TUCSON, ARIZONA (November 3, 2023) — Larsen Baker is pleased to announce the sale of the retail strip at 6383 E Grant Road. Known as Grant Road Shopping Center, the multi-tenant retail building, the former home of Abbott Taylor Jewelers, sold for $1,359,750 ($191/sf) for the 7,136-square-foot property.

The buyer, a dentist, purchased the building as an owner user and plans to occupy the north suite that had been occupied by Abbott Taylor. The building had one tenant, Love Beauty Bar, with a new long-term lease and one other space on Grant Road ready to be leased.

The transaction closed on October 27, 2023.

The seller, Grant Strip Tucson, LLC, was represented by Isaac Figueroa, CCIM of Larsen Baker, the buyer, Grant Road Land, LLC, was represented by Christian Gile of Gile Commercial Real Estate.

For more information, Figueroa should be reached at 520.296.0200 and Gile can be contacted at 602.529.5330.

To learn more, see RED Comp #10953.

TUCSON, Ariz., November 3, 2023 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Equinox on Pima, a 107-unit apartment community located in Tucson, Arizona. The asset sold for $14,500,000 ($135,514 per unit).

“Equinox on Pima’s recent improvements lay the groundwork for the new owner to continue the repositioning program with apartment interior renovations,” said Hamid Panahi, senior vice president investments in Marcus & Millichap’s Tucson office. Panahi, Clint Wadlund, and Art Wadlund, investment specialists in the firm’s Tucson office, had the exclusive listing to market the property on behalf of the seller. The buyer was also procured by Panahi, Clint Wadlund and Art Wadlund. “The buyer was excited for the opportunity to acquire a well-established asset, further expanding their footprint in Tucson,” added Clint.

Equinox on Pima is located at 4383 East Pima Street in Tucson, Arizona. Comprised of one- and two-bedroom floor plans, the luxury finishes include white shaker-style cabinets, quartz countertops, stainless-steel appliances, wood-plank vinyl flooring, five-inch baseboards, stacked washers/dryers, fabric curtains, spacious closets, lighted ceiling fans, new plumbing fixtures, and large front yards in select units.

To learn more, see RED Comp #10937.

TUCSON, AZ (November 1, 2023) – Nick Miner, CCIM and JT Taylor of ORION Investment Real Estate, reports selling a multitenant, owner/user office complex in Tucson, Arizona for $2,050,000.00, or $132/Sq. Ft.

Tucson is the second-largest city in the state of Arizona, and the 52nd-largest city in the United States. It is located in Pima County, in the Sonoran Desert. Tucson is known for its warm climate, beautiful scenery, and rich culture. Tucson is also home to the University of Arizona, a major research university.  Tucson is a popular tourist destination known for its Saguaro National Park, Kitt Peak National Observatory, and Pima Air & Space Museum.

Nick Miner, CCIM, Senior Vice President at ORION commented, “Our client was expanding his presence in Tucson and wanted to purchase an office building versus leasing.”  Miner continued, “The property that was selected worked because it had in place income from other tenants with a vacant space that would work well for his business.”

Taylor added, “This was in the target area of where I client wanted to be.”

This is the second property Miner and Taylor has helped the buyer with in the past 12 months.

Buyer, H26ONE, LLC, was represented by Miner and Taylor of ORION Investment Real Estate.

Seller, Siegmund Properties, LLC, was represented by Ryan McGregor of Picor.