TUCSON, AZ – Jeramy Price of VOLK Company handled the sale of an approximately 89,298-square-foot parcel at 4502 S Campbell Ave in Tucson for $1.35 million ($15.12 PSF). Located northwest of Benson Hwy and Kino Parkway (Campbell Ave), the transaction closed on February 13, 2024.
Vista Pacific Properties, LLC and PMC, Revocable Living Trust dated July 10, 2006, and CID Opportunity Zone QOB, LLC of Carlsbad, CA was the seller. MC QOZB, LLC, an MC Companies of Scottsdale affiliate, was the buyer.
The buyer has assembled 8.79 acres for a multifamily project planned at the adjoining 1767 E Benson Hwy also owned by the buyer.
MC Companies has been making real estate investing simple since 2001. Our founders, Ross McCallister and Ken McElroy, have been leaders in the industry for over 35 years and have helped many turn their dreams of real estate investing into reality.
As stewards of MC Companies, Ken and Ross maintain an active role in every quadrant of the organization and keep its investment philosophy rooted in the fundamentals of Management, Ownership, and Preservation for every MC asset. In this way, they keep real estate investing and managing our core business and continue to advance our ability to provide the highest possible returns to our investors and the best possible communities for our residents. MC Companies Chief Operating Officer Brian Kearney leads the management and finance teams that deploy these strategies, thoughtfully driving the performance of each asset to ensure we meet – and exceed – our long-term goals of acquiring 25,000 units under MC ownership and management by 2029.
For additional information, Price can be reached at 520.441.4771.
To learn more, see RED Comp #11137.