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The Wright-Oracle, LLC (Bruce Wright, manager) sold the 10,090 sq. ft. building and excess land at 2904 N 1st Avenue in Tucson to the tenant for the past nine years. USA Pawn & Jewelry of Las Vegas through its affiliate North 1st Avenue, LLC (Craig McCall, partner) paid $1.2 million ($119 PSF) in an all-cash deal. The property sits on an 81,320 sq. ft. lot zoned C-2, and had a 1,984 sq. ft. boarded up building at 2886 N 1st Avenue that sold for land value along with excess land and a total of 428 feet frontingFirst Avenue.

The building occupied by USA Pawn was remodeled in 2012, with 1,500 sq. ft. retail and 8,405 sq. ft. storage on a paved lot with 43 parking spaces, according to the building plans.

USA Pawn & Jewelry Company is a private company established in 2002 inNevadaand has locations in Nevada, Oregon and Arizona. In Tucson, it has nine other locations at 3867 N Oracle, 2590 S Kolb Rd, 1726 W Ajo Way, 1895 W Valencia, 420 W Valencia, 1902 E Irvington, 5000 E Speedway Blvd, 3402 S 6th Avenue, and 4870 E 22nd Street.

Terry Dahlstrom with the Volk Company in Tucson handled the transaction.

McCall can be reached at (702) 851-8155. Dahlstrom is at (520) 326-3200.

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RETAIL – 3725 E FORT LOWELL, TUCSON
Goodwill of Southern Arizona leased 15,000 sq. ft. of warehouse / showroom space at 3725 East Fort Lowell in the former ‘Knock On Wood Furniture’ space. Located in the heart of Tucson’s furniture district, at the base of the Catalina Foothills in Central Tucson. Scott Soelter of Newmark Grubb Knight Frank in Tucson represented the landlord, 3725 East Fort Lowell, LLC (Howard Stewart, manager) and Lynn Taylor of Whrilygig Properties represented the tenant.

This was the only lease reported for the week of April 8-12, 2013

To submit sales and leases email [email protected]

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WCCP Tucson West, LLC (Scott Douglas, manager) an affiliate of West Coast Capital Partners, with offices in Torrance, CA and Scottsdale, in partnership with Philip Skillings, principal of West Commercial, LLC in Tucson, bought the Tucson West office building at 333 East Wetmore Rd for[mepr-show rules=”58038″]$16.4 million, ($113 PSF) from Aslan III 333 East Wetmore, LLC an affiliate of Transwestern Commercial Real Estate Services that managed the building. Built in 1986, the six-story office building tenants include engineering and mining firms such as Jacobs Engineering, PSOMAS Engineering, and Century Link.

The 145,353 sq. ft. building has been ENERGY STAR certified since 2010 with an energy performance score of 93. Following new adjustments through ENERGY STAR in 2011, the property has a performance score of 84, saving the building’s owners an estimated $20,000 in annual energy costs.

According to Scott Douglas, the buyer was attracted to the building “because of its excellent tenant mix and minimal vacancy.” Douglas says he is, “very excited about the building and Tucson,” being originally from Tucson himself, he now lives in Los Angeles and will be coming to Tucson often. The building is in great condition, the only thing Douglas said it could use was, “some minor exterior upgrades.”

Phil Skillings of West Commercial Real Estate Advisors in Tucson will handle leasing of the property.

The Bank of Arizona, Jennifer Pescatore, Senior Vice-President Commercial Real Estate Regional Manager handled financing.

Bill Palmer of Palmer Capital in Sacramento brokered both sides of the deal.

West Coast Capital is a private investment firm and also owns Plaza Palomino at Swan and Fort Lowell in Tucson that is currently undergoing a major renovation that is scheduled for completion next month. West Coast is actively looking for other investment opportunities in Tucson.

Contact Douglas at (310) 698-5320. To reach Skillings, call (520) 326-4500. Pescatore can be contacted at (602) 989-2370, and Palmer is at (916) 446-8272.

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