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 Grant had been closed for about a year and will be redeveloped for a VASA Fitness Center.

VASA Fitness has been expanding rapidly in the Phoenix area and recently announced two new locations set to open by the end of 2019, and one that is set to open Spring 2019. They have already started selling memberships for these Phoenix locations and have opened the door to their first preview center in Chandler on October 1, 2018.

VASA Fitness, an Orem Utah based company, is a full amenity fitness center whose mission is to UPLIFT everyone through fun and happy fitness. The amenities that will be featured at these brand-new Arizona locations are:

• Cardio & Weights
• Olympic Lifting Area
• Studio Cycle Classes
• Basketball Court
• Fitness Cinema
• Group Fitness Classes
• Hydro-Massage Lounge
• KidCare Facilities
• Pool, Spa & Sauna
• Personal & Group Training
• Tanning & more!

The property in Tucson was sold by Smith’s Food and Drug Centers, Inc. from Denver, Colorado. Tyson Switzenberg of JLL in Phoenix represented the seller in the transaction.

There was no opening date announced for the Tucson VASA Fitness.

Stonebriar Commercial Finance is a rapidly growing diversified commercial finance company seeking to provide creative financing solutions for middle market and unrated borrowers that are underserved in the current market from a capital perspective.

To learn more, see RED Comp #6280.

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 new product being developed by Mister Car Wash will be brought home to Tucson soon at the Bridges, a successful mixed-use project at the northwest corner of I-10 and Kino Parkway, as soon as permits and entitlements are complete on a pad to the north of Discount Tire. The Bridges includes 112-acres of retail development, in addition to the 65-acre UA Tech Park and 175-acres of residential development.

Costco, Walmart, Cinemark Theater, Planet Fitness and Dave & Buster’s anchor the retail component, known as  Tucson Marketplace at The Bridges.

Another car wash was sold recently at 320 W Irvington Road in Tucson for $320,000 to the owner of the adjacent Las Palmas Bar at 332 W Irvington Road, Arizu’s Holding Company. It was purchased for additional parking.

Mister Car Wash represented itself in the sale and Aaron LaPrise with Cushman & Wakefield | Picor is handling new acquisitions for the company.

For information about services and career opportunities with Mister Car Wash, please visit www.mistercarwash.com.

To learn more, see RED Comp #6236.

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, then purchased the excess land from Team Adams Sahuarita for $765,000 ($28 PSF) and plans to develop for 900-square-foot Dutch Bro’s Coffee at 18810 S Nogales Hwy. in Sahuarita Plaza.

This will be the first Culver’s and Dutch Bro’s in Sahuarita with plans to open Q2 2019.

Dutch Bro’s will also be added to Old Vail Plaza, where CVP – Rita Ranch purchased a 10,038-square-foot pad for $625,000. ($62 PSF). The property sold shovel ready and Dutch Bro’s will join Native Grill, Taco Bell and Freddy’s Steakburger at the center.

From their 911 cold brew to the Banana Cream Pie Frost, Dutch Bros. Coffee has been serving up tasty beverages to the west coast since 1992.  Unfortunately, Tucsonans have been excluded from enjoying one of their beverages for years. But, with a new store that opened Oct 9^th at 120 South Wilmot, near Broadway Boulevard and Wilmot Road, Dutch Bros. is helping Old Pueblo residents catch up with the rest of the west.

With these two new land acquisitions, the Oregon coffee chain will have four shops in the Metro Tucson area, the others being at Cortaro & I 10 in Marana.

Pete Villaescusa and Jesse Peron with CBRE in Tucson handled the sale at Old Vail Plaza.

For more information, Villaescusa and Peron should be reached at 520 323-5100.

To learn more, see RED Comps #6217, #6227, and #6308.