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“Builders and the public are attracted to Rancho Sahuarita for the life-style,” according to Ted Herman, Director of Real Estate at Sharpe & Associates, “we make a big effort to make residents’ lives more fun and enjoyable with a wide variety of events.” This month an eclectic community event calendar shows a car and motorcyle show, a rodeo round up day, the 6th annual father/daughter dance, speakers on financial matters and an assortment of health and fitness classes for every member of the family. Something for everyone seems to be working well there.

On February 22, 2013 Richmond American Homes (NYSE: MDC) the home building subsidiary of M.D.C. Holdings, closed on 24 finished lots, paying[mepr-show rules=”58038″]$792,000 ($33,000 per lot) for this final takedown at Presidio San Xavier. The seller, Rancho Bridge, LLC (Greg Anderson, principal) of Tucson purchased 48 lots from Pulte Homes last year and resold them to Richmond American in a two-part option agreement that began April, 2012. The lots were a mixture of 45′ x 100′ and 55′ x 100′ lots.

Dan Feig of Chapman Lindsey in Tucson represented the builder and seller in the option agreement.

In a separate transaction, Richmond American acquired an additional 77 finished lots at Presidio del Norte for $4.24 million ($55,000 per lot) from RSMC VI, LLC, an affiliate of Sharpe & Associates of Tucson (Bob Sharpe, CEO) in a cash purchase. The builder reports a completely new line of home models to be coming to these mostly 50′ x 110′ lots.

Herman reported building permits in Rancho Sahuarita are up by 80% over the past 12 months, and new home closings are up another 20% over the past 12 months. Including the 77 lots sold to Richmond American, there are 265 buildable lots in the hands of builders there, less than a 12 month inventory. Distress builders’ lots have also all been depleted, so with restricted supply and increased demand, there can subsequently be expected higher prices for both homes and land. Home foreclosures also declined by 41% from its 2010 all-time high, and distressed homes returned to lenders is down by 32% from this same period. These are all positive shifts in market perseptions that lend to an increased optimism for the future for housing in Rancho Sahuarita.

“Rancho Sahuarita’s building fees, if not the lowest in the area, are certainly very competitive,” Herman commented, “there are no impact fees as found in the City and County, another big advantage to builders in this award-winning community.” Builders such as Richmond American, Maracay Homes and DR Horton are currently building here.

In the early 1990′s, Bob Sharpe purchased an old cotton farm in a community known as Sahuarita, with the vision of creating a highly amenitized master planned community. Sharpe compiled a team to help form the Town of Sahuarita, and began the process of planning Rancho Sahuarita. This lead to a detailed development plan, which was the comprehensive guiding vision for what is now Rancho Sahuarita’s 5,100 homes, and expected to become 11,000 homes when complete.

For more information contact Ted Herman at (520) 299-8766. Dan Feig can be reached at (520) 747-4000. Bob Martin, VP Finance at Richmond American is at (720) 977-3431. Richmond American sales office can be contacted at (520) 594-6180.

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Complete Landscaping of Tucson (Billy Gibson, President) bought a 3,866 sq. ft. building on 2.9 acres at 2474 N Flowing Wells Rd. for[mepr-show rules=”58038″]$425,000 ($110 per foot) from Blue Jacquar Property Investment, LLC (Ronald Smith and Kevin Rice, principals) also of Tucson.

The property was formerly occupied by the seller as Modern Recovery and Remarketing, LLC a repossession company specialized in the recovery of collateral including cars, trucks, RVs, trailers, 5th wheels, motorcycles, ATVs and boats. The seller has relocated Modern Recovery to 165 N Anita, at the northeast corner of Speedway and I-10 Frontage Road.

Complete Landscaping was established in 1986 as a family-owned and operated business offering a full service landscape company that provides lawn care, plant care, landscapes, hardscapes, tree care, pest control, grounds maintenance, irrigation installation and other services such as water conservation and audits. The company has relocated from 2900 N Country Club Rd., and has about 120 employees.

Ron Zimmerman of Newmark Grubb Knight Frank of Tucson represented the buyer. Fernando Acevedo of Keller Williams Southern Arizona of Tucson represented the seller in the transaction.

For additional information, contact Ron Zimmerman at (520) 248-0427 and Fernando Acevedo at (520) 615-8400. Modern Recovery and Remarketing can be reached at (520) 882-4599 and Complete Landscaping is at (520) 300-9335.

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Faith Community Church (Bruce Brock, pastor) sold 23.24 acres of undeveloped land at 2501 W Orange Grove, for[mepr-show rules=”58038″]$2.79 million ($2.75 per foot) to local developer, Alta Vista Communities OG, LLC, an affiliate of Alta Vista Communities, LLC, a joint venture of Karber Holdings (Roger Karber, principal and founder of Aerie Development), Iridus Holdings (G.F. Jaggi) and Brav Holding Company (Garry Brav, President and Founder of BFL Construction) all from Tucson. The developer, plans to build an unknown number of detached rental homes ranging in size from about 640 sq. ft to 1,250 sq. ft.

The Faith Community Eastside Church (Louise Brock, pastor) then bought for $1.45 million ($73 per foot) an industrial property at 8455 E Golf Links Rd. to relocate its eastside church from 2901 S Pantano Road to its new location west of the northwest corner of Pantano Parkway and Golf Links. Prior to the sale, the property was used for GC Brown Development headquarters and A-Family Discount Storage by the seller, all affiliate companies to The Garold C Brown Limited Partnership, (Garold Brown, president) a locally owned business.

The 19,742 sq. ft. property consists of a 4,752 SF single tenant office building (built 1997) and a 15,000 SF detached warehouse (built 2007) on 2.63 acres. The 15,000 sq. ft. steel building has foam insulated ceilings and walls, two roll-up doors 12′x 14′, skylights, 2 ADA bath facilities, electrical service single or triple phase, 200-600 Amps, and a sprinkler system with alarm monitoring. The property has changed its address and is undergoing tax code revisions with the City of Tucson since it sold due to its change in tax status to a religious facility.

Ron Zimmerman of Newmark Grubb Knight Frank of Tucson represented Faith Community Church, Faith Community Eastside Church and Garold C Brown Limited Partnership.

Louise Brock of Faith Community Eastside Church can be contacted at (520) 721-5017. Pastor Bruce Brock can be reached at (520) 575-0094. For more details get in touch with Ron Zimmerman at (520) 248-0427 and Roger Karber at (520) 977-5456.

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