TUCSON, Arizona — Brandon Rodgers, SIOR, CCIM, of Cushman & Wakefield | PICOR, has achieved the SIOR industrial designation awarded by the Society of Industrial and Office REALTORS®. SIOR is a Washington, DC-based international professional organization of more than 3,300 commercial real estate professionals whom have earned the coveted SIOR designation.

To achieve the SIOR designation, Rodgers completed over five years of creditable experience in the highly specialized field of industrial real estate; met stringent education requirements; and demonstrated professional ability, competency, ethical conduct, and personal integrity.

Individuals who hold the SIOR designation are top producers in the commercial real estate field and are represented in more than 685 cities in 36 countries around the world. SIOR enforces a strict code of ethics and required designees to complete its ethics course within their first three years of membership.

Following achievement of his CCIM designation in 2010, subsequently serving as President of the local chapter, and in time, being promoted to Principal of his firm, Rodgers is proud to round out his career achievements by joining the elite ranks of the SIOR organization. Furthermore, with achievement of the SIOR designation, Rodgers joins what is only a handful of local professionals who have achieved both CCIM and SIOR designations in their careers. Rodgers intends to become involved in the organization’s Arizona Chapter, and looks forward to the comradery and collaboration to be found therein.

SIOR is the leading global professional office and industrial real estate organization that certifies commercial real estate service providers with the exclusive SIOR designation, based on achievement, knowledge, accountability and ethical standards. Only the industry’s top professionals qualify for SIOR. Today, there are more than 3,300 members in 685 cities and 36 countries. For more information, visit www.sior.com.

TUCSON, ARIZONA – A California investor traded into the acquisition of the Dunkin Donuts store at 5346 East 22^nd Street in Tucson for $2.1 million ($951 PSF). The 2,209-square-foot store was built in 1984 as a stand-alone building with drive-thru and completely renovated in first quarter 2016.

Located southeast of Craycroft and 22^nd Street, in a high density retail area in the eastern Tucson submarket.

Matthew Ault with Kidder Matthews of Phoenix represented the seller, C&J Donuts of Tucson (Jamal Awale, director).

Ault told us Dunkin Donuts range in price from $1 – $3 million with cap rates ranging from 5.25% – 6.5% with absolute triple net leases these days.

Dunkin’ Brands Group, Inc., incorporated on November 22, 2005, is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. The Company franchises restaurants under its Dunkin’ Donuts and Baskin-Robbins brands. The Company operates through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S. The Company has over 18,000 points of distribution in approximately 60 countries across the world. As of December 31, 2016, the Company had 12,258 Dunkin’ Donuts points of distribution, of which 8,828 were in the United States and 3,430 were international, and 7,822 Baskin-Robbins points of distribution, of which 5,284 were international and 2,538 were in the United States.

For more information, Ault can be reached at 602.513.5128.

To learn more, login and see RED Comp #6509.

Doc. #2019-0100489. Sale date: 1/10/2019. Property sold at a 5.75% cap rate.

Phoenix, Ariz. – ABI Multifamily has announced the $10,750,000 / $91,880Per Unit / $116.80 Per SF sale of South Mountain Square in Phoenix, Arizona.

South Mountain Square is a 117-unit garden-style apartment community near 16^th Street and Baseline Road, conveniently located near Phoenix South Mountain Park/Preserve and luxury golf locations, as well as gated single-family residential communities, multiple retail outlets, restaurants and service providers.

Completed in 1986, South Mountain Square features new roofs, paint and a mix of lightly upgraded units and provides an exceptional value-add opportunity through interior and exterior improvements. Adding to its appeal, the development features an outstanding mix of 60 1-bed / 1-bath and 57 2-bed / 2-bath units, all with second-floor vaulted ceilings. The average unit size is 787 SF.

“The South Phoenix submarket is really gaining momentum, and South Mountain Square presented an ideal value-add opportunity for both our client and the Seller,” said ABI Multifamily Partner Eddie Chang, lead broker for the team representing the Buyer. “The property is located near Mountain Preserve, Raven Golf Club, South Mountain Community College and serviced by quality retailers such as Target, LA Fitness, Petsmart, Chase, Fry’s Food, Chipotle and The Farm, to name a few. When you take what South Mountain Village has to offer and combine it with the area’s existing benefits and the massive infrastructure investments currently being planned, it really represented an exceptional value.”

The Buyer is an Arizona based private investor. The Seller is Caliber Services LLC, a private investment group based out of Arizona.

The Buyer was represented by the multifamily brokerage team of Eddie Chang, John Kobierowski, Alon Shnitzer, Rue Bax and Doug Lazovick.