TUCSON, Arizona — Volk Company started the year off strong with eight closings in a thirty-day period, totaling almost $8 million, and including four restaurant sales.

Brenna Lacey and Kevin Volk of Volk Company represented the seller, Steamroller Pad LLC, in the $2,660,000 net leased investment sale of the Starbucks on the southwest corner of Valencia and Indian Agency Roads.  The 3,000 square foot drive-thru restaurant is part of the Valencia Marketplace Shopping Center, anchored by a 100,000 square foot Fry’s.  The buyer, FLM, LLC, was represented by Jim and Craig Kovaleski, formerly with Cushman and Wakefield, now with CBRE. To learn more, see RED Comp #6633.

Rick Borane and Brenna Lacey of Volk Company handled the $1,100,000 sale of the Allstate Vehicles property at 5341 E. Speedway.  The 6,106 square foot building sits on 59,516 square feet of land and will continue to be used as an automotive sales facility.  The seller was Allstate Speedway LLC and the buyer was R&R Real Estate LLC. To learn more, see RED Comp #6587.

Brenna Lacey of Volk Company handled the $1,050,000 sale of the former Applebee’s at 4625 E. Grant Road.  The buyer, Sage Tucson, LLC, plans to redevelop the property with a Dutch Bros drive thru restaurant and 5,069 square feet of high visibility retail, restaurant and office space.  Brenna Lacey is handling the leasing.  The seller was Thomas and King Real Estate, LLC. To learn more, see RED Comp #6653.

Jeramy Price of Volk Company represented the seller, Quananhdai LLC, in the $750,000 sale of the Kentucky Fried Chicken drive-thru restaurant at 5010 S. Campbell Avenue.  The building is 2,526 square feet and sits on 28,970 square feet of land.  The buyer, Oneten REI Main LLC, was represented by Sean Lieb of SRS Real Estate Partners.  Price formerly represented the Quananhdai LLC in its acquisition of the property. To learn more, see RED Comp #6558.

Terry Dahlstrom of Volk Company represented the seller, Wright-Oracle L.L.C., in the $702,500 sale of a 2,736 square foot building on 14,400 square feet of land at 5841 N. 67^th Avenue in Glendale, Arizona.  The buyer was represented by Milly Sells AZ.

Rick Borane of Volk Company represented the buyer, Meridiano Investments III, LLC, in the $615,000 acquisition of a 10,010 square foot industrial building on 15,645 square feet of land at 3529 E. Golf Links.  The seller was represented by Ron Zimmerman of Picor/Cushman and Wakefield. To learn more, see RED Comp #6591.

Terry Dahlstrom of Volk Company represented the buyer, Dahlstrom 6782 Tanque Verde LLC, in the $592,262 acquisition of the Kentucky Fried Chicken restaurant property at 6872 E. Tanque Verde Road.  The 2,100 square foot drive-thru building sits on 18,000 square feet of land.  The seller was represented by NAI Horizon. To learn more, see RED Comp #6570

Terry Dahlstrom of Volk Company represented the seller, Valdrex LLC, in the $360,000 sale of a 2,400 square foot 7/11 convenience market on the northeast corner of Cardinal and Drexel Roads.  The building sits on approximately 19,000 square feet of land, and the buyer was Fadhl Nagi Obeid Aldhali. To learn more, see RED Comp #6572.

For additional information, Volk Company agents can be reached at 520.326.3200.

JLL completes $10.06 million sale of Higley & Baseline Class A office property

PHOENIX, Arizona – On behalf of James Greaves with G2 Capital, JLL has completed the $10.06 million sale of 5416 E. Baseline Rd., a two-story, 63,834-square-foot Class A office building located within Inverness Commons Business Park, in the hub of Mesa, Arizona’s booming Higley Road medical corridor. Submarket stability, combined with recent and extensive renovations, have the building 92 percent leased to a broad base of tenants.

JLL Senior Vice President Brian Ackerman represented G2 Capital in the transaction. The buyer is Minnesota-based Founders Properties LLC. JLL Managing Directors Mark Gustin, Karsten Peterson and Dave Seeger are the building’s exclusive leasing brokers.

“There is exponential growth happening along the Higley Road corridor – both in the medical arena and through non-competing new developments that are adding retail, restaurant, residential and hotel services,” said Ackerman. “G2 Capital recognized the long-term potential of this growth and, through renovation, has established this building with a very strong tenancy and cash flow that will serve it well in the years ahead.”

The 5416 building is located on Baseline Road, just east of Higley Road and immediately south of the US 60 freeway. A recent $2.3 million building renovation improved the property with new lobbies, upgrades to hallways and tenant spaces, new landscaping and a new parking lot offering a parking ratio of 5.86/1,000.

The building is 92 percent occupied with an average lease term of over five years. Acumen Fiscal Agent LLC and Ring Inc., owned by a Fortune 10 company, are the project anchors. Other tenants include Sharecare Health Data Services LLC, Fairway Independent Mortgage Corporation, Confident Financial Solutions and Cardiovascular Associates of Mesa.

Two additional vacant suites are available within the building, totaling 2,231 and 2,024 square feet. Both have been newly renovated and are move-in ready.

“All interior spaces allow for a creative build-out with 12-foot ceilings and an open-air environment,” said Ackerman. “That is something that is not achievable at many nearby office buildings and is a huge benefit for tenants wanting this type of modern workspace.”

The 5416 building sits within a major medical node and employment hub that includes Banner Gateway Hospital, Banner MD Anderson Cancer Center, Davita/Southwest Kidney Dialysis and the Arizona Health and Technology Park, home to A.T. Still University’s Arizona campus. Other new area developments include Fry’s Marketplace, Hilton Garden Inn and Conference Center, Savanna House senior living center and The Highland Retail Plaza, which includes a recently delivered Starbucks, Popeyes, Rudy’s Bar-B-Q, Circle K and Del Taco.

Northwest Healthcare to Serve as Presenting Sponsor

SAHUARITA, ARIZONA – Rancho Sahuarita will host its second “Rancho Sahuarita Cancer Walk” event on Saturday, March 30, 2019 to benefit the efforts of the National Brain Tumor Society through the Sharpe/NBTS Brain Cancer Research Awards. The walk will take place within the award-winning master planned community, around Sahuarita Lake, (located at 15466 S. Rancho Sahuarita Blvd. in Sahuarita, Arizona.) Northwest Healthcare, which is building an acute care facility in the Sahuarita Town Center within the community, will serve as the presenting sponsor for the event.

Brain tumors can strike adults and children of all races at any time of their lives, and are often deadly. Currently, there is no cure for this devastating condition. Rancho Sahuarita has been a long-time supporter of the National Brain Tumor Society, and raised over $365,000 through the efforts of its inaugural walk event back in March of 2017.

Thanks to the generosity of over 800 attendees and countless other sponsors and supporters, 100% of those proceeds went directly to funding brain cancer research at 10 of the leading brain cancer centers in the nation, (including UCSD, UCSF, UCLA, Duke, John Wayne Cancer Institute, MD Anderson, Penn, Dana Farber, Memorial Sloane Kettering, and Mayo Rochester.)

To build upon 2017’s success, and to continue to support innovative brain cancer research, in 2018, these same 10 investigative teams submitted their best ideas to find a cure for brain cancer and $175,000 in awards has already been granted.

For the 2019 Walk, Rancho Sahuarita hopes to raise a goal amount of $300,000, to continue to fund the Sharpe/NBTS Brain Cancer Research Awards. The same 10 leading brain cancer centers will submit projects which “Scientifically target innovative therapies for Glioblastoma to significantly and measurably improve GBM survival rates and accelerate the development of new ground-breaking molecular approaches to more effectively treat Glioblastoma.”

The day of the 2019 walk, members of the community and the surrounding region are invited to attend, participate and pledge their support for this important cause.

On the day of the walk, registration will begin at 8:00 a.m., following by commencement of the walk at 9:00 a.m. Select family entertainment, music and food will also be present at the event. The registration cost is $25 for adults, (and includes a t-shirt), and children under 18 can participate for free.

To get more information about the Rancho Sahuarita Cancer Walk as the date approaches, to register a team or to learn about various Sponsorship Opportunities, visit www.RanchoSahuaritaCancerWalk.com.