TUCSON, AZ (September 12, 2024) - Cushman & Wakefield | PICOR announced the purchase by Sports Empire Ventures, LLC of a 2,380-square-foot retail building on 1.43 acres of land at 5943 E. Speedway Blvd for $1.25 million ($525 PSF). Facilitated by C&W | PICOR’s Dave Hammack (Retail Specialist) and Steve Cohen (Industrial Specialist), representing the seller, and Jose Dabdoub (Industrial Specialist), representing the buyer, this deal brings a new sports venue to Tucson.
This former veterinary clinic is being transformed into Padel Alley, featuring eight padel courts, four pickleball courts, a terrace bar, and a pro shop. It will provide a variety of academies, clinics, tournaments, and more. Padel is a racket sport that combines elements of tennis and squash and is always played in doubles on an enclosed court. This space is perfect for the growing trend of competitive socializing, which has surged by 386% since 2021.
As consumers increasingly prioritize experiences over products, venues like Padel Alley are ideal for mixed-use districts that offer engaging amenities, unique tenants, and fun meeting places for all, benefiting landlords, tenants, and consumers alike.
The location of Padel Alley is particularly beneficial; situated at the intersection of Speedway and Wilmot, it benefits from high traffic counts—Speedway Blvd alone sees 40,000 vehicles per day—and a demographic population of over 115,000 residents within a three-mile radius.
Follow Padel Alley on Instagram (@Padel.Alley) to stay updated on their grand opening, and get ready to get your game on!
To learn more about the sale, subscribers can go to RED Comp #11434.