TUCSON, ARIZONA (Nov. 11, 2022) -- Sixteenth & Ajo, LLC c/o Pete Villaescusa, manager, purchased a 50,000 square-foot retail pad at the southwest corner of Ajo Way and Camino de Oeste in Tucson for $450,000 ($9 PSF). Lot 2 in El Portal Dorado, 4633 West Ajo Way was purchased for construction of a multi-tenant retail building.
The transaction closed October 31, 2022.
Starbucks on the east end and Bisbee Breakfast Club on the west end of building have been pre-leased. Leaving 970 square feet in the middle available for lease.
"With over 39,000 people in this growing area it is an underserved trade area," Villaescusa said. "The growth of residential homes is high with few retail opportunities besides the high volume McDonald's and a new Circle K at Kinney and Ajo."
The seller, ADG Ajo, LLC c/o Steve Grimm has several other pads available here.
For more information, Grimm can be reached at 520.795.5200 and Villaescusa should be contacted at 520.323.5112.
To learn more, see RED Comp #10278.