San Jose Plaza Net-Leased Office Condo Sells for $1.58 Million

TUCSON, ARIZONA – 10130 N Oracle Rd Suite 210 a net- leased property occupied by BASIS.ed sold for $1,576,000 ($303 PSF). The 5,200-square-foot condominium is five contiguous spaces build in 2009.

BASIS Charter School is a top rated, public, charter school located in Tucson. This is an administrative office for the school with 960 students in grades 5-12 and a student-teacher ratio of 14 to 1. According to state test scores, 88% of students are at least proficient in math and 84% in reading.

The first BASIS Charter School, BASIS Tucson, was founded in Tucson in 1998 by Michael Block and Olga Block, with the goal of educating students at an internationally competitive level.

Gary Heinfeld, CPA, CCIM of Advisors in Real Estate, Inc. and Chris Hollenbeck of Cushman & Wakefield represented the seller. Jack Stone with JMS Commercial Real Estate Services, LLC represented the buyer, an individual from Goodyear, Arizona.

The developer, CJR Investments (Christopher Heinfeld), has sold 12 of the 16 units at San Jose Plaza with this transaction.

For more information on this sale or other units available contact Gary Heinfeld CPA, CCIM at 520 591-2310.

To learn more, see RED Comp #8854.