MARANA, ARIZONA — The Church of Jesus Christ of Latter-day Saints purchased the former Monark/Westar Kitchen & Bath and former Mattress Firm store for $4.1 million ($109 PSF) .  from Vincenza, LLC (Elyse C Sioles Trust, member).

The 37,627-square-feet of retail space is located at 3850-3858 W. Orange Grove Rd. at the northwest corner of Thornydale and Orange in Marana with monument signage. Although the use for the property by new owner was not yet disclosed, we were told it would have a retail component to it. The property is zoned heavy industrial in Marana with excellent Interstate 10 proximity

Monark Premium Appliances, the existing tenant in a portion of the building, vacates on December 31, 2019.

Principals with Cushman & Wakefield | PICOR, Dave Hammack, Retail Specialist, Russell W. Hall, SIOR, GSCS, and Stephen D. Cohen, Industrial Specialists, represented the seller in this transaction.  Nancy McClure, Carol Schillne, Erik Simper with CBRE, Tucson, Phoenix and Salt Lake City respectively, represented the buyer.

For more information, Hammack can be reached at 520.546.2712, while Cohen is at 520.546.2750. McClure should be contacted at 520.323.5117.

To learn more, see RED Comp #7355.

TUCSON, ARIZONA – Jon O’Shea with Vast Commercial Real Estate Solutions recently closed on four unrelated, Tucson office deals valued at a combined total of $2.3 million.

O’Shea represented the seller, Capital Source Financial, LLC in the sale of 6436 E Broadway Blvd in Tucson. Built in 1977, the 3,000-square-foot building sold for $383,000 ($129 PSF) to Valeria Wasserman of Tucson.   The buyer plans to owner occupy it. Kristy Kelley and Edye Riharb with Long Realty represented the buyer in the all-cash transaction.

O’Shea represented both the buyer and seller, Tucson Portfolio 6, LLC in the sale of 2506 E Vistoso Commerce Loop in Oro Valley. Built in 2008, the 4,675-square-foot office office building in Vistoso Commerce Plaza sold for $875,000 ($183 PSF) to Meteora Investments of Oro Valley in this investment sale.  Allergy Partners of Arizona was leasing 60% of the building and the remaining 40% was vacant at time of sale.

In another investment sale, O’Shea represented the seller, 2030 East, LLC, on 5232 E Pima Street in Tucson. Built in 1987, the 8,800-square-foot office building at 5232 East Pima Street in Tucson sold for $575,000 ($65 PSF) to a local Tucson investor. The property had four of the five spaces occupied at time of sale. Vicki Teeple with Tango Commercial Real Estate of Tucson represented the investor, Byron Neira.

O’Shea represented the seller, Alexandra Siegel, in the sale of 5102 East Pima Street in Tucson. The 3,986-square-foot building sold for $450,000 ($113 PSF) to Other One, LLC (Craig Pretzinger, member). Built in 1974, the property had been updated in 2018. The buyer, an All State Insurance broker, plans to occupy the downstairs, previously occupied by another All State agent. The upstairs was leased by Vast Commercial Real Estate Solutions where Jon O’Shea is broker and will continue to be leased by Vast. Andrew Sternberg with NAI Horizon in Tucson represented the buyer in this transaction.

For additional information, Kelley and Riharb can be reached at 520.299.2201. Teeple can be contacted at 520.276.9779 and Sternberg can be called at 520.729.1694. O’Shea should be reached at 520.624.9400.

To learn more, see RED Comps #7348, #7236, #7254 and #7270.

TUCSON, ARIZONA — Live Theatre Workshop (LTW) purchased 8,317-square-feet of industrial space located at 3322 E. Fort Lowell Road in Tucson, from Zonge International, Inc.  The portfolio sale, purchased for $810,000, included two buildings — a 5,145-square-foot office building and a 3,172-square-foot service/warehouse building.

LTW currently leases and operates in space at a retail strip center located at 5317 E Speedway Blvd. in Tucson. The new property on Fort Lowell will be a great enhancement for the Theatre once tenant improvements are complete and ready for move in sometime next year.

Live Theatre Workshop is a unique and special theatre. The local artists, staff, board, and volunteers come together to create performances and theatre education because they love what they do, and because they want to bring the best theatre to Tucson. Tucson deserves a thriving theatre scene that is accessible to all who want to participate is part of their mission.

Producing inclusive, accessible and affordable professional theatre and theatre education that entertains, educates and enlightens children, adults, and families. LTW is a nonprofit 501(c)3 organization supported by grants and generous people who appreciate LTW’s Mainstage plays, Family Series shows for kids, Etcetera Late-Night productions, and a year-round Theatre Education Program for youth.

For the full performance schedule go to https://www.livetheatreworkshop.org/.

Performing for the holidays will be Your Song In My Mouth: Holiday Edition

“What do the holiday stories, thoughts, and ideas of Tucson sound like in musical form? Live Theatre Workshop has the answer. The Etcetera program has collected Tucsonans’ short holiday themed stories, poems, and random thoughts, and LTW composers David Ragland, Richard Gremel, Carlisle Ellis, and Michael Martinez have created songs inspired by these Tucson writers. Featuring Amanda Gremel, Carlisle Ellis, Richard Gremel, Michael Martinez, and David Ragland as the Your Song in My Mouth Band. Join us for two nights only as we present these original musical creations with Tucson writers as the muse and local musicians and composers as the creators.”

Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Principals and Industrial Specialists with Cushman & Wakefield | PICOR, represented the seller in this transaction. Brenna Lacey, Vice President with Volk Company, represented the buyer.

For more information, Cohen can be reached at 520.546.2750 and Lacey is at 520.495.2233.

To learn more, see RED Comp #7333.