South Tucson’s Valencia Mercado Sells for $10.8 Million

TUCSON, ARIZONA (August 18, 2026) — Valencia Mercado, a neighborhood shopping center at the northwest corner of South 12th Avenue and West Valencia Road, sold for $10.8 million in a transaction that closed July 30.

Fiesta Plaza AZ Owner LP acquired the 57,062-square-foot retail property from Southside Plaza LLC and Dahlstrom Valencia Mercado LLC. The sale equates to approximately $189.27 per square foot.

The property encompasses approximately 4.61 acres and includes five buildings at 418-454 W. Valencia Road and 6445 S. 12th Avenue. Built in 1980, the center is located in Tucson’s southside retail corridor.

Terry Dahlstrom, a principal, and Andreas Castillo of VOLK Company represented the seller in the transaction.

For more information, VOLK Company can be reached at 520.326.3200, while Castillo’s direct number is 520.495.3220.

The buyer is associated with MPB Realty Services Inc. of Phoenix.

Valencia Mercado has been an active neighborhood retail center serving the surrounding residential areas along Valencia Road and South 12th Avenue.

Source: RED Comp #12641