Phoenix, AZ (October 3, 2025) – SVN | Desert Commercial Advisors is pleased to announce the successful buyer-side representation in the $4.3 million acquisition of a well-positioned industrial property at 4002 N 36th Ave, Phoenix, AZ 85019. The buyer, Hilton Cabinets, was represented by the firm’s AZ O/I Team: Justin Horwitz, Richard Lewis, Sean Alderman, and Jillian Moyer.

The freestanding facility checked all the right boxes, featuring a secure and gated yard, significant power capacity, and fully air-conditioned interiors. The A-2 zoning and the flexible layout potential truly aligned with Hilton Cabinets’ long-term vision.

“This was more than just a transaction; it was a chance to help a business scale and reimagine a unique space,” said Jillian Moyer, of SVN’s AZ O/I Team. “Being part of Hilton Cabinets’ growth story and watching the transformation of this building has been both personally and professionally rewarding.”

SVN swiftly acted as the first to tour and submit an offer on a newly listed property. This quick action was crucial due to the significant attention the property had already attracted from the brokerage community. The outcome was a collaborative yet competitive transaction, closing below market comparables and presenting a unique value opportunity in Phoenix’s increasingly constrained industrial sector.

The building’s previous use as a marijuana grow facility created a unique valuation challenge, requiring the appraiser to think creatively about its potential future use as a cabinet manufacturing and distribution center. Renovation plans are already underway, including white-boxing the interior and redeveloping the front section into modern office space.

On the seller’s side, Chad Kirkorsky, Partner at Citywide Commercial Real Estate, noted the collaborative nature of the transaction:

“It was a pleasure representing the seller of 4002 N 36th Ave. Our focus from the start was to target a manufacturing buyer who could fully utilize a freestanding building with heavy power. Hilton Cabinets was a perfect fit. Big thanks to Richard Lewis and Jillian Moyer with SVN for bringing an excellent buyer and helping ensure a smooth, collaborative transaction. This deal is a great example of how teamwork and professionalism lead to successful outcomes. Congratulations to Hilton Cabinets on their continued growth and new facility. We’re proud to have been part of the process and help deliver a win-win for all parties involved.”

This deal is a standout example of how well-positioned properties, combined with proactive representation, can deliver strong outcomes for sellers and buyers in a highly competitive market.

PIMA COUNTY (Oct. 3, 2025) — Pima County is accepting applications for funding to support the development, preservation, acquisition, or rehabilitation of affordable housing projects.

The Board of Supervisors has allocated $5 million in Fiscal Year 2025-26 for affordable housing gap funding, in addition to $3.5 million for direct assistance to keep residents safely housed.

Through this funding, Pima County aims to support a variety of projects. Applicants may request up to $1 million per project in the following categories:

• New Development – Rental projects
• New Development – Homeownership
• Existing Projects – Preservation, rehabilitation, acquisition, and/or adaptive re-use
• New Development – Bridge and/or transitional housing

While the County intends to fund at least one project in each category, it reserves the right to decline to award in any category, or to award at less than the requested amount.

Applications opened Oct. 1 with the posting of a request for proposal to qualified nonprofit and for-profit developers, contractors, builders, government agencies, and partnerships. Proposals are due by Oct. 31, 2025.

An evaluation committee from the Pima County Community & Workforce Development Department and other departments will review applications and make recommendations to the Pima County Regional Affordable Housing Commission, which will present funding recommendations to the Board in January 2026. The committee is prioritizing tribal community projects with bonus points in its scoring system.

The application, summary, and more information are available on Pima County’s website.

In June 2025, the Board strengthened its commitment to affordable housing by approving a 10-year policy starting next fiscal year that includes at least $200 million over the $50 million already in the base budget, along with the $8.5 million for this fiscal year.

These actions align with the housing priorities of the Board-approved Prosperity Initiative, a regional partnership working to reduce generational poverty.

TUCSON, Arizona (October 2, 2025) — Casitas De Tucson, a 27-unit multifamily community located at 3601 East 4th Street in Tucson’s Central submarket, has sold for $5,900,000 ($218,518 per unit). The investment transaction closed on September 25, 2025.

The property consists of 27 freestanding casitas, built in 2001, each designed as a two-bedroom, two-bathroom residence. Twenty of the units feature garages, and seven offer covered carports. All homes include walled rear yards and laundry hookups, catering to renters seeking a single-family lifestyle within a managed community setting. The complex totals 35,010 square feet on 1.83 acres, with an average unit size of approximately 1,296 square feet. The sale equates to $218,518 per unit, or $168.52 per square foot.

The buyer, Casitas De Tucson LLC, is an investment entity based in Chandler, Arizona, and is represented by its members, Hugo and Marie Correa. It was also represented by Carol Gallegos of Gallegos & Associates in Scottsdale. The sellers were Todd Alan and Elizabeth Bailey of Tucson, represented by Long Realty Company’s Kelly Doty and Rana McGoldrick, who marketed the property.

Casitas De Tucson occupies multiple parcels in the Speedway View subdivision along East 4th Street and North Richey Boulevard. The R-2 zoning provides for medium-density residential uses, aligning with the property’s detached casita design. The community’s central location offers residents proximity to the University of Arizona, Banner–University Medical Center, and midtown employment corridors.

Multifamily investment activity in Tucson is expected to remain strong through 2025, with buyers targeting smaller, well-located properties that offer unique living formats. The freestanding casita model provides an alternative to conventional apartment living and has become increasingly sought after by renters seeking privacy and by investors focused on stable occupancy trends.

For more information, please contact Doty at 520.603.3491 or McGoldrick at 520.444.8623.

Source: RED Comp #12113.