dutch Bros Coffee Building in Tucson

TUCSON, Arizona  – CBRE has completed the $2.47 million sale of a single-tenant property leased to Dutch Bros Coffee, located at 120 South Wilmot Road in Tucson, Ariz. The 824-square-foot building is on the southwest corner of Broadway Boulevard and Wilmot Road, which benefits from high traffic counts of...

Stonebriar Closes on Former Fry’s for VASA Fitness in Tucson for...

TUCSON, ARIZONA -- Stonebriar Commercial Finance Realty Capital, dba SCF RC Funding IV LLC, of Princeton, NJ purchased the property at 3920 E Grant Road in Tucson for $4.2 Million ($83 PSF). The 50,688-square-foot former Fry’s store and gas pad on 4.96 acres at the southeast corner of Alvernon and...

Tucson-Based Mister Car Wash Continues Expansion in 21 States

TUCSON, Arizona – Tucson-based Mister Car Wash continues to expand, now with 266 car washes it operates in 21 states. Prior to this year the company had grown through acquisitions and recently opened two new locations built and developed by and for Mister Car Wash in Iowa and Utah. The...

A Culver’s and Two New Dutch Bro’s coming to Vail and...

SAHUARITA, ARIZONA – Team Adams Sahuarita LLC of Sierra Vista (Kevin Adams Trust) paid $1.065 million ($286 PSF) for a former American Southwest Credit Union with excess land at 18800 S Nogales Hwy in Sahuarita Plaza. CVP- Sahuarita Plaza DB LLC, an affiliate of Cole Valley Partners of Portland Oregon,...

Tucson’s Senior Housing Specialist Closes on 20-bed Assisted Living Sale

TUCSON, ARIZONA – Mark Biery, JD, CCIM, of Berkshire Hathaway who specializes in Senior Housing closed on two, 10-bed assisted-living care homes at 5530 and 5536 E. 2nd Street in Tucson for $1.28 million ($64,000 per bed). The two 4,200-square-foot buildings were build in 2016 and were ready to occupy...

NorthMarq closes and finances the Paseo Del Sol apartments in Tucson...

TUCSON, ARIZONA – The 152-unit Paseo Del Sol Apartments, located at 6280 South Campbell Avenue, in Tucson, Arizona, sold this month for $12.5 million ($82,237 per unit). The NorthMarq Multifamily team of Bill Hahn, Trevor Koskovich, and Jesse Hudson represented both the seller and the buyer in this transaction. AndMark...

5 Recent Tucson Multifamily Sales – C&W Picor Brokers $7.1 Million...

TUCSON, ARIZONA -- A private investment group purchased The Compound Student Housing at 774 E Seneca in Tucson for $3.15 million ($112,500 per bed). The 7-unit property was 100% occupied when is sold. Allan Mendelsberg, Multifamily & Investment Specialist with Cushman & Wakefield | PICOR, handled the transaction for...

Denny’s America’s Diner Coming to Houghton Town Center

TUCSON, Arizona – Feast Properties, LLC of Murrieta, California, the construction arm for Denny’s Restaurants, purchased a pad at Houghton Town Center for $575,000 ($20 PSF). Ready for construction, Vail should have its first Denny’s sometime next year right along with the McDonalds that has started construction at Houghton...

LAO-Tucson Closes on $12.61 Million of Land Sales in Northwest Tucson

TUCSON, Arizona -- Will White and John Carroll with Land Advisors Organization (LAO) closed this week on $12.61 million in land sales in Rancho Vistoso and Gladden Farms in Northwest Tucson submarket. A New York-based land investment REIT, JEN Arizona 32, LLC and affiliate TerraWest Communities (Mike Jesberger) purchased Blocks...

California Investor purchases Tucson Medical Building for $2.7 Million

TUCSON, ARIZONA – A California investor purchased the office building at 4745-4753 E. Camp Lowell Drive in the Swan Corporate Center in Tucson for $2.7 million ($209 PSF). The 12,923-square-feet of rentable space was 100% occupied by three long-term tenants at time of sale. Built in 2001 in Swan Corporate...
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