Tucson commercial leases submitted for the week October 14-18, 2013:

OFFICE – 8500 N ORACLE ROAD, ORO VALLEY

Title Security leased 5,000 square feet at 8500 N Oracle Road in Oro Valley to join the Long Realty office in this newly constructed class-A office complex. Roger Breckenridge with Long Realty of Tucson handled the transaction for landlord and tenant.  [ismember] Asking lease rate starts at $14.50/ SF NNN)[/ismember]

RETAIL – 3244 E. SPEEDWAY BLVD., TUCSON

Unscrewed Theater has leased 4,384 square feet at 3244 East Speedway Boulevard, which is located within Encanto Plaza. The tenant plans to use the space as a venue for comedy performances, as well as a comedy school and workshop. Debbie Heslop, CCIM of Volk Company Commercial Real Estate represented the landlord, SMDSK Encanto, LLC, and Rob Tomlinson of Cushman & Wakefield | PICOR represented the tenant.   [ismember]Asking Lease rate $6.00 sq. ft. yr. (NNN)[/ismember]

RETAIL – 3996 W. INA RD., TUCSON

R&S Mattress Tucson, LLC leased 4,000 square feet of retail space at 3996 W. Ina Road in Tucson from SAM Seventh, LLC. Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR represented the tenant in this transaction.  [ismember]Asking Lease rates $16.40 – $18.00 sq. ft. (NNN estimated at $4.25 sq. ft.) [/ismember]

MEDICAL OFFICE – 1925 W. ORANGE GROVE RD., TUCSON 

AZ Pain Centers of Tucson leased 3,342 square feet at 1925 W. Orange Grove, Suite 107 in Tucson from Healthcare Realty Services Inc. Tom Nieman, Principal and Office Specialist, with Cushman & Wakefield | PICOR, represented the landlord and Tom Knox, SIOR, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction. [ismember]Asking Lease rate $18.50 / sq. ft. yr. [/ismember]

INDUSTRIAL – 3534 – 3538 N. ROMERO, TUCSON 

Metro Fire Equipment, Inc. leased 1,500 square feet at 3534 – 3538 N. Romero Road, Suite 190, in Tucson from Costa Verde Investments, LLC. Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  [ismember] Asking Lease rate $7.80 sq. ft. yr. [/ismember]

RETAIL – 3040 W. VALENCIA RD., TUCSON

Shannon Burke Insurance Agency, LLC has leased 1,250 square feet at 3040 West Valencia Road, which is located within Manzanita Plaza. She plans to open an Allstate Insurance office in the space. Manzanita Plaza is located at the northwest corner of Valencia and Cardinal and is anchored by Safeway, Family Dollar, Aaron Rents, and Desert Sports and Fitness Express. David Hammack and Rick Borane of Volk Company Commercial Real Estate represented the landlord, Community Centers of America – Glendale, LLC, in the transaction.  [ismember] Asking Lease rate $16.00 sq. ft. yr. (NNN charges estimated at $3.80/sq. ft.) [/ismember]

RETAIL – 2112 W. GRANT RD., TUCSON

General Nutrition Corporation has signed a lease for 900 square feet at 2112 West Grant Road. The space is located within Silverbell Plaza at the northeast corner of Grant and Silverbell. The shopping center is anchored by Safeway and Walgreens.  David Hammack of Volk Company Commercial Real Estate represented the landlord, Massapequa Associates LLC.  [ismember] Asking Lease rate $20.00 sq. ft. (NNN charges estimated at $5.50/ sq. ft.) [/ismember]

Please submit your sales and leases to REDailyNews@outlook.com

These five owner/ user retail sales in Tucson, listed by submarket, have a combined total of $1.6 Million. Only one was a distress sale. All represent business owners who decided it time to take the leap into property ownership.

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[mepr-show rules=”58038″] NORTHEAST SUBMARKET
L & L Pool Services of Tucson (Lonnie Lominac) purchased a 2,400 square foot retail building on a 13,000 square foot lot at 2900 N. Country Club Road in Tucson from Complete Landscaping, Inc. of  Tucson (Billy Gibson) for $425,000 ($177 PSF). The property is zoned C-1 and previously occupied by seller for a landscaping business, complete with fenced yard. This move represents a substantial expansion, and consolidation for L & L Pools. Russell W. Hall, SIOR, GSCS and Stephen D. Cohen Principals and Industrial Specialists with Cushman & Wakefield | PICOR of Tucson, represented the buyer in this transaction while Fernando Acevedo with KW Commercial of Tucson represented the seller.

Old Pueblo Industrial Products, LLC of Tucson (Amanda Tobak) acquired Industrial Chemical of Arizona of Tucson (Leslie Smith) business and real estate at 5302 E Pima Street in Tucson. The 3,360 square foot building at 5302 E Pima was purchased for $220,000 ($65 PSF) and the business purchased separately. Industrial Chemical of Arizona is a cleaning supplies specialist, focusing on the maintenance and restoration of carpets, natural tile, concrete, wood, clay and brick for the kitchen, restroom and showroom. The business has been selling cleaning products in Tucson, Arizona for over 36 years, since 1977. They provide products of over 200 vendors. The financing was handled by SBA.

EAST SUBMARKET

Pyramid Glass, LLC of Tucson (Eugene Zavala), a newly formed business, purchased 6,185 square feet at 2011 S. Alvernon Way in Tucson from Vantage West Credit Union for $162,000 ($26 PSF) in an REO sale. Brandon Rodgers, CCIM, and Aaron LaPrise, Commercial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

Ker Haus, Inc. of Tucson (John Stanek, President) dba Mercedes-Benz Repair by Benztek Automotive, purchased the property that it was occupying as a tenant at 4610 East 1st Street in Tucson for $275,000 ($68 PSF). The 4,020 square foot concrete block building (built 1986) on a 16,800 square foot fenced lot was sold by Malco Enterprises of Las Vegas, NV (John Mallo, President).

Bucking Bronco, LLC of Tucson (Al and Bonnie Bianco) purchased the 7,916 square foot retail building known as “Al’s Ace Hardware” at 4010 E 29th Street in Tucson for $554,120 ($70 PSF). Built in 1986, the property was previously leased by the buyer. The seller was JAB 29th Street Corporation as successor in interest to J.A.B. Corporation of Tucson (Gary Fletcher, President). Al’s Ace Hardware is locally owned and operated since 1988.

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2900 N Country Club: sale date 8/16/2013. Down payment was $28,800., Zoned C-1, Tucson.
5302 E Pima St: Sale date 7/2/2013. Down payment was $15,400. Zoned C-1, Tucson
2011 S Alvernon Way: ale date 8/29/2013. Down payment was $8,000. Zoning C-2(AE), Tucson.
4610 E 1st Street: Sale date: 8/9/2013. Down payment was $98,250. Zoned C-2, Tucson
4010 E 29th Street: Sale date: 7/31/2013. All cash deal. Zoned C-2, Tucson [/mepr-show]

Han University of Traditional Medicine (formerly the Asian Institute of Medical Studies) purchased the 9,199 sq. ft. retail building at 2856 E. Fort Lowell Road, Tucson, AZ 85716 for $900,000 ($98 PSF). Han University is a Tucson school of Traditional Chinese Medicine teaching Chinese acupuncture and herbal medicine, Japanese acupuncture, Five Element acupuncture, medical Qigong; and offering an extensive clinic internship.

The new location is a half block northwest of its current location at 3131 N Country Club, should be open on September 1, 2013. Fall classes and community clinic appointments will be in the new building come September.

Han University, founded in 2000 by Alex Holland, MAc, LAc, President and others, offers two master’s degree programs: the Master of Acupuncture (M.Ac.) and the Master of Acupuncture and Oriental Medicine (MAOM). The Master of Acupuncture Program is three years in length and the Master of Acupuncture and Oriental Medicine is three and a half years in length. Both programs meet the standards established by the Council of Colleges of Acupuncture and Oriental Medicine (CCAOM). Each program follows the core curriculum as outlined by the Accreditation Commission for Acupuncture and Oriental Medicine (ACAOM) and qualifies graduates for licensure in the State of Arizona and to sit for the NCCAOM National exam.

Its community clinic offers the ancient healing arts of acupuncture and Oriental medicine along with dietary and lifestyle counseling. Other modalities that may be utilized include tuina (massage techniques), external Qigong, herbs and liniments.

In addition, Han University offers a number of specialty clinics, including:

• Japanese Acupuncture: this style of acupuncture has blended traditional Japanese acupuncture with therapeutic techniques developed in Japan over the last few decades. This system is gentle yet highly effective and focuses primarily on musculoskeletal conditions.
• 5 Element Acupuncture: the 5 Element style tends to be concerned with the individual’s patterns of energy which lie deeper than their personality yet also help to shape it at every level of their physical, mental and emotional reality. It can be used for a wide variety of acute and chronic illnesses.
• Tuina Clinic: this branch of Traditional Chinese Medicine uses a hands-on method of treatment. It is the ancient Chinese art of massage. It also incorporates stretching and therapeutic stimulation of muscle tissue, tendons and joints to help balance vital Qi energy, relieve pain and incorporate better flexibility.

Aaron LaPrise, Retail Specialist with Cushman & Wakefield / Picor represented the seller, Donald and Karen Pierce. Tony Reed with Long Realty represented the buyer.

LaPrise can be reached at (520) 546-2770. Reed should be contacted at (520) 918-5189.  For more information on Han University call (520) 322-6330.