TEMPE, Arizona – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Super Star Car Wash, a 3,993-square-foot net-leased property located in Tempe, Arizona.

According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $5,116,519 ($1,281 PSF).

Zack House, Waylan Heers, Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was procured by Andrew Knudsen, an investment specialist in Marcus & Millichap’s Salt Lake City office. The property has a new 20-year absolute triple-net lease with 10% rental increases every five years.

Super Star Car Wash is located at 1335 West Warner Road in Tempe, Arizona. Based in the growing Tempe trade area half a mile of the I-10 Freeway, the property is surrounded by national retailers like IKEA, Lowe’s, Kick’s Sporting Goods, Main Event, Costco, The Home Depot and more. Population in the immediate area is projected to increase by 14% by 2025 and average household income exceeds $107,000 within a three-mile radius.

PHOENIX, ARIZONA – AZCREW, the commercial real estate organization that exists to transform the industry by advancing women globally, presents its annual Women Icons event, this year featuring “Leading Ladies of Commercial Real Estate Organizations.”

Speakers for the event include Suzanne Kinney, President and CEO, NAIOP Arizona; Deb Sydenham, Executive Director, ULI Arizona; Lindsey Carlson, President, AZCREW; Marina Hammersmith, 2020 Chapter President, Central Arizona CCIM; and Carrie Kelly, Executive Director, Arizona Association for Economic Development (AAED).

The program is scheduled for Oct. 19 from 4:30 to 6:30 p.m., at the Central Arts Plaza conference facility, 1850 N. Central Ave., in Phoenix. It is an in-person event. Registration is $40 for AZCREW members and $50 for nonmembers.

“The lineup for this year’s panel is proof that women are taking their seat at the table,” said Heather Skinner, AZCREW board member and incoming president. “Each of our speakers has exhibited exemplary leadership both within the industry and their respective organizations.

“We’re thrilled that the five major commercial real estate organizations in the Valley are led by women, but there is still much to accomplish. CREW Network is leading the way globally for diversity, equity, and inclusion in the industry,” Skinner said.

Those attending are required to fill out a COVID-19 waiver prior to attending the event. Register here. The waiver can be found on the registration form.

PHOTO: Deb Sydenham with ULI Arizona (left) and Suzanne Kinney with NAIOP Arizona (right).

Highlighted this week is a 5,560-square-foot office lease at 5656 East Grant Road, Suites 170A and 170B handled by Ian Stuart of CBRE and Dave Volk of VOLK Company

The following leases were submitted to the Real Estate Daily News for the Tucson Lease Report from September 27 – October 1, 2021.

OFFICE – 5656 E GRANT RD., TUCSON 85712, Northeast
Home Health Tucson, LLC and Arizona Hospice Tucson, LLC leased approximately 5,560-square-feet at 5656 East Grant Road, Suites 170A and 170B. Ian Stuart of CBRE represented the tenant. Dave Volk of VOLK Company represented the landlord, Fifty-Six, Fifty-Six, LLC.

RETAIL – 6032 N ORACLE RD., TUCSON 85704, Northwest
Starry Sky, LLC dba Cactus Quilt Shop has leased 5,466-square-feet at Casa Blanca Plaza located at 6032 N Oracle Rd. Cactus Quilt Shop will sell goods, wares, and merchandise as well as offer quilting services, classes, and workshops. They will be opening the beginning of 2022. Isaac Figueroa with Larsen Baker represented the Landlord, Casa Blanca Plaza, LLC. Michael Coretz with Commercial Real Estate Group of Tucson represented the tenant.

OFFICE – 120 N STONE AVE., TUCSON 85710, Central
BBVA USA renewed their lease for approximately 4,483-square-feet at 120 North Stone Avenue. Dave Volk of VOLK Company represented the landlord 120 North Stone, LLC.

RETAIL – 7315 N ORACLE RD., TUCSON 85704, Northwest
SnoozeTown, LL leased approximately 3,750-square-feet at 7315 N. Oracle #161 within Two Oracle to be used as a Snooze restaurant. Rick Volk of VOLK Company and Melissa Lal and Isaac Figueroa of Larsen Baker represented the landlord, Oracle Ina Investors LLC and SRP Two LLC.

OFFICE – 86 E ESPERANZABLVD., GREEN VALLEY 85614
Smile Brands West, LLC, extended their lease for approximately 2,769-square-feet at 86 E Esperanza Boulevard, Suite 200, in Green Valley. Jeramy Price of VOLK Company represented the landlord, Shodo Properties L.L.C.

RETAIL – 6781 N THORNYDALE RD., TUCSON 85741, Northwest
Imperial Pools and Design, LLC leased approximately 2,400-square-feet at 6781 N Thornydale Rd, Suite 219 within NorthPointe Village to be used as a pool store. This is the fourth lease handled by Castillo at the project, which is down to one remaining vacancy. Ajo Way. Rick Volk of VOLK Company represented the landlord, Park View Plaza, Inc. Joey Castillo of VOLK Company represented the landlord, SCG-Northpointe, LLC.,

OFFICE – 8740 N ORACLE RD., TUCSON 85704, Northwest
LaPosada at Park Centre, Inc. leased approximately 2,056-square-feet at 9740 N Oracle Road, Suite 102 to be used as a sales office. Debbie Heslop, CCIM of VOLK Company represented the landlord, Boulder Oro Valley, LLC.

RETAIL – 7315 N ORACLE RD., TUCSON, 85704, Northwest
Pure Delicious 2 LLC leased approximately 1,343-square-feet at 7315 N. Oracle #105 within Two Oracle to be used as a Pure Poke restaurant. Rick Volk of VOLK Company and Melissa Lal and Isaac Figueroa of Larsen Baker represented the landlord, Oracle Ina Investors LLC and SRP Two LLC.

RETAIL – 130 W FORTH LOWELL RD., TuCSON 85705, Central
Country Home Furniture, Inc., leased approximately 1,260-square-feet at 130 W Forth Lowell from R Legacy Irrevocable Trust to be used for furniture storage. Max Fisher of BRD Realty represented the landlord. Andreas Castillo and Jeramy Price of VOLK Company represented the tenant, Country.

RETAIL – 3855 N ORACLE RD., TUCSON, 85705, Central
Lane’s Electric LLC, leased approximately 1,260-square-feet at 3855 North Oracle Road from Tesoro Enterprises, LLC to be used as for an office/warehouse. Glen Patching and Gary Emerson of GRE Partners, LLC represented the landlord. Andreas Castillo and Jeramy Price of VOLK Company represented the tenant.

OFFICE – 1020 E PALMDALE, TUCSON 85714, SOUTH
Stacy Benson leased approximately 1,200-square-feet at 1020 East Palmdale from Foothills Business Ventures, LLC to be used as an insurance office. Gary Emerson of GRE Partners represented the landlord. Joey Castillo of VOLK Company represented the tenant.

INDUSTRIAL – 1511 N WILMOT RD., TUCSON 85712, East
ABC & L Home Products dba Hands Off, in the lease of approximately 1,100-square-feet at 1511 N Wilmot Road, within Dorado Center from Dorado Center Tucson LLC. Robert Nolan of Oxford Realty Advisors represented the landlord. Andreas Castillo and Jeramy Price of VOLK Company represented the tenant.

RETAIL – 7049 E TANQUE VERDE RD., TUCSON 85715, Northeast
Highroad Velo LLC. leased approximately 1,077-square-feet at 7049 East Tanque Verde for expansion of the current Sabino Cycles shop. Rick Volk of VOLK Company represented the landlord, Sabino-Verde, L.L.C.

RETAIL – 1716 W AJO WAY., TUCSON 85713, South
Adrian’s by Angel Barber Shop LLC leased approximately 900-square-feet at 1716 West Ajo Way. Rick Volk of VOLK Company represented the landlord, Park View Plaza, Inc.

RETAIL – 3400 E SPEEDWAY BLVD., TUCSON 85716, Central
Tomas Woodwork, LLC, leased approximately 868-square-feet at 3400 E Speedway Blvd, Suite 110 within Rancho Center for a furniture repair and custom build shop. Debbie Heslop, CCIM of VOLK Company represented the landlord, Rancho Center, LLC.

RETAIL – 215 N HOFF AVE., TUCSON 85705, Central
Tophoy Block, LLC., lease approximately 762-square-feet at 215 N Hoff Ave #121 to Form Sewing & Design Studio to be used as a design studio. Joey Castillo of VOLK Company represented the tenant.

RETAIL – NW CORNER of 22nd ST and PANTANO RD., TUCSON 85710, East
The Pit LLC leased an approximately 20,004-square-foot parcel with an approximately 561-square-foot building located on the northwest corner of 22nd Street and Pantano Road. VOLK Company agents Jeramy Price and Joey Castillo handled the lease for The Wong Family Limited Partnership.

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