ORO VALLEY, ARIZONA (May 2, 2025) – MFG SPEC 1, LLC, a Phoenix-based CRE investment firm managed by William Finch, has acquired the former Bank of America branch at 12132 N Rancho Vistoso Blvd in Oro Valley, Arizona. The purchase price was $650,000 ($145 PSF), and the transaction closed on April 23, 2025. Bank of America was the seller.
The property consists of a 4,533-square-foot freestanding retail building on a 0.86-acre lot. Originally constructed in 2001, the building includes a drive-thru lane, 27 parking spaces, and is zoned C-1, allowing for a variety of commercial uses. It is located within the Safeway-anchored Vistoso Plaza shopping center, a high-traffic retail corridor in north Oro Valley.
The former bank branch was sold "as-is" in a modified sales bid process and marketed as a redevelopment opportunity suitable for reuse or repositioning.
Regan G. Amato and Ryan Tanner of Jones Lang LaSalle (JLL), who represented the seller, brokered the sale. The buyer is a licensed real estate agent with AT Real Estate in Phoenix.
This acquisition underscores continued investor interest in adaptable, well-located commercial properties across the greater Tucson market.
For more information, Amato can be reached at 602.282.6322, and Tanner is at 602.282.6323. Finch can be contacted at 602.432.4336.
Reference: RED Comp #11874.