Sierra Vista, Arizona – An investment group, South Plaza Vista LLC led by the principals of Tucson-based Larsen Baker LLC, George Larsen, CCIM recently purchased the 65,000-square-feet former Sutherland’s Lumberyard building at 493 N. Highway 90 Bypass in Sierra Vista for $2.35 million ($36 PSF) in Cochise County.
South Plaza Vista LLC plans to extensively remodel the now vacant building and re-purpose it for retail users along with such area tenants as Ross Dress for Less, Hobby Lobby, Walmart, Lowes, CAL Ranch Store, Burger King, Chase Bank, Subway and Fry’s Marketplace., Wal
This will be Larsen Baker’s third real estate investment in Sierra Vista. The company also owns Cochise Plaza on Fry Blvd and the VA Medical Outpatient Clinic on Coronado Blvd.
The buyer was represented by Peter Villaescusa and Jesse Peron of CBRE, Inc and Andy Seleznov, CCIM and Melissa Lal, CCIM of Larsen Baker. The seller, Dardanelle Timber Company of Kansas City MO, was represented by Velocity Retail Group, Brian Gast, Dave Cheatham, and Darren Pitts 602.828.0410
For leasing information, Andy Seleznov and Melissa Lal of Larsen Baker and Peter Villaescusa and Jesse Peron of CBRE should be contacted or click here to learn more.
For more information, contact Villaescusa at 520.323.5112 and Peron at 520.323.5130. Seleznov and Lal can be contacted at 520.296.0200, while Gast, Cheatham and Pitts can be reached at 602-682-8100.
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