Tucson, Arizona – CBRE announced the sale of a 29,745-square-foot retail/office building on 2.96-acres in Tucson, Ariz. sold to Broadway Bob, LLC, a private Tucson-based investor at $1,522,500. ($51 PSF).
CBRE’s Nancy McClure in Tucson represented the local private seller, 6121 FC, LLC and JMJV, LLC. The buyer was represented by Xiangfeng Bob Zhang, Bob Principal Realty, LLC.
The property, located at 6121 E. Broadway Blvd, across the street from Park Place Mall, consists of a “U” shaped set of 3 buildings that were built in 1979. The buyer plans to renovate and re-tenant the well-located property.
“This property attracted this buyer for its positioning in the regional mall area that is surrounded by corporate offices, major retailers and restaurants, hotels, and near Davis-Monthan Air Force Base," said McClure. "The layout of the buildings will allow the buyer to lease to smaller tenants in the retail, service and medical at competitive rents.”