Tucson, Arizona – The ground floor retail space of Sam Hughes Place at the Corner sold recently at auction for $2.575 million ($160 PSF) to a Las Vegas investor, B33 Sam Hughes Place, LLC (Jahan Moslehi, manager).
The sale was for the ground floor exclusively at 446 N Campbell Avenue and did not include the upper level residential condominiums.
Located at the southeast corner of 6th Street and Campbell Avenue, near the football, baseball and basketball arenas for the University of Arizona Wildcats, the Class-A building was built in 2005 with a multi-tenant design and sold with three tenants in the retail ground floor portion that was 52.7% occupied at time of sale.
Tenants included Pistacchio Ice Cream Parlor, Grimaldi’s Pizzeria, and Spa Solai in the 16,076-square-feet of retail.
Michael Hackett and Ryan Schubert of Cushman & Wakefield of Phoenix with Tristan Tams of Ten-X represented the seller, CWCapital Asset Management of Bethesda, MD in the auction on March 29, 2017.
For additional information, Hackett can be reached at 602.224.4449, Schubert is at 602.224.4472 and Tams can be contacted at 949.855.7497.
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