The newly constructed office building at 7165 N Pima Canyon Drive at the Skyline Esplanade in Tucson sold to a private investor, Double Z Pima Canyon, LLC (Manuel Echavarria) of Tucson for $2.088 million ($192 PSF) in gray shell condition.
The recently completed 10,900-square-foot office building sold as an investment, and is located at the northwest corner of Skyline Drive and Pima Canyon Road. It is the last remaining building to be sold by the developer, The DESCO Group, Inc. at Skyline Esplanade Centre Phase II.
“The buyer has confidence in the location of the building,” James Hardman of The DESCO Group Southwest told us.” “With tenants such JP Morgan, UBS, BMO Harris, Wells Fargo Advisors, Sotheby’s, H&R Block, Ameriprise Financial and CBIZ in this prestigious foothills complex with its dramatic architecture and city and beautiful, scenic mountain views makes Skyline Esplanade an ideal location for any high-end professional user.”
There are also several high-end retail projects located nearby, including the luxurious La Encantada Shopping Village, offering upscale retail and entertainment. The property has easy access to all of Tucson’s business and retail sub-markets.
The building is also parked for as much as 100% medical use, offering flexibility of tenants in this premium location.
James Hardman and Michael Sarabia of The DESCO Group in Tucson have also been retained by the new owner to lease the property.
Hardman and Sarabia can be reached at 520.297.8929 for more information.
To learn more, see RED Comp #3575.