Tucson, AZ. – Larsen Baker, through its affiliate Brosemont Outparcel, LLC recently acquired the former Macaroni Grill located at 5100 E Broadway Blvd. in Tucson, Arizona.  The 7,500-square-foot building was purchased vacant for $1.2 million ($160 PSF).

Upon acquisition, Larsen Baker simultaneously secured a long term lease for the entire building with a national tenant that specializes in primary care and wellness for seniors. The building exterior will be renovated as part of the new lease. This new model for primary care and wellness for seniors on Medicare and Medicaid has recently come to Tucson. The focus is on the overall well-being of patients by concentrating on exercise, diet, and other lifestyle factors.

The buyer, Larsen Baker, through its affiliate, Brosemont Outparcel, LLC was represented by Isaac Figueroa who handled the transaction. Figueroa also handled the lease transaction on behalf of the landlord.

For more information, Figueroa should be reached at 520-296-0200 ext 218.

TUCSON, ARIZONA – A group from Wyoming, Ideal Pima Holdings, LLC, purchased 7,041-square-feet of office space located in Pima Corporate Center, 5956 E. Pima St. in Tucson.

The three-office Athletico Physical Therapy anchored property, Suites #100, #130 and #140, were purchased from La Rubia, LLC of Tucson (Michael & Katherin Noonan)  for $1 million ($142 PSF). The portfolio was fully leased by three tenants when it sold.

In a second transaction, Florida-based Main Street Town Center, LLC, purchased 1,657-square-feet of net leased office space at 5956 E. Pima St., Suite 120 in Tucson. The single-tenant office condo was purchased from Michael H. Strauss for $200,000 ($121 PSF)

Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the seller in both transactions.  Jeramy Price, with Volk Company, represented the buyers.

For more information, Price should be reached at 520.441.4771 and McGregor can be contacted at 520.546.2748.

To learn more, see RED Comp #9244 and #9245.

Tucson, AZ. – Larsen Baker recently sold the Chuze Fitness located at 3693 South 16^th Avenue in Tucson, Arizona. The building was sold as a net lease investment with 10 years remaining on the lease. The buyer was Dragoon Properties, LLC, an Arizona limited liability company. The property sold for $3.6 million ($183 PSF).

The affordable Tucson gym located in Sunset Villa includes hydro-massage, steam room, sauna, tanning & more. Memberships starting at only $9.99 as in Chuze Fitness Centers everywhere!

The seller, Ajo/I-19 Developers, LLC, an affiliate of Larsen Baker, was represented by Isaac Figueroa who handled the transaction.

For more information, Figueroa should be reached at 520.296.0200 x218.