One West Wetmore Sold for $1.4 Million

TUCSON, ARIZONA (October 31, 2023) — One W. Wetmore sold for $1,400,000 ($138 PSF).

Completed in 1982, the 10,166-square-foot high profile freestanding office building in midtown Tucson has mountain views and distinctive exterior block construction. Elevator served, and covered parking available – immediate access for clients/ patients. Interior features flexible floorplans, plumbing lines throughout and high interior ceiling heights

The seller, local investors, Issa and Henrietta Hallag, were represented by Gordon Wagner and Ben Craney of NAI Horizon. The buyer, Whelcon Wetmore, LLC was represented by Eric Hutchens from the Hutch Companies.

For more information, Wagner and Craney should be reached at 520.326.2200.

To learn more see, RED Comp #10938.

Larsen Baker Sells Parcel at Valencia Southpointe

Tucson, AZ. – October 27, 2023 –Larsen Baker is pleased to announce the sale of a 1.5 Acre CI-2 parcel at the NEC of Valencia and McCulloch Dr in the Southpointe Industrial Park located at the NWC of Valencia and Kolb. The parcel which will be used to build an industrial flex facility, sold for $489,365 ($7.49/sf).

The buyer, Arya’s Kitchen, LLC purchased the parcel as an owner user.

The project has 3.9 acres remaining which Larsen Baker has listed for sale or lease with build to suit potential. The hard corner of the land is slated for retail use including drive through. The east portion is slated for another industrial/flex use where a facility up to 20,000 sf can be built.

The seller, Valencia Southpointe Partners, LLC, an affiliate of Larsen Baker, was represented by Isaac Figueroa, CCIM, who handled the transaction.

For more information, contact Figueroa at 520.296.0200 ext 218.

DSW Plans New “Work Force Housing” Project at 4400 S Mission Road in Tucson

Tucson, Arizona, October 6, 2023 – DSW Commercial Real Estate (DSW) a leading development, investment, and property management firm announced the acquisition of 6.1 acres of land at 4400 S Mission Rd for $960,000.

This is the first site DSW is adding to its portfolio for their “work force housing” community concept.

Michael Sarabia and James Hardman principals of DSW, have been working on a work force housing concept for some time now. Michael said, “As costs of living continue to rise, James and I knew we had to create a concept that caters to the budget conscious. Most new development projects are luxury or affordable housing projects that use tax credits, leaving the largest segment of our working class unrepresented.”

DSW is proposing 68 units at this site with five, single story buildings and six, two-story buildings. Plans include open recreation areas and verandas. All units are 3-bedroom/2-baths with a focus on a spacious, open kitchen/living area which is the heart of the home.

Michael and James awarded the acquisition assignment to Chris Itule who joined DSW in March of 2022.

“When Chris joined the team, James and I tasked him with finding us potential sites for our work force housing concept and for our La Vida concept, ” said Michael.

With Michael and James’ supervision and guidance Chris, created a financial model, negotiated the transaction, lead the due diligence, worked on capital stack, and got the transaction closed.

For more information on this project or any of DSW projects contact Chris Itule at (520) 297-8929.