TUCSON, AZ (July 12, 2024) -- Cushman & Wakefield | PICOR’s experienced multifamily team, led by Allan Mendelsberg and Joey Martinez, successfully closed on the sale of Coronado Heights, a ten-unit apartment at 3035-3053 N Los Altos Ave. in Tucson for $1,050,000 / $105,000 per unit / $167.48 PSF.
Mendelsberg and Martinez represented the buyer and seller, both based in California.
Coronado Heights, a community in the central submarket of Tucson, is strategically located just 2.7 miles from the University of Arizona. It is situated west of Los Altos and Delano Street. Built in 1948, the property sits on a 36,000-square-foot lot and is sold as a value-add opportunity with some recent capital improvements, landscaped walkways, a private backyard, and additional storage units.
The unit mix consists of (9) two-bedroom/one-bath and (1) three-bedroom/one-bath units.
For more information, Mendelsberg can be reached at 520.546.2721, and Martinez is at 520.546.2730,
To learn more, see RED Comp #11382.