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A former Chuy’s restaurant at 1825 W Valencia in the Tucson West submarket has a new owner. Marvaliz, LLC of Tucson (Alonzo Mendoza and Graciela Garcia) bought the vacant building from the lender, Western Alliance Bank for[mepr-show rules="58038"]$625,000 ($185 PSF) for a new Mariscos Chihuahua restaurant location. The property is located on .79 acre southwest of I-19 on Valencia Road. Marisco’s already has eight restaurants in Tucson and Nogales, Mexico. Opening date for the latest location is undetermined.
Before there was a Mariscos Chihuahua, there was only Mariscos. In 1971 a small stand opened in Nogales, Mexico selling Mariscos (Seafood). The stand opened next to a well- known fruit stand “Fruteria Chihuahua". People from all over Nogales would shop at this famous fruit stand and soon started buying ceviche, cocktails, and other Mariscos at the stand next door. When the word started to spread about this little Mariscos stand and its amazing recipes, people would refer to it as “the Mariscos next to the Chihuahua”, and that is how ‘Mariscos Chihuahua’ came to be. Once the stand grew into a full size restaurant the name Mariscos Chihuahua stuck. As the founding family grew and moved to Tucson and Phoenix, so the recipes and restaurant locations grow.
Buyer purchased with new financing from Bank of America. The property sold previously in 2008 for $1.5 million and returned to the lender, Western Alliance in 2012.
Dave Dutson of CBRE in Tucson represented the seller and Rick Borane of the Volk Company in Tucson represented the buyer.
Mendoza at Marisco’s Chihuahua can be contacted at (520) 884-3457. Dutson is at (520) 5118 and Borane can be reached at (520) 326-3200.
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[ismember]1825 W Valencia closed 6/20/2013 with $312,500 down and new financing from Bank of America. Property had been on the market for sale or for lease. [/ismember]