Oracle Retail Center Sells for $1.4 Million

The strip center at 7366 N Oracle Road in Oro Valley was sold for $1.4 million ($140 PSF) to AM Oracle Building, LLC. The 10,032-square-feet property was occupied by two tenants when it sold, New Balance Shoes and Good Threads by Goodwill, with an additional 3,000 square-feet still available.

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[mepr-show rules=”58038″]New Balance had occupied the space for about seven years, and is one of two locations in Tucson for New Balance Shoes. A Boston-based arch support company that started in the early 1900’s, selling supports to police officers and waiters. Today, New Balance has grown to become a leading global athletic products company meeting the needs of the everyday athlete. The New Balance family of brands includes New Balance, Dunham, PF Flyers, Aravon, Warrior and Brine.

Good Threads, the first Goodwill boutique in the area, moved in last April, for complete story on Good Threads see https://realestatedaily-news.com/first-goodwill-good-threads-boutique-now-open-on-oracle/.

The property was lender owned at time of sale, having been returned in December 2010 to IPTV-B-L6-157, LLC a private lender out of Dallas, TX.

Greg Furrier, Principal and Rob Tomlinson Retail Specialists with Cushman & Wakefield / Picor handled the transaction.

For more information, Furrier and Tomlinson should be contacted at (520) 748-7100.[/mepr-show]

[ismember]Sale date: 8/29/2013. Buyer, AM Oracle, LLC, Alan Miklofsky is also owner of New Balance Shoes and the Shoe House at 6030 N Oracle. He did not want his name to appear, or the fact that he is also a tenant in the article.[/ismember]