TUCSON, AZ (October 17, 2025) -- Cushman & Wakefield | PICOR closed the sale of Glenn East Apartments at 2333 E. Glenn St. for $4,425,000—above the $4.4 million asking price. Allan Mendelsberg and Joey Martinez, Principals and Multi-family specialists, represented both buyer and seller in the transaction.
The 46-unit property sits on 1.07 acres in central Tucson, directly off Campbell Avenue and minutes north of the University of Arizona and Banner University Medical Center. Built in 1963 with recent upgrades, the masonry and wood-frame complex totals 32,620 square feet across 12 one-bedroom/one-bath units and 34 two-bedroom/one-bath units.
The property sold at $94,148 per unit and $140.25 PSF after receiving 12 competitive offers within a two-week marketing period. An attractive assumable loan at 3.7% debt made the investment opportunity even more compelling for buyers looking to minimize financing costs.
Glenn East benefits from its proximity to Campbell Plaza, home to Flower Child, Dough Bird, Baja Cafe, Albertsons, Ace Hardware, and Ross—anchoring one of Tucson’s busiest eastside corridors near the Catalina Foothills. With the University of Arizona, Banner University Medical Center, and Arizona Cancer Center all within a short distance, the property draws consistent demand from students and young professionals.
The complex includes on-site laundry, assigned covered parking, a sparkling pool, and landscaped courtyards with artificial turf, desert plants, and mature shade trees—all set against the view of the Catalina Mountains. Select units have undergone interior upgrades, including modernized kitchens with new cabinetry, tile backsplash, updated flooring, and refreshed bathrooms. Two-bedroom units feature full air conditioning and upgraded electrical panels, while one-bedroom units still operate on evaporative cooling—presenting value-add potential for new ownership.
With below-market rents and operational upside, Glenn East offers immediate opportunities for cash flow improvement. The property closed on October 2, 2025, and was sold with a neighboring single-family home at 2315 E Glenn Street.
Source: RED Comp #12132