TUCSON, ARIZONA (December 22, 2022) The top sale this past week at Cushman & Wakefield | PICOR was of Vine Apartments, an 8-unit investment property located just south of the University of Arizona campus. C&W | PICOR Multifamily Specialists, Allan Mendelsberg, Principal, and Joey Martinez represented both parties in this transaction. The top lease was of an 8,000 square foot (SF) industrial property at 2055 E 17th St, located in Central Tucson, where our Industrial Specialist, Paul Hooker, SIOR, Principal, represented the landlord in this transaction.
C&W | PICOR recently sold Vine Apartments for $1,425,000, $96,667 per bed, and $215.71 per SF. The Multifamily team, Allan Mendelsberg, Principal, and Joey Martinez represented both parties in this transaction. Vine Tucson, LLC purchased this 8-unit apartment property from BRAD Land Investors, LLC / The Martin and Stacey Cohan Revocable Trust.
Built in 2002 at 315-317 North Vine Avenue, the Vine Apartments features a mix of 1BD, 2 BD/1BA, & 2BD/2BA units. It is ideally located for student housing, as it is within walking distance of the University of Arizona. It includes air-conditioned units, dishwashers, walk-in closets, an on-site laundry facility, and spacious floor plans.
The top lease this past week was an industrial property at 2055 E. 17th St., in Tucson, where Paul Hooker, SIOR, Principal, Industrial Specialist at Cushman & Wakefield PICOR, represented the landlord in this transaction. This property is in Central Tucson, near the University of Arizona, Downtown Tucson, and SR SR-210/Barraza-Aviation Parkway, Tucson’s only crosstown expressway. The building is 8,000 SF and sits on a site area of 15,925 SF. The recently remodeled office buildout features a fenced and paved yard area leased by Livestream Shopping, Inc.