Rio West Trades into Los Altos Office Park

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TUCSON, ARIZONA – Los Altos Office Park at 6595 N Oracle Road in Tucson sold for $887,5000 ($73 PSF) to Rio Equity Group, an affiliate of Rio West Development (Walter Hoge, manager). The buyer was in a 1031 exchange.

The 12,000-square-foot building was built in 1985 and sits on 1.46 acres, with space for six tenants. Two of the spaces were vacant at time of sale for a total of 4,709-square-feet.

The seller, a private investor, JSN LLC of San Diego was represented by Ian Stuart, Bruce Suppes and Sam Sufi of CBRE in Tucson.

The buyer, a local developer, was self-represented in the transaction and has retained CBRE as leasing agents for the property.

For additional information, Stuart should be reached at 520.323.5180, Suppes should be contacted at 520.323.5155 and Sufi is at 520.254.0458 ext. 781.

To learn more, see RED Comp #7646.

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