TUCSON, AZ – A 25,000-square-foot building located at 3662-3692 S. 16th Avenue, Tucson, AZ, at the northeast corner of I-19 and Ajo Way (aka AZ SR 86) has sold to California investor, CRE Strategic Investments, LLC.
The property was 100% occupied by DaVita Dialysis and Desert Sports and Fitness at the time of the sale. The sale price was $2.475 million ($99 PSF).
Craig Finfrock of Commercial Retail Advisors, LLC represented the seller, SAFCO Capital. The buyer represented itself in this transaction. Commercial Retail Advisors has four other buildings for sale in this shopping center.
Santa Cruz Plaza is anchored by Fry’s Food & Drug, Burlington Stores, Burlington Mattress, Boot Barn, Tucson Family Medical Clinic, and Wells Fargo Bank in addition to the two tenants included in the sale.
Commercial Retail Advisors, founded in 2001, specializes in the leasing and sales of shopping centers and retailer tenant representation throughout southern Arizona. For more information, please contact Craig Finfrock of Commercial Retail Advisors can be reached at 520.290.3200 or at www.cradvisorsllc.com.
To learn more, see RED Comp #6611.