Delectables Transitions into Catering-Only Sells Downtown 4th Avenue Building for $1.48 Million

533 N Forth Ave. Tucson, AZ

TUCSON, Arizona — Delectables Restaurant & Catering (Donna DiFiore, owner) sold 533 N. Fourth Ave. in downtown Tucson recently for $1.48 million ($310 PSF) ending a 44-year run downtown.

Difiore is transitioning the business into a catering-only business and paid $342,000 ($127 PSF) for the building at 427 E Limberlost Dr. for this purpose.

The Delectable business was bought by Difiore in 1982, and the building on 4th Ave in 1988.

The buyer is an investor from Scottsdale (Barrett Silver) who first approached Difiore in April with a tenant in tow, Bocos Tacos y Tequila that opened in the 4th Ave space this week, within about two weeks for remodeling, obtaining liquor license and COO.

John Ash with CBRE Tucson represented the investor in the transaction.

Carl Mickler and Colette Barajas of Centra Realty in Tucson represented Difiore in the sale and the purchase of the new building on Limberlost.

Mickler told us, Delectables occupied approximately 75% of the 4,778-square-foot building and leased space to four other tenants including Metropolis The Salon, Bare Wax & Massage Studio and the Flower Shoppe on 4th Avenue.

The Limberlost property was a former bistro and a wedding event venue complete with a commercial kitchen perfect for a catering business such as Delectables. The sellers were Vilasini and Anjali Suniti Bal who were self-represented in the transaction.

For more information, Mickler should be reached at 520.850.6345 or Barajas at 520.882.0767. Ash can be contacted at 520.323.5177.

To learn more, login and see RED Comps #5022 and #5032. To see more properties like these available, go to RED Listing Registry.

[mepr-show rules=”58038″]Sale date for both properties was 7/19/2017. Documents #2017-2000504 and #2017-2000569. Both were 1031 exchanges.[/mepr-show]




Ironwood Forest National Monument Adds 602 Acres of Sonoran Desert to Showcase

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Property secured for Ironwod Forest National Monument Expansion (Click to enlarge)

MARANA, AZ — Taking its name from one of the longest living trees in the Arizona desert, the 129,000-acre Ironwood Forest National Monument, a true Sonoran Desert showcase, is expanding. Arizona Land and Water Trust (Diana Freshwater, president) recently secured 602 additional acres for $963,000 ($1,599 per acre).

Keeping company with the ironwood trees are mesquite, Palo Verde, creosote and saguaro, blanketing the monument floor beneath rugged mountain ranges named Silver Bell, Waterman and Sawtooth. In between, desert valleys lay quietly to complete the setting. The newly secured property was surrounded on three sides by the national monument, with no other access.

Arizona Land and Water Trust works closely with local, state and federal agencies, as well as private landowners and land trusts, to protect Arizona’s vanishing landscapes and wildlife habitat. The Trust helps structure, negotiate, and complete land transactions that help protect natural areas such as this property.

Carl Mickler with Centra Realty of Tucson represented both buyer and seller, the Torrance Potter Family Trust, in the transaction. Located in northern Marana, west of Silverbell Road, the property has physical access to Ragged Top Road.

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Property secured for Ironwod Forest National Monument Expansion (Click to enlarge)

Elevations in the national monument range from 1,800 to more than 4,200 feet. Three areas within the monument, the Los Robles Archeological District, the Mission of Santa Ana del Chiquiburitac and the Cocoraque Butte Archeological District, are listed on the National Register of Historic Places.

Known for its primitive camping, hiking, mountain biking, wildlife and plant viewing, horseback riding, photography, sightseeing, wildflower viewing in spring, hunting, birdwatching, fossil and geologic sightseeing, historic and archaeological sites, Ragged Top Mountain is the biological and geological crown jewel of the national monument.

Several endangered and threatened species live here, including the Nichols turk’s head cactus and the long-nosed bat. The national monument also contains habitat for the cactus ferruginous pygmy owl. The desert bighorn sheep dwelling in the region are the last viable population indigenous to the Tucson basin. The area holds abundant rock art sites and other archaeological objects of scientific interest. Humans have inhabited the area for more than 5,000 years. More than 200 sites from the prehistoric Hohokam period (600 A.D. to 1440 A.D.) have been recorded in the area. In more modern times, the area was a source of minerals and continues to support active mining operations today.

For additional information, Mickler should be contacted at 520.882.0767.

To learn more, see RED Comp #4107.




Tucson Lease Report – January 5-9, 2015

Tucson Lease Report
Tucson Lease Report

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from January 5 thru 9, 2015.

INDUSTRIAL – 3825 and 3841 N. HIGHWAY DR., TUCSON, AZ.
Pro Box Portable Storage, LLC leased a 75,000-square-feet yard at 3825 and 3841 N. Highway Dr. in Tucson from J H Associates, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord, and Robert DeLaney with CBRE, represented the tenant in the transaction.[mepr-show rules=”58038″] Tenant Phone: 602.761.9425[/mepr-show]

RETAIL – 4690 N. ORACLE RD., TUCSON, AZ.
NCS Pearson, Inc. leased 25,000-square-feet, formerly occupied by American Home Furnishings, at 4690 N. Oracle in the Tucson Galleria.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord and Patrick Darcy with Tucson Realty & Trust Co., represented the tenant in this transaction.

INDUSTRIAL – 3765 E. 43rd PL., TUCSON, AZ.
Premier Van Lines International Inc. leased 6,600-square-feet at 3765 E. 43rd Pl. in Tucson from JDLH Investments, LLC.  Russell W. Hall, SIOR, GSCS and Stephen D. Cohen, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord and the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 480.641.9268[/mepr-show]

INDUSTRIAL – 506E. 25th ST., TUCSON, AZ.
Assurance Relocation Systems, LLC leased 4,000-square-feet at 506 E. 25th St. in Tucson from Rich Rodgers Investment, Inc.  Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord and Ryan McGregor with KW Commercial, represented the tenant in this transaction.[mepr-show rules=”58038″] Phone: 520.909.9537[/mepr-show]

RETAIL – 400 W. FRY BLVD., SIERRA VISTA, AZ.
ManTech International leased 3,240-square-feet at 400 W. Fry Blvd., Suites 12 and 13, in Sierra Vista from Mission Hill Management.  Russell W. Hall, SIOR, GSCS and Stephen D. Cohen, Industrial Specialists with Cushman & Wakefield | PICOR, and Malcolm Marshall with Cushman & Wakefield in Washington, D.C., represented the tenant in this transaction.

RETAIL – 901 – 935 W. PRINCE RD., TUCSON, AZ.
Signarama has leased a 2,660-square-foot space at Prince & Fairview Plaza, located on the SW corner of Prince & Fairview. The Premises will be used as a retail graphics, marketing and sign company and for the printing and production of signs, graphics and marketing materials. They are scheduled to open for business February 2015. Andy Seleznov, CCIM, Director of Leasing at Larsen Baker, represented the landlord.[mepr-show rules=”58038″] $6.00 – $8.00 SF/YR NNN[/mepr-show]

INDUSTRIAL – 5150 N. LA CHOLLA BLVD., TUCSON, AZ.
RISE Sport Performance Training renewed their lease for 2,560-square-feet at 5150 N. La Cholla Blvd. in Tucson from Sixteenth St., LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord and John Hamner with KW Commercial, represented the tenant in the transaction.

OFFICE – 333 N. WILMOT ROAD, TUCSON, AZ.
Carpenter Hazelwood Delgado & Bolen, PLC, leased approximately 2,534-square-feet of office space located at 333 N. Wilmot Road, Suite 180, Tucson, Arizona, from National Bank of Arizona. Michael Gross of Tucson Realty & Trust Co. represented the Landlord and David Volk of CBRE represented the Tenant in the transaction. [mepr-show rules=”58038″]Tenant Phone:   1-800-743-9324[/mepr-show]

RETAIL – 30 S. ARIZONA AVE., TUCSON, AZ.
The Independent Distillery leased 2,478-square-feet at 30 S. Arizona Ave., a part of the new Gibson Court in Tucson from Gibson Family, LLC.  Tom Knox, SIOR, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 3534 – 3583 N. ROMERO RD., TUCSON, AZ.
Hei-Tek Automation, LLC renewed their lease for 1,500-square-feet at 3534 – 3538 N. Romero Rd., Suite 130 in Tucson from Costa Verde Investments, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, handled the transaction. [mepr-show rules=”58038″] $0.65 SF/MO Modified Gross;  Phone: 602.269.7931[/mepr-show]

INDUSTRIAL – 3865 E. 34th ST., TUCSON, AZ.
Act Fast Delivery of Tucson, Inc. leased 1,376-square-feet at 3865 E. 34th St., Suite 106 in Tucson from A & P Investments.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.512.8690[/mepr-show]

OFFICE – 3021 E. SPEEDWAY, TUCSON, AZ.
Titan Auto Insurance of New Mexico, Inc. leased 1,365-square-feet at 3021 E. Speedway in Tucson from Mahoney Family, LLP.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 6303 E. TANQUE VERDE, TUCSON, AZ.
Southwest Contractor’s Supplies, Inc. leased approximately 1,347-square-feet of office space located at 6303 E. Tanque Verde, Suite 240, Tucson, Arizona, from Mark D. Brinton Family Trust. Michael Gross of Tucson Realty & Trust Co. represented the Landlord in the transaction. [mepr-show rules=”58038″]$14.00 SF/YR Full Service; Phone: 520.722.7959[/mepr-show]

RETAIL – 5827 N. ORACLE RD., TUCSON, AZ.
Déjà Vu Too Antiques and Collectibles, leased 1,320-square-feet in Placita del Norte Shopping Center at 5827 N. Oracle in Tucson from PDN Property, LP.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord, and Michael Lamonge with Realty Executives Tucson Elite, represented the tenant in this transaction.

INDUSTRIAL – 4500 E. SPEEDWAY, TUCSON, AZ.
Encourage Arizona, LLC leased 1,200-square-feet at 4500 E. Speedway, Suite 56 in Tucson from Presson Midway, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]$0.72 – $0.80 SF/MO Modified Gross; Phone: 520.622.1085[/mepr-show]

RETAIL – 4700 E. SUNRISE DR., TUCSON, AZ.
Sheppard Clean, Inc., dba Park Avenue Cleaners leased 1,200-square-feet at Sunrise Village Shopping Center. Sunrise Village is located at the southeast corner of Sunrise and Swan and is anchored by Safeway and CVS. Synthia King of Classic Commercial Real Estate Services, LLC represented the tenant. David Hammack of Volk Company represented the landlord, Sunrise Village Investors, LLC.

OFFICE – 2055 N. KOLB RD., TUCSON, AZ.
Shoshana Elkins leased approximately 1,068-square-feet of office space located at 2055 N. Kolb Road, Suite 121, Tucson, Arizona, from KRP, LLC. Tari Auletta, CCIM, and Doug Richardson of Tucson Realty & Trust Co. represented the Landlord in the transaction. [mepr-show rules=”58038″]$9.50 SF/YR Modified Gross[/mepr-show]

RETAIL – 14 S. ARIZONA AVE., TUCSON, AZ.
Council Street, LLC leased 924-square-feet at 14 S. Arizona Ave., a part of the new Gibson Court in Tucson from Gibson Family, LLC.  Council Street will open an upscale bar and lounge to be called High Wire. Tom Knox, SIOR, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 5930 E. PIMA ST., TUCSON, AZ.
ALTA Land Survey, Inc. leased 902-square-feet at 5930 E. Pima St., Suite 130 from 5930 E. Pima, Inc. Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord. Carl Mickler and Liane Wong with Centra Realty, represented the tenant in this transaction. [mepr-show rules=”58038″]$14.00 SF/YR Modified Gross[/mepr-show]

RETAIL – 110 S. CAMINO SECO RD., TUCSON, AZ.
Edward D. Jones & Co., leased 866-square-feet in the Walmart Neighborhood Market shopping center at 110 S. Camino Seco Rd. in Tucson from JMK Family Properties.  Greg Furrier, Aaron LaPrise, Rob Tomlinson and Jeff Zellet, Retail Specialists with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 2363 E. FRY BLVD., SIERRA VISTA, AZ.
Faithful Forever Christian Counseling has leased a 621-square-foot space at Cochise Plaza, located on the NE corner of Fry Blvd and Coronado Rd in Sierra Visa, Arizona. The Premises will be used as a counseling office and general office use. They are scheduled to open for business February 2015. Andy Seleznov, CCIM, Direstor of Leasing at Larsen Baker represented the landlord.

RETAIL – 9420 E. GOLF LINKS RD., TUCSON, AZ.
The Vapor Zone Smokeless leased 600-square-feet in the Safeway Shopping Center at 9420 E. Golf Links Rd. in Tucson from D and D Properties, LLC.  Greg Furrier and Jeff Zellet, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord and the tenant in this transaction.  [mepr-show rules=”58038″]$10.00 SF/YR Modified Gross[/mepr-show]

Submit all sales and leases to [email protected].

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