TUCSON, Arizona – A California investor from Alamo, CA, FLM LLC, traded into the acquisition of a Starbucks outpad at 1765 West Valencia Road in Tucson for $2.66 million ($850 PSF).

Brenna Lacey and Kevin Volk of Volk Company represented the seller, Steamroller Pad LLC (Richard Volk, manager) in the net leased investment sale at the southwest corner of Valencia and Indian Agency Roads.

The 3,130-square-foot drive-thru restaurant was built in 2017 and is part of the Valencia Marketplace Shopping Center, anchored by a 100,000-square-foot Fry’s.

The buyer was represented by Jim and Craig Kovaleski, formerly with Cushman and Wakefield, now with CBRE. This was its first investment in Tucson.

To learn more, Lacey and Volk should be reached at 520.326.3200 and the Kovaleski’s can be contacted at 408.453.7400.

[mepr-show rules=”58038″]Sale date: 3/8/2019. Document #2019-0970188. Property sold with an NOI of $127,946 and a 4.81% cap rate and a $40.88 per SF / NNN lease rate.[/mepr-show]

Scottsdale-based Commercial Real Estate Firm Team Sells North Hayden Property

Scottsdale, Ariz.– LevRose Commercial Real Estate, a leading Scottsdale-based commercial real estate brokerage and management firm, recently closed the sale of Hayden Professional Park in Scottsdale for $8.75 million ($133 PSF).

The 65,731-square-foot office space located at 3200 N Hayden Road was purchased by Petwin Properties from Blue Diamond Properties. LevRose Commercial Real Estate represented both the buyer and seller. Keri Davies, Jason Reddington and Jon Rosenberg facilitated the sale on behalf of the buyer and Matt Leonard and Hunter Peek on behalf of the Seller.

LevRose helped Petwin Properties add to its Arizona portfolio by acquiring the neighboring project to one of its existing assets, expanding its total office complex to nearly 100,000 square feet and over six acres.

According to Jon Rosenberg, Managing Director of Levrose; “This was a logical and outstanding purchase for Petwin. By adding this property just steps away from another Petwin owned office building, they will be able to benefit from their on-site management team, maintenance team and many other resources to make this a great location for their tenants.”

With expertise in both office, retail and industrial properties, LevRose Commercial Real Estate handles tenant and landlord representation and sales transactions.  LevRose Commercial Real Estate has been serving the Valley since 1992. Locally owned LevRose is affiliated with TCN Worldwide, a consortium of independent commercial real estate firms providing complete real estate solutions locally, nationally and internationally.

For more information on LevRose Commercial Real Estate, please visit www.LevRose.com or call 480-947-0600.

Colleges and universities compete for bragging rights

PIMA COUNTY –The Tucson Invitational Games (TIG) are underway at Kino Sports Complex, the largest professional sports and entertainment venue of its kind in Pima County.

The games feature teams from schools playing at the NCAA Division II and Division III level, National Association of Intercollegiate Athletics (NAIA) and in the National Junior College Athletic Association (NJCAA).

Dozens of universities and colleges will be competing on the diamond in hundreds of games through March 26. Teams begin playing around 9 a.m. Tucson Invitational Games started in 2002 with 14 college softball teams.

Cost is $7 for a daily ticket and $30 for a weekly ticket. Kids ages 12 and under get in free. For a schedule of games, visit the TIG website.

Kino Sports Complex covers 155 acres at 2500 E. Ajo Way. No outside food or drink and no pets, only service animals. People who would like to attend these events can check the calendar online.