TUCSON, ARIZONA – The multifamily team at Cushman & Wakefield | PICOR have closed on $36.43 million total sales in five transactions with an aggregate of 136 units.
The Greens LLC purchased Laurence Court Apartments, a 20,401 square-foot investment property at 3730 N. Oracle Rd. The 45-unit apartment property was purchased from Laurence Court LLC for $3,800,000 ($84,444 per unit). Allan Mendelsberg, Principal, and Conrad Joey Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction. Closed 8/11/2022
Colonia Properties TIC II, LLC purchased The Hacienda Motel, an 18,200-square-foot, multifamily property located at 1742 N. Oracle Rd. in Tucson. The 51-unit facility was purchased from Oasis Living, LLC for $2,850,000 ($55,882 per unit). Allan Mendelsberg, Principal, and Conrad Joey Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction. Closed 7/28/2022. Property last sold in 2006 for $1,300,000.
ZFI, LLC purchased The Casitas on Country Club, 10,823-square-foot investment property located at 1340-1390 N. Country Club Rd. in Tucson. The 24-unit apartment property was purchased from Casitas On Country Club, LLC for $2,720,000 ($113,333 per unit). Allan Mendelsberg, Principal, and Conrad Joey Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction. Closed 8/24/2022. Property last sold in 2021 for $1,785,000.
DeLo 4th St LLC purchased 4th St. Corner, a 6,031 square-foot multifamily investment property at 638-644 E. 4th St. in Tucson. The 10-unit apartment property was purchased from Gecko University, LLC for $1,650,000 ($165,000 per unit). Allan Mendelsberg, Principal, and Conrad Joey Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction. Closed 7/15/2022. Property last sold in May, 2021 for $1,100,000.
Geronimo Apartments Partners, LLC purchased 4,248 square feet of multifamily space located at 2432-2442 N. Geronimo Ave. in Tucson. Geronimo Triplexes, a 6-unit facility was purchased from 2432 N Geronimo, LLC for $925,000 ($154,166 per unit). Allan Mendelsberg, Principal, and Conrad Joey Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction. Closed 7/29/2022. Property last sold in December 2020 for $415,000.
For more information, Mendelsbreg can be reached at 520.546.2721 and Martinez is at 520.546.2730.
To learn more see RED Comp #10111, #10077, #10141, #10039, #10085.
PHOTOS: Laurence Court Apartments and The Casitas on Country Club shown.