Former Pyramid FCU Sold for Multi-Tenant Office Building Conversion

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YL Investments, LLC of Tucson (Yoram Levy, managing member) purchased a 3,222-square-foot  former Pyramid Federal Credit Union (FCU) branch location for [mepr-show rules=”58038″]$325,000 ($101 PSF). The property is on a 26,538-square-foot lot, or .61 acres located at 2850 N Country Club Road in Tucson.

Built in 1974, the buyer purchased it vacant for conversion to a multi-tenant office for two tenants. The buyer had the tenants prior to closing and will handle the leasing without agents.

The property became excess property after Pyramid Federal Credit Union merged with Southern Arizona Communications Credit Union, Tucson TELCO Federal Credit Union and Tucson Healthcare Affiliates Federal Credit Union to become one institution serving more than 16,000 members and counting.

The seller, Pyramid FCU (Ray Lancaster, CEO) and the buyer were represented in the transaction by Jon O’Shea and Aubrey Finkelstein of Vast Real Estate Solutions in Tucson.

For more information, Finkelstein should be reached at (520) 250-1204 and O’Shea is at (520) 624-9400. For marketing flyer Click Here [/mepr-show]

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[mepr-show rules=”58038″]Sale date: 12/5/2013. All cash deal. Escrow time was 45 days. Property is zoned C-1 in Tucson.[/mepr-show]