Office Building in Palisades Corporate Plaza sells for $4.5 Million

8950 N Oracle, Oro Valley

Oro Valley, Arizona — Vast Commercial Real Estate Solutions (Vast CRE) brokered the sale of a Class A corporate building at 8950 N Oracle Road, Oro Valley, AZ 85704. Located along the high-traffic Oracle Road corridor in the Palisades Corporate Plaza, the 41,134-square-foot space sold for $4.5 million ($109.40 PSF) on December 21, 2017.

Constructed in 2007, the two-story building was originally a build-to-suit local corporate office for Pulte Homes, a brand of PulteGroup, Inc., one of the largest home construction companies in the US.

Jon O’Shea, Rob Fischrup, and Eric Lamb of Vast CRE represented the Buyer, 220Properties, LLC of Tucson, AZ.  The Seller, NU-Vista 8950, LLC was represented by Buzz Isaacson of the Tucson branch of CBRE Group, Inc., a global commercial real estate and investment brokerage firm based out of Los Angeles, CA. Financing was provided by Eric Weiss of Vantage West Credit Union in Tucson, AZ.

Vast Commercial Real Estate Solutions (Vast CRE) is a full-service commercial real estate firm that specializes in investment and advisory services. Since its inception in 2008, the company has brokered over $80 million in purchase and sale transactions and has leased over 500,000 sq. ft. in Pima and Cochise Counties. Vast CRE has managed over $12 million of tenant improvement and capital improvement construction.

O’Shea, Fischrup and Lamb should be reached at 520.528.5380.

To learn more, see RED Comp #5432.