MARANA, ARIZONA -- COPE Properties, LLC a subsidiary of COPE Community Services, Inc. (COPE) of Tucson purchased 18.57 acres of raw land at 8705 N Silverbell Road in Marana for $1.9 million ($2.35 PSF).
The property is adjacent to the Watermark Assisted Living Facility that was bought in last summer and is under construction. See Watermark Retirement Communities Buys Land in Marana for related article.
COPE bought the acreage with two possible options being explored. One option is for a charter school and the other is to construct affordable housing on the site. The property has a wash that splits the property and accounts for some construction challenges.
COPE Community Services, Inc. is a private, nonprofit healthcare organization. COPE offers comprehensive programs, specialty services, resources, and support to address general mental health and substance abuse issues, serious mental illness, physical healthcare, and wellness concerns. COPE utilizes an integrated healthcare approach that takes into consideration the body, mind, and spirit connection. COPE receives funding from SAMHSA, HUD, Cenpatico Integrated Care (includes AHCCCS and ADHS/DBHS funding) and various commercial insurance plans.
Pat Welchert of Alpha Commercial Real Estate Service, LLC in Tucson represented the seller, DAZ7-Sombrero Peak, LLC an affiliate to The DESCO Group, Inc. of St. Louis, MO.
Jason Hisey with Ray Schneider Company in Tucson represented the buyer.
For more information, Hisey can be contacted at 520.331.3533 and Welchert should be reached at 520.360.9394.
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