Holualoa sells Continental Professional Plaza in Green Valley for $3.1 Million


1131-1151 S La CanadaTucson-based, Holualoa Arizona (Michael Kasser, CEO) sold the Continental Professional Plaza at 1131, 1141 and 1151 S La Canada Drive in Green Valley for $3.1 million ($97 PSF).

The Continental Professional Plaza is a three (3) building medical complex located along La Canada Drive, just west of Interstate 19 in Green Valley AZ. The improvements were constructed in 1979 using a durable masonry block construction system. The buildings are mostly exterior loaded and are situated around a landscaped interior courtyard.

The property was 78% occupied at time of sale.

Continental Professional Plaza is situated on ±4.30 acres of land with a zoning classification of CB-1. Parking is provided by surface spaces at an excellent ratio of ±6:1000 square feet. Access is conveniently provided from both Continental Road and La Canada Drive.

Situated within the retirement community of Green Valley, Arizona, located within the Tucson Metropolitan area, just 20 miles south of Downtown Tucson along Interstate 19. The community offers excellent recreational opportunities, including golfing, hiking and swimming, and a great quality of life that lures residents year-round. Land use in the Green Valley area is dominated by residential development. This area features many master-planned, age-restricted subdivisions and commercial developments that are narrowly targeted on providing goods and services to the retirement population. Demand for office and medical space in Green Valley is consistently increasing as the growing senior population requires additional services.

The buyer, Jian Ming Wu and Miao Q Zhen of Ontario, CA was represented by Jeff Lin with Marcus & Millichap in Ontario, California.

The seller was represented by Eric Wichterman and Michael Coover of Cushman & Wakefield in Phoenix and Jon Jump and Chad Kouts of JVI of Tucson.

For additional information, Wichterman can be reached at 602.224.4471 x271, Coover is at 602.224.4473 and Jump and Kouts can be contacted at 520.733.0007.

To learn more, see RED Comp #3713.