Southwest Appraisal Consecutively Completes and Closes Offices in Old Farm

60019 E Grant Rd, Tucson, AZ
6019 E Grant Rd, Tucson, AZ

Southwest Appraisal Associates (SAA) of Tucson (Steven Cole, MAI, principal) has completed construction on its new office building at 6019 E Grant Road in Tucson. Built on the last remaining lot in Old Farm Executive Park that was purchased in May 2014 by Steven Cole for $43,000 ($14 PSF) intended for construction of a new 2,100-square-foot office building. The Spanish Colonial style building is located adjacent to SAA’s former office at 6021-6023 E Grant Road.

SAA has been in business since 1982 providing real estate appraisal and consultation services to clients in Tucson and all other areas of Arizona, except Maricopa County. Assignments in all aspects of the real estate appraisal field have been completed by the firm. These include commercial, shopping centers, office buildings, airport properties, medical buildings, single-family and multi-family residential, restaurants, special purpose properties and vacant land.

The firm also specializes in absorption studies, feasibility studies, and marketability studies. SAA has completed multiple assignments for government agencies such as Arizona Department of Transportation, Pima County and the City of Tucson. This includes condemnation and right-of-way appraisals.

6021-6023 E Grant Rd, Tucson, AZ
6021-6023 E Grant Rd, Tucson, AZ

Venture West of Tucson was contractor for the new construction and completed the project in three months and one week to the day.

One week after SAA moved into its new building, it closed on its former office building at 6021-6023 E Grant Road for $312,000 ($128 PSF). The buyer, Vel Associates, LLC (Naren Velu, manager) will also be an owner user of the property as a software development firm.

Doug Marsh with Oxford Realty Advisors of Tucson represented the buyer, Vel Associates. Gary Best with Keller Williams Southern Arizona represented the seller and Steven Cole on the purchase of the lot at 6019 E Grant.

To learn more Best can be reached at 520.444.0799 and Marsh is at 520.232.0200. Cole at Southwest Appraisal Associates can be contacted at 520.327.0000.

For additional information, login to reference RED Comp #1950 and #2996.