Multitenant Building at Tucson’s Gaslight Plaza Sells for $1 Million

102-114 S Kolb Rd., Tucson, AZ

TUCSON, Arizona – RBAZ LLC of Tucson (Rouben Beglarian, manager) purchase a free-standing retail / office building at 102-114 S Kolb Road in Tucson for $1 million ($121 PSF).

This fully leased 8,237-square-foot property is conveniently located at the Southwest corner of Broadway and Kolb, in the Gaslight Plaza, which has consistently been a popular retail cluster and one of Tucson’s most active retail centers with businesses, restaurants, spas, live performing theatre and retail shops.

The buyer was a tenant prior to sale and occupied four of the seven spaces as Green Medicine Southern Arizona Integrated Therapies, a medical marijuana dispensary. Other tenants included  Sunrise Chiropractic, Savvy Hair Salon and Body and Mind Fitness Center.

The building, which was built in 1972 underwent substantial improvements inside and out over the years. Located on C-2 zoned land which allows for a wide variety of tenants.

The seller was K.J. Kim, LLC of Tucson (Chong Hee Kim, member) and the buyer were self-represented in the transaction.