ANAHEIM, Calif. – DAUM Commercial Real Estate Services has completed the sale of a 25,334-square-foot industrial property on a 1.45-acre lot in the Orange County submarket of Anaheim, California on behalf of the seller, a private real estate investment firm.

Chris Migliori, SIOR, an Executive Vice President at DAUM Commercial, represented the seller and procured the buyer, CA Kitchens Floors & Baths, in the transaction.

“The seller had an extremely well-located Orange County asset and came to us seeking a quick, smooth sale to capitalize on record industrial demand in the current market,” says Migliori, who notes that the North Orange County submarket experienced industrial vacancy rates of 1.22% in Q4 of last year—some of the lowest in the country.

Migliori notes that the buyer plans to occupy the space once the current tenant is fully vacated.

“The property is going to be occupied by a strong family owned and operated tenant that provides over 28 years of general contracting experience. The building will be used for showroom, warehousing and distribution of materials for their remodeling company,” says Migliori. “Further, due to the asset’s freeway-adjacent location and features, including an increasingly in-demand large gated and secured yard, it would be essentially irreplicable in today’s space-constrained market. This positions the property to attract strong interest from a range of users for years to come.”

Migliori adds that the property offers convenient access to freeways including Interstate 5 and State Routes 57, 22, and 91, as well as close proximity to the Port of Long Beach.

Built in 1961, the one-story freestanding building features 2,000 square feet of office space, a ground level door ramp, two dock high doors, 17-foot clearance height, and 400 amps of power.

The property is located at 1340 South Claudina Street in Anaheim, California and was sold for a total consideration of $7.5 million.

Famous Dave’s parent company BBQ Holdings announced last week during its fourth quarter earnings call, the intention to acquire Mexican fine-dining brand, Barrio Queen. The $28 million deal with the Arizona-based, 7-unit restaurant brand is expected to go through in April and will be BBQ Holdings’ largest acquisition to date (and its third in the past year).

“We are thrilled to pass the baton to the BBQ Holdings team and couldn’t be more proud of what we have built,” Linda Nash, co-owner of Barrio Queen said in a statement. “The success of these restaurants is the result of many years of hard work and dedication from the Barrio team.  We are confident the transition will be smooth and seamless thanks to Anish Gandhi and his team at Brookwood Associates, who advised on the transaction.”

This acquisition follows previous deals in April 2021, when BBQ Holdings purchased Granite City Brewery and Real Urban BBQ, and Oct. 2021, with the acquisition of Tahoe Joe’s.

“We are excited to welcome Barrio Queen into the BBQ Holdings family,” BBQ Holdings CEO Jeff Crivello said in a statement. “It’s a beloved brand with an entrepreneurial team that has done a great job. The food offerings and environment are unlike any of our other brands. It will be a truly unique addition to our portfolio. We look forward to continuing their path of success.”

With seven restaurants across Arizona and an eighth on the way (opening date of Dec. 2022), Crivello sees room for growth, as Barrio Queen fills the fine-dining gap in BBQ Holdings’ portfolio.

“BBQ Holdings is on a great growth trajectory,” he added. “We have three pillars of growth: adding topline sales to our current restaurants, new prototypes and organic new units, and M&A to build a diversified portfolio of food and beverage brands.  Barrio Queen is the perfect fit for our portfolio.”

TUCSON, ARIZONA — Highlighted this week is 17,727-square-feet of industrial space leased at West Commerce Court in Tucson to Kodiac Interiors Group, LLC dba Arizona Appliance and Home handled by Andy Seleznov, CCIM, with Cushman & Wakefield | PICOR representing the tenant.

The following leases were submitted to the Real Estate Daily News for the Tucson Lease Report from March 14-18, 2022.

INDUSTRIAL – 1641 W. COMMERCE CT., TUCSON 85746, West
Kodiac Interiors Group, LLC dba Arizona Appliance and Home, leased 17,727-square-feet of industrial space at West Commerce Court, 1641 W. Commerce Ct., Suite 101 in Tucson, from Miller Sales & Engineering, Inc. Ron Zimmerman, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Andy Seleznov, CCIM, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant.

INDUSTRIAL – 3759, 3761, 3763 E 43^rd PL., TUCSON 85713, South
Distribution International, Inc. renewed their lease with JDLH Investments, LLC for 15,000- square-feet of industrial space at 3759, 3761, & 3763 E. 43rd Place, in Tucson. Stephen D. Cohen, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Robert C. Glaser, SIOR, CCIM, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, and Beau Kaleel with Cushman & Wakefield, Houston, represented the tenant.

INDUSTRIAL – 16220 S. LA CANADA DR., SAHUSRITA 85629, South 
PowerPhotonic Inc. leased 14,000-square-feet of industrial space at SAMTEC, 16220 South La Cañada Dr., Suite 1 in Sahuarita, from the Town of Sahuarita. Alex Demeroutis, and Jesse Blum, Principal, Industrial Specialists with Cushman & Wakefield | PICOR, represented the tenant in this transaction. Ian Stuart and Tim Healy with CBRE, Tucson, represented the landlord.

INDUSTRIAL – 4175 S. FREMONT AVE., TUCSON  85714, South
Savant of the West LLC renewed their lease with Doubletree Investments, Inc. for 6,230-square-feet of industrial space at 4175 S. Fremont Ave., Suite 106 in Tucson. Stephen D. Cohen, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Ted Liles and Marissa Dichiara with Cresa, Phoenix, represented the tenant.

RETAIL – 4500 E. SPEEDWAY BLVD., TUCSON 85712, Northeast
All Nations Church renewed their lease with Pegasus Tucson Owner LLC for 3,176- square-feet at Midway Business Park, 4500 E. Speedway Blvd., Suite 109-110 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 1646 S. RESEARCH LOOP, TUCSON  85710, East 
Timberlake Crafts, LLC leased 2,322-square-feet of industrial space at Eastside Research Commerce Center, 1646 S. Research Loop, Suite 140 – 150 in Tucson, from Eastside Center, LLC. Ron Zimmerman, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 3961 E. SPEEDWAY BLVD., TUCSON 85712, Northeast
Boxed Services LLC leased 2,315-square-feet of industrial space at Central Point Business Plaza, 3961 E. Speedway Blvd., Suite 414 & 415 in Tucson, from Central Point Tucson, LLC. Molly Mary Gilbert, Office Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction. Greg Furrier, and Rob Tomlinson, Principals and Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 3959 E. SPEEDWAY BLVD., TUCSON 85712, Northeast
WaterLogic Americas, LLC leased 2,200-square-feet of industrial space at Central Point Business Plaza, 3959 E. Speedway Blvd., Suite 308 & 309 in Tucson, from Central Point Tucson, LLC. Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction. David Blanchette, CCIM with NAI Horizon, Tucson, represented the tenant.

RETAIL – 3000 W. VALENCIA RD., TUCSON 85746, West
Funland Raspados and Mr. Beez Vape Emporium have leased the remaining two spaces at Manzanita Plaza located at 3000 W Valencia at the NWC of Valencia Rd. and Cardinal Ave. Funland Raspados, a quick serve raspados and Mexican snack shop leased 1,780-sqaure-feet in suite 238. Mr. Beez Vape Emporium, selling electronic cigarettes and vape products, leased 1,480-square-feet in Suite 222. The plaza is now 100% leased.  Isaac Figueroa and Elaina Elliott represented the Landlord, Manzanita Investment Group, LLC, an affiliate of Larsen Baker, in both transactions.

OFFICE – 4555 S. PALO VERDE RD., TUCSON 85714, South
Tradesmen International, LLC renewed their lease with Pegasus Tucson Owner LLC for 1,720-square-feet of office space, at Butterfield Business Park, 4555 S. Palo Verde Rd., Suite 105 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. David Blanchette, CCIM, with NAI Horizon, Tucson, represented the tenant.

INDUSTRIAL – 1870 W. PRINCE RD., TUCSON 85705, Central
Zimmer US, Inc. leased 1,599-square-feet of industrial space at Exchange Place, 1870 W. Prince Rd., Suite A-1 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Kevin Burnett with Colliers, represented the tenant.

INDUSTRIAL – 3601 E. 44^th ST., TUCSON 85713, South
Studio 220, dba Got All Your Marbles renewed their lease with Pegasus Tucson Owner LLC for 1,200-square-feet of industrial space, at South Dodge Business Center, 3601 E. 44th St., Suite 105 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – 1011 N. CRAYCROFT RD., TUCSON 85711, East
Advanced IV Health, LLC has leased 837-square-feet at Craycroft Plaza located at 1011 N Craycroft Rd, Suite 400, Tucson, AZ 85711. Advanced IV Health offers clinical services and intravenous treatments for Dehydration, Flu, Covid, Health Optimization, Immune System Boost, Hangovers, Brain Fog, Athletic Performance & Anti-Aging and more.  Isaac Figueroa with Larsen Baker represented the Landlord in this transaction.

OFFICE – 1955 W. GRANT RD., TUCSON 85754, West  
Saguaro Staffing Solutions LLC leased 310-square-feet of office space at West Grant Centre, 1955 W. Grant Rd., Executive Suite W in Tucson, from WestGrant Investors, LLC. Molly Mary Gilbert, Office Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

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