Com Land Deals In and Around Tucson
AutoZone Purchases Land at Houghton Town Center
AutoZone purchased a .78 acre parcel of land at Houghton Town Center for $700,000 ($20.52 PSF) from Diamond Ventures of Tucson. AutoZone has started construction of the store to be located at 10240 E Old Vail Road, east of Dunkin Donuts. AutoZone has four distinct floorplans that run from 6,500 – 8,000 square-feet. AutoZone will join Walmart, Panda Express, Discount Tire, McDonalds, Dunkin Donuts, Houghton Family Dental Care, SuperCuts, Nationwide Vision, Champion Pool & Spa Supply, Northwest Emergency Center, Hughes Federal and Credit Union at the southwest corner of Old Vail Road and Houghton Road in Vail, in the southeast submarket of Tucson. Shannon Murphy with DVI Realty in Tucson and Ben Craney with NAI represented the seller. Jayme Fabe with Tucson’s CBRE office represented the buyer. To learn more Murphy can be reached at 520.577.0200 and Craney is at 520.326.2200. Fabe can be contacted at 520.323.5100. For additional information see RED Comp #3172.
MU Zoned Acreage Sold for Redevelopment
Sean Bowman of Oro Valley purchased 1.72 acres at 1075 W Wetmore Road in Tucson for $490,000 ($6.54 PSF). The MU zoned property with 1,653-square-feet of buildings was purchased for redevelopment in a joint venture. Located near the Auto Mall, in the Central submarket of Tucson, the property would be great for automotive or industrial use. Tony Reed with Long Realty in Tucson represented the seller, Groome Transportation of Tennessee (Harold Groome, CEO). The buyer was represented by Frank Ali with Portofino Realty. Reed should be reached at 520.577.7400 and Ali can be called at 520.241.9941. Also see RED Comp #3129.
Pre-Leasing Build-to-Suit on River Road Land Sold
Michael R. Wattis has purchased 3.5 acres of TR zoned land at 1107 E River Road in Tucson for $315,000 ($2.07 PSF) from KLK Consulting Group of Tucson (Carla J Keegan, director). The buyer purchased for pre-leasing a 12,000-square-foot built-to-suit office for general or medical use. Buzz Isaacson with CBRE’s Tucson office represented the seller and is doing the pre-leasing for the buyer. Located between Campbell and 1st Avenue, Isaccson expressed the owner is flexible, and would consider a slightly larger or even multi-tenant building in this pristine natural setting. To learn more Isaacson can be reached at 520.323.5151. For additional information see RED Comp #3139.
Lot in Santa Cruz Plaza Sells for Medical Related Expansion
Dr. Javier Rios of Corona, CA purchased .75 acres of land at Santa Cruz Plaza, located at the northeast corner of I-19 and Ajo Way in Tucson for $165,000 ($5.05 PSF). The buyer owns the adjoining medical clinic, Clinica Medica Familiar at 3770 S 16th Street and purchased the lot for expansion of a related business to the clinic. Pete Villaescusa and Jesse Peron with CBRE’s Tucson office negotiated the transaction and represented the seller, Sagehen Investments of Newport Beach, CA and the buyer. Villaescusa and Peron can be reached at 520.323.5100. For additional information see RED Comp #3208.
C-1 Zoned Land Sells in REO Sale
Business Park Limited Partnership of Tucson (Phillip Roberts, general partner) purchased 1.82 acres at 8437 E Old Spanish Trail in Tucson for $139,000 ($1.75 PSF). The east side location is located close to shopping, parks, restaurants, and major transportation routes and was previously tentatively platted for 20 SFR lots. The tentative plat has since expired and buyer purchased property to hold for investment. Ben and Adam Becker with CBRE’s Tucson office represented the seller, the Bank of Oklahoma. To learn more the Beckers can be reached at 520.323.5100. For additional information see RED Comp #3154.
Expansion Site for Atlas Transmission Sells
The Izzo Revocable Living Trust purchased .67 acres of vacant land at 2360 W Wetmore Road in Tucson for $112,500 ($3.85 PSF) from Pamela L Potts and Richard L Pittman of Tucson. The large fenced, industrial MU zoned lot will be used for expansion by buyer who owns Atlas Transmission at 2380 W Wetmore Road. Tony Reed with Long Realty in Tucson represented the seller and Chuck Blacher with Tucson Realty & Trust Co. represented the buyer in the transaction. To learn more Reed can be reached at 520.577.7400 and Blacher can be called at 520.577.7000. For additional information see also RED Comp #3158.