Plaza Encantada Offices Sell to California Investors for $1.275 Million
TUCSON, ARIZONA – Plaza Encantada Office complex at 2802-2810 N Alvernon Way in Tucson sold for $1.275 million ($103 PSF) to a group of California investors, MBLA Tucson, LLC c/o MEI Real Estate Services of Los Angeles.
Plaza Encantada, the Enchanted Place, is full of southwestern charm. Located at the northeast corner of Alvernon & Glenn, it is a unique and exclusive office complex with 12,704 square feet, and 6 tenant spaces on 1.06 acres. Built in 1985, Plaza Encantada features a lush courtyard, French doors, skylights and covered parking.
The property was fully leased with such tenants as Life Cycles Arizona, Southwest Integrative Health, Tucson Homeopathy, Moss Meredith A PA, Pleasurebent Tours, Inc. and El Sol Consulting and Psychotherapy.
This is the first investment for the buyer in the Tucson market.
Mike Sandahl, Jeff Casper and Martin Encinas of CBRE in Tucson represented the seller, Ventana-Encantada in the transaction.
Chelsea Novelli with MEI of Los Angeles represented the investment group.
For more information, Sandahl should be contacted at 520.323.5115, Casper is at 520.323.5181 and Encinas can be reached at 520.323.5173. Novelli can also be contacted at 310.258.0444×119.
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