TUCSON (January 23, 2024) – Fiesta Plaza Strip Center at 5550, 5650 & 5680 S 12th Avenue in Tucson sold for $3.7 million ($114 PSF). With 22 retail spaces, the center was 95% occupied when it sold. Built in 1998, the 32,400-square-foot center in three buildings is on 3.67 acres.
Tenants included La Bella China Restaurant in 3,600 square feet at 5680 S 12th Avenue, Z market, Sushi Kito, Mpire Barber, Christian Fellow, Lab Express, Arte Salon, Divina Bridal, Chainfruit and Deep Diving, Inc. in 5650 S 12th Avenue. Mariscos Grill, Cell Fix, Nails by Tony. Joyeria La Princess, Tufesa, BeaUtiful Salon, and Jenny’s Fashions are at 5550 S 12th Avenue.
Chris Tsighis and Victoria Lem with Coldwell Banker Realty represented the seller, Foothills Business Ventures, LLC of Tucson. Charles Brent Elsten with AZ Flat Fee in Gilbert represented the buyers, a couple from Huntington Beach. CA.
For more information, Tsighis can be reached at 520.577.5417, and Lem is at 520.272.0585. Elsten can be contacted at 480.771.1511.
To learn more, see RED Comp #11070. The transaction closed on December 29, 2023.