TUCSON, ARIZONA (November 17, 2023) – The inline shops at the Home Depot-anchored retail center at Oracle and Wetmore, sold for $25.5 million ($282 PSF). The transaction closed on November 14, 2023.

Located at the southeast corner of Oracle and Wetmore in Tucson, the 90,456-leasable-square-foot inline shops that sold was constructed in 2005 and was 98% occupied at the time of sale, with such tenants as PetSmart, World Market, JoAnn Fabrics and Crafts, and Ulta Beauty. The sale does not include the Home Depot.

The buyer, Acacia-Tucson, is a subsidiary of Acacia Real Estate Group in Newport Beach, CA (David Pittman, managing partner), and was self-represented in the transaction.

Acacia Real Estate Group is a developer of commercial real estate assets. With Acacia’s unique blend of entrepreneurial experience, and its extensive network of real estate contacts and affiliations in the diverse Southern California area. Since starting Acacia Real Estate Group, Inc., the company has developed a number of significant projects throughout Southern California in excess of $100,000,000.00. The company has been consistently ranked, as compiled by the Orange County Business Journal, in the top echelon of developers active in commercial real estate market.

The seller, RJR Vacaville, LLC, from Miami, Florida (Robert Rivani, manager), was represented by Ryan Schubert, Michael Hackett, and Zach Aulick with Cushman & Wakefield in Phoenix. The Cushman & Wakefield Team also represented the seller when it was purchased in February, 2021 see Real Estate Daily News for prior transaction.

For more information, Schubert can be reached at 602.224.4472, Hacket at 602.224.449 and Aulick contacted at 602.224.4464.

To learn more, see RED Comp #10982.

Tucson, Arizona, (November 17, 2023) – DSW Commercial Real Estate (DSW) a leading development, investment, brokerage, and property management firm announced the sale of a single-tenant retail property, leased to Starbucks located at of 3700 S 6th Ave, Tucson, AZ. The 2,536 square foot asset sold for $2,388,000 at $941.64 per square foot.

Christopher Itule of DSW Commercial Real Estate, had the exclusive listing to market the property on behalf of the Seller, The Common Group. The Buyer is from the San Diego area and was represented by Manabu Kagiyama of Dotown Inc.

The building was originally built in 1978 and was occupied by Long John Silver. After sitting vacant for many years, The Common Group purchased the property in September of 2015 and began renovations. Having experienced some tenant turnover, The Common Group was able to sign a lease with Starbucks. The property is located directly west of the VA Hospital and is one of two Starbuck stores in Arizona dedicated to military service members.

For more information on this sale contact Chris Itule at (520) 297-8929.

TUCSON, AZ (November 16, 2023) – 2222 South Craycroft Road, LLC, an affiliate of Centria Autism purchased the Vantage West Annex building at 2222 S Craycroft in Tucson for $2.15 million ($156 PSF).

The 13,800-square-foot building on a 66,040-square-foot lot was purchased for development of a Centria Autism Center. This will be an expansion to its other two locations in Tucson.

Centria Autism was founded in 2010 and quickly became a leading provider of Applied Behavior Analysis (ABA) Therapy to children with autism in the country. After just five years, Centria Autism grew to be the largest ABA Therapy provider in Michigan and has since expanded to serve 13 states in the U.S.

Today, Centria Autism employs nearly 3,500 full-and part-time passionate professionals. We strive each day to serve more children living with autism to achieve our mission: to help more children living with autism to develop, pursue, and achieve their own goals and dreams through high-quality ABA therapy and support.

The standard-setting care provided by Centria Autism is validated by industry accreditation from The Joint Commission (JCAHO) and the Behavior Health Centers of Excellence (BHCOE).

The transaction closed on November 8, 2023.

Rick Kleiner and Alexis Corona with Cushman & Wakefield | PICOR represented the seller, Vantage West Credit Union. Gordon Wagner and Ben Craney with NAI Horizon in Tucson represented the buyer in the transaction.

To learn more, Kleiner can be reached at 520.546.2745, Wagner should be contacted at 520.326.2200 and Craney is at 520.326.4500.

To learn more, see RED Comp #10977.