ORO VALLEY, ARIZONA – Two office buildings at 180 & 190 West Magee Road, at the Ridgeview Plaza, sold for investment at $4.6 million ($210 PSF) to a local investor, Academy Medical Center, LLC (Eddy Chernecki, manager). The property is located northeast of Oracle and Magee Road in Oro Valley.
Built in 1999, the 21,895 square-foot property consists of 11 office units with 830 square feet vacant at time of sale. Tenants include a chiropractor, Life is Good Chiropractic, two physical therapy offices, A Wise Move Physical Therapy & Pilates and Freedom Therapy Myofascial Release. Others tenants include Nancy Weigand Therapeutic Massage, Tucson Property Executives, Theodora Korte – American Family Insurance, Joe Foster – State Farm Insurance, Lewis Management Resources, Beyond Bookkeeping and S AZ Jewish Federation office.
The seller, W.V.L.C. LLC, an investment group / joint venture formed by two family trusts, Spritzer Family Trust (Steve Spritzer) and Kohn Family Trust (Sidney Kohn) was represented by Michael Gross of Tucson Realty & Trust.
The buyer was represented by Jon O'Shea of Vast Commercial Real Estate, who is now contracted for leasing.
For more information, Gross can be reached at 520.577.7000 and O’Shea is at 520.624.9400.
To learn more, see RED Comp #10029.