Mineral Market Place Acquires 25K SF Freestanding Retail Property in Tucson

3754 S. 16th Ave., Tucson, AZ

Tucson, Arizona CBRE has facilitated the sale of a 24,999-square-foot freestanding junior anchor building in the Santa Cruz Plaza retail center in Tucson, Ariz. to an owner/user for $1.41 million ($56.40 PSF).  The transaction closed September 17, 2020.

Nancy McClure of CBRE in Tucson represented the seller, LSC Realty Arizona, LLC c/o Community Banks of Colorado. The buyer was Apache Junction, Ariz.-based Gem World, which plans to occupy the property with a retail/wholesale business. Dave Blanchette, CCIM, with NAI Horizon Tucson represented the buyer, Gem World.

Located at 3754 S. 16th Ave. at the northeast corner of Interstate 19 and Ajo Way, the property is neighbored by Fry’s Food & Drug, Burlington, Boot Barn and various other national retailers. The property is situated on 2.44 acres.

“The property offered Mineral Market Place, LLC an opportunity to acquire a well-located property in a busy neighborhood retail center anchored by Fry’s Food & Drug and several other national retailers,” said CBRE’s McClure.

For additional information McClure should be contacted at  520 323 5117 and Blanchette is at 520.906.9446.

To learn more, subscribers can see RED Comp #8108.

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