MARANA, ARIZONA – (June 14, 2023) – Cortaro Ranch II is located at the northeast corner of I-10 and Cortaro Farms in Marana. A multitenant retail pad at 5730 - 5750 W Cortaro Farms Road, Marana, sold fully leased for $5.246 million ($597 PSF).
The 8,794-square-foot building, built in 2021, sits on a 1.46-acre pad with four tenants: Newton PHo, Freytag Orthodontics, Great Clips, and Filiberto's with a drive-thru, all on long-term leases.
Popular traffic drivers nearby are Walmart, Kohl’s, TJ Maxx, and Petco, which are located immediately west of the site. In addition, Cortaro Ranch is surrounded by well-established residential neighborhoods to the east and west. It has excellent visibility from I-10 and Cortaro Farms Road, making Cortaro Ranch the perfect location for restaurants, retail, office, and entertainment users.
Marana is a sub-market of Northwest Tucson, Arizona, in Pima County, and is fast becoming known as the most pro-business community in southern Arizona. With convenient access for the one million people residing in the Tucson Metro area and a local government that values corporate investment, large and small businesses are taking advantage of development opportunities in Marana.
With two million square feet of industrial space also under construction by Flint Development, the Southern Arizona Logistics Center, is just two exits away on I-10, at W Clark Farms Blvd and I-10.
The seller was Cortaro Commercial JV, LLC, an affiliate of Thompson Thrift Real Estate Company of Phoenix. Chris Hollenbeck with Cushman & Wakefield of Phoenix represented the seller. The buyer, RAB Properties AZ, LLC of Palos Verdes Peninsula, CA was represented by Marcus Muirhead with Lee & Associates of Phoenix.
For more information, Hollenbeck should be reached at 602.224.4475, and Muirhead is at 602.474.9589.
To learn more, see RED Comp #10682.