TUCSON, Arizona — Delectables Restaurant & Catering (Donna DiFiore, owner) sold 533 N. Fourth Ave. in downtown Tucson recently for $1.48 million ($310 PSF) ending a 44-year run downtown.
Difiore is transitioning the business into a catering-only business and paid $342,000 ($127 PSF) for the building at 427 E Limberlost Dr. for this purpose.
The Delectable business was bought by Difiore in 1982, and the building on 4th Ave in 1988.
The buyer is an investor from Scottsdale (Barrett Silver) who first approached Difiore in April with a tenant in tow, Bocos Tacos y Tequila that opened in the 4th Ave space this week, within about two weeks for remodeling, obtaining liquor license and COO.
John Ash with CBRE Tucson represented the investor in the transaction.
Carl Mickler and Colette Barajas of Centra Realty in Tucson represented Difiore in the sale and the purchase of the new building on Limberlost.
Mickler told us, Delectables occupied approximately 75% of the 4,778-square-foot building and leased space to four other tenants including Metropolis The Salon, Bare Wax & Massage Studio and the Flower Shoppe on 4th Avenue.
The Limberlost property was a former bistro and a wedding event venue complete with a commercial kitchen perfect for a catering business such as Delectables. The sellers were Vilasini and Anjali Suniti Bal who were self-represented in the transaction.
For more information, Mickler should be reached at 520.850.6345 or Barajas at 520.882.0767. Ash can be contacted at 520.323.5177.