OFFICE SALES BY TUCSON SUBMARKETS TOTAL $2.8 MILLION

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NORTHEAST SUBMARKET
Smile Spa dental office at 2494-2498 East River in Tucson transferred to Dr. Manu Alexander from the retiring Dr. Mickel Malek for[mepr-show rules=”58038″] $1.65 million ($220 PSF). The property consists of two legal condominiums at Hacienda Del Sol Office Complex (built 2004) that total 7,500 square-feet. The buyer is also taking over the practice from the retiring Dr. Malek and will owner occupying the suites.

JOHAJISO, LLC (Joanne Haupert and James Soward) of Tucson purchased the 1,751 square-foot office at 4858 East Broadway for $210,000 ($120 PSF). The office was built in 1962 and is located in Hoffman Addition on a 10,905 square–foot lot. The seller was Gethman Charitable Remainder Unitrust. We were unable to determine the broker(s) involved in this transaction.

Daniel and Christina Reichardt and James Gosses of Tucson purchased the 1,268 square-foot office at 1160 N Craycroft Road for $92,150 ($73 PSF). The property was a former massage studio built in 1972. The seller was Murray Rulney of Tucson. We were unable to determine if there were broker(s) involved in this transaction.

CENTRAL SUBMARKET
Barrel Cactus Properties, LLC (Miriam Holly Klaiman) of Tucson bought the 1,236 square-foot office at 3050 N Country Club Road in Tucson for $140,000 ($113 PSF). The property was built in 1974. The seller was Kuang Chang Chow as trustee. We were unable to determine whether or not there were broker(s) involved in this transaction.

Mugga Investments, Inc. (Frederick and Jayne Shaffer) of Tucson acquired the 4,508 square-foot office at 3130 N Dodge Blvd. in Tucson for $225,000 ($50 PSF). The property was built in 1973 on a 17,650square foot lot. The seller was Our Family Services, Inc., a non-profit organization in Tucson. We were unable to determine whether or not there were broker(s) involved in this transaction

SOUTH SUBMARKET
Jose Jimenez of Tucson purchased two office buildings at 4855-4863 S 12th Avenue in South Tucson for $300,000 ($105 PSF) for the 1,087 square foot building (built 1982) on 8,209 square-foot lot and the 1,764 square foot building (built 1961) on the same size lot, 8,209 square-feet.. The buyer occupied the adjoining property at 4841 S 12th Ave prior to the sale. We were unable to determine whether or not there were broker(s) involved in this transaction.

EAST SUBMARKET
4337 East 5th Street, LLC (Raymond Magnuson) of Tucson dba Magnuson Insurance Associates bought the 1,103 square-foot building to owner occupy for his insurance firm at 4337 E 5th Street in Tucson for $160,000 ($145 PSF). The building was built in 1978 on a 6,825 square-foot lot. The seller was DuPont Properties, LLC (William and Elizabeth Ross) of Tucson. Tony Reed of Long Realty in Tucson represented the buyer in the transaction. Pat Welchert of Picor was representing the seller.

Reed can be contacted at (520) 918-5189. Welchert is at (520) 546-2748.[/mepr-show]

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[ismember]2494 E River – sale date: 8/23/2013. sale price $1,65,000 down payment $45,000 financed conventionally.

4858 E Broadway – sale date 7/17/2013. sale price $210,000. We were unable to determine down payment, if any.

1160 N Craycroft  sale date 8/19/2013. sale price $92,150. $56,075 down payment with seller carryback for balance.

3050 N Country Club – sale date 8/19/2013. sale price $140,000. All cash transaction.

3130 N Dodge Blvd – sale date 7/1/2013. sale price $225,000. All cash transaction.

4863 S 12th Ave. – sale date 7/31/2013. sale price $300,000. $50,000 down payment with seller carryback for balance.

4337 E 5th Street – sale date 9/13/2013. sale price $160,000. we were unable to determine down payment, if any. Documents show conventional financing. [/ismember]