SOUTH TUCSON, ARIZONA – The South Sixth Plaza at 2410-242 South 6th Avenue in South Tucson sold for $1.313 million ($58 PSF) in a 1031 exchange for a Pennsylvania investor. The property was 75% occupied at time of sale with five tenants: Family Dollar, Cash Time Loan Centers, Metro PCS, USPS and Montanos Fashion.
The 22,000-square-foot retail center was built in 1971 on 1.05 acres. Spaces available for lease at time of sale included a 3,900-square-foot and a 1,900-square-foot space. The buyer has a company from Sierra Vista handling the leasing.
Robert Nolan with Oxford Realty Advisors represented the Californian seller, South Sixth Shopping Center, LLC of San Diego. Wednesday Enriquez with Keller Williams in Goodyear and Eric Cornwell with Keller Williams in Doylestown, PA.
For more information, Nolan should be reached at 520.232.0200, Enriquez is at 623.882.8000 and Cornwell is at 215.340.5700 x230.
To learn more, see RED Comp #7264.