TUCSON, ARIZONA — Office sales of smaller office buildings has been active lately, with market vacancies at a seven year low in Tucson. There has been $17.3.6 million in sales volume this quarter with $400,000 the median sale price and 3,538-square-feet the median building square-footage.

William and Susan Daugherty purchased a 1,900-square-foot office building in the Central Submarket, located at 7479 E. Tanque Verde Rd. in Tucson, from Albatross Enterprise, LLC for $475,000 ($250 PF).   The building in Tanque Verde Place was built in 2007 and was leased to Title Security Agency of Arizona when it sold.  Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Tony Reed and Chris Itule with Long Realty Company represented the buyer.

Esquera Development, LLC purchased a 2,400-square-foot office building, located at 810 E. Fort Lowell Rd. in Tucson in the Central Submarket, from Jimmy Dale Pyland for $315,000 ($131.25 PSF). Built in 1961 the property is adjacent to Arizona Tile, also owned by the buyer. Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Rob Glaser, SIOR, CCIM, with Cushman & Wakefield | PICOR and Joshua Brown with Jackson & Cooksey, Dallas, TX, represented the buyer.

Tuczona 2, LLC purchased the 2,500-square-feet free-standing office building in the Eastern Submarket, located at 6475-6479 E. 22nd Street in Tucson. Michelle Minkus of Home Smart represented the buyer.  Bruce Suppes of CBRE represented the seller, The Family Trust, in the transaction. The purchase price was $200,000 ($80 PSF).

EAZ-BAKARETH LLC purchased a 2,159-square-foot freestanding former medical building in the Central Submarket, located at 3925 N 1^st Avenue in Tucson from Loren Cipolla and Marie Mendoza-Cipollo. The purchase price was $180,000 ($83 PSF) that included a second lot for expansion. The building was built in 1973 and was vacant at time of sale. The buyer purchased it for redevelopment as an assisted living home. Roy Drachman with Roy Drachman Realty Company of Tucson represented the seller and Tayyeb Ahmad with OZ Realty in Phoenix represented the buyer.

To learn more, see RED Comps # 4886, #4925, #4926 and #4927.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from December 19 thru 30, 2016.

INDUSTRIAL – 2850 E. DREXEL RD., TUCSON
The Chamberlain Group, Inc. leased 300,181-square-feet of industrial space, located on 21.76 acres of land, from EastGroup Properties, LP.  EastGroup Properties, as owner/developer, will construct a ground-up, build-to-suit distribution facility located at 2850 E. Drexel Rd. in Tucson for The Chamberlain Group.  Delivery is anticipated towards the close of 2017.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Allen Rogoway with Cresa Chicago and Mike Gordon with Cresa Phoenix represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.792.0511[/mepr-show]

INDUSTRIAL – 6020 S. COUNTRY CLUB RD., TUCSON
The Chamberlain Group, Inc. renewed their lease with EastGroup Properties, LP for 45,000-square-feet of industrial space located at 6020 S. Country Club Rd. in Tucson. Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Allen Rogoway with Cresa Chicago and Mike Gordon with Cresa Phoenix represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.792.0511[/mepr-show]

GROUND LEASE – 3881 N. HIGHWAY DR., TUCSON
The Fishel Company renewed their lease for 37,500-square-feet at 3881 N. Highway Dr. in Tucson, from JH Associates, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $1742.40 /AC /MO; Tenant  Phone: 520.514.6709[/mepr-show]

RETAIL – 5150 N. CASA GRANDE HIGHWAY, TUCSON
Best In The West Golf Cars, LLC leased 5,760-square-feet of retail space at 5150  N. Casa Grande Highway in Tucson, from Tin Cup Properties, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.730.6378[/mepr-show]

INDUSTRIAL – 3860 S. PALO VERDE RD., TUCSON
Caretakers Building Maintenance leased 5,400-square-feet in Palo Verde Industrial Center, 3860 S. Palo Verde Rd., Suite 308 in Tucson, from Palo Verde Trust Partners, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.   Wayne Kuykendall with Frauenshuh Commercial Real Estate in Minneapolis, MN, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.63 SF/MO Modified Gross; Tenant Phone: 520.305.4829[/mepr-show]

OFFICE – 6440 E. BROADWAY BLVD., TUCSON
Jade Star Acupuncture leased 4,700-square-feet of office space at 6440 E. Broadway Blvd. in Tucson, from Carbas Properties. Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Chris Tsighis and Daniel Yang with Coldwell Banker Residential Brokerage, represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.881.0827[/mepr-show]

RETAIL – 4881 N. STONE AVE., TUCSON
646 Fitness, LLC, dba Crossfit 646, eased approximately 4,132-square-feet of space at 4881 North Stone Avenue. The space is located within Northmall Centre, which is at the southwest corner of Stone Avenue and River Road. The landlord is Brixmor Holdings 1 SPE, LLC. Jeramy Price of Volk Company represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.612.7056[/mepr-show]

OFFICE – 5307 E. BROADWAY BLVD., TUCSON
K12 Management, Inc. leased 3,750-square-feet of office space in Broadway Plaza, 5307 E. Broadway Blvd., Suite 5307 in Tucson, from Transamerica United Group, LLC.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord and Keith Lammersen with Jones Lang LaSalle Americas, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $15.50 SF/YR Modified Gross; Tenant Phone: 877.784.1664[/mepr-show]

INDUSTRIAL – 1100 E. AJO WAY, TUCSON
H.O.P.E. Group, LLC leased 3,047-square-feet in the Ajo/Evans Business Park, 1100 E. Ajo Way, Suite 201 in Tucson, from Ajo/Evans Business Park, LLC. Pat Welchert, SIOR, and Jeff Zellet with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Doug Richardson, with Tucson Realty and Trust, Co., represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $0.56 SF/MO NNN[/mepr-show]

INDUSTRIAL – 18221 W. DAIRY PL., TUCSON
Katalyst Restaurant Concepts, LLC leased 2,750-square-feet at 1821 W. Dairy Pl., in Tucson from Walker Industrial Properties, LLC.  Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.780.0280[/mepr-show]

RETAIL – 1401 W. VALENCIA RD., TUCSON
MPG Automotive Services Valencia, LLC and Gallo Transmission & Auto Care, LLC leased 2,650-square-feet at 1401 W. Valencia Rd., Suite 151in Tucson, from Valencia Auto Center, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 215 W. GIACONDA WAY., TUCSON
AAM, LLC leased 2,417-square-feet of office space at 215 W. Giaconda Way, Suite 161 in Tucson, from Giaconda 205 Partners, LLC.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord and Janine Irvin with Mark Irvin Commercial Real Estate Services, represented the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.219.7200[/mepr-show]

RETAIL – 4519 E. 22^nd ST., TUCSON
SJH Powersports, LLC, dba Cycles, Skis & ATVs, leased 2,400-square-feet at 4519 E. 22^nd St. in Tucson, from RRN, Inc.  Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.747.8339[/mepr-show]

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Madaras Gallery leased 2,400-square-feet in Midway Business Park, 4500 E. Speedway, Suites 66-67 in Tucson, from Presson Midway, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Janine Irvin, with Mark Irvin Commercial Real Estate Services, represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $0.76 – $0.80 SF/MO Modified Gross; Tenant Phone: 520.615.3001[/mepr-show]

OFFICE – 3360 S. PALO VERDE RD., TUCSON
Eazy Breezy Heating & Cooling leased 2,349-square-feet at 3360 S. Palo Verde Rd. in Tucson, from 44PV, LLC.  Jeff Zellet, Commercial Specialist, with Cushman & Wakefield | PICOR, represented the tenant in this transaction.  Nic Chavira and Tom Hunt with Tango Commercial Real Estate, LLC, represented the landlord. [mepr-show rules=”58038″]Tenant Phone: 520.207.0334[/mepr-show]

OFFICE – 1171 E. RANCHO VISTOSO BLVD., TUCSON
Golder Ranch Fire District has leased 1,891-square-feet at 1171 E. Rancho Vistoso Blvd., Suite 103, in the Mountain View Plaza, from Mountain Vista Plaza, LLC.  Greg Boccardo of Boccardo Realty represented the Tenant and Andrew D. Sternberg and Robert J. Nolan of Oxford Realty Advisors represented the Landlord in the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.825.9001[/mepr-show]

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
HNM Distributions, Inc. leased 1,600-square-feet in Midway Business Park, 4500 E. Speedway, Suite 8 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″]Asking lease rate: $0.76 – $0.80 SF/MO Modified Gross; Tenant Phone: 520.790.1900[/mepr-show]

INDUSTRIAL – 3534 – 3538 N. ROMERO RD., TUCSON
Redbox Automated Retail, LLC renewed their lease for 1,500-square-feet at 3534–3538 N. Romero Rd., Suite 124 in Tucson, from Costa Verde Investments, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.65 SF/MO Modified Gross[/mepr-show]

RETAIL – 31 N. 6^th AVE., TUCSON
Merry’s Desert Business Solutions, LLC, dba The UPS Store, leased 1,200-square-feet of retail space in the historic Arizona Hotel, 31 N. 6^th Ave., from Dabdoub Investments, LLC. Downtown Tucson’s only UPS Store will be located directly across the street from the Ronstadt Transit Center redevelopment. This location is projected to handle existing packing and shipping needs from downtown businesses, as well as the rapidly growing residential population in the area. The UPS Store will also handle a wide variety of printing requirements, including large scale projects. Rob Tomlinson, Retail Specialist, with Cushman & Wakefield | PICOR, represented the tenant in this transaction.

INDUSTRIAL – 245 S. PLUMER AVE., TUCSON
Claudia Mendoza McDowell and Nicolasa Kammerer leased 1,200-square-feet in Commerce Industrial Plaza, 245 S. Plumer Ave., Suite 4 in Tucson, from Plumer Partners, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Paul J. Rosado represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $0.65.SF/MO Modified Gross[/mepr-show]

INDUSTRIAL – 245 S. PLUMER AVE., TUCSON
CopperZap, LLC leased 1,200-square-feet in Commerce Industrial Plaza, 245 S. Plumer Ave., Suite 8 in Tucson, from Plumer Partners, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate:  $0.65.SF/MO Modified Gross; Tenant Phone: 520.512.5474[/mepr-show]

INDUSTRIAL – 3720 S. PARK AVE., TUCSON
Miracle Honeybee Company renewed their lease for 1,170-square-feet at 3720 S. Park Ave., Suite 605 in Tucson, from William Lee, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.883.4026[/mepr-show]

RETAIL – VALENCIA MARKETPLACE SHOPS, TUCSON
Sabio Enterprises #1, LLC, dba Pizza Patron, leased 1,100-square-feet at Valencia Marketplace Shops. Valencia Marketplace Shops are at the southwest corner of Valencia and Indian Agency Road, adjacent to a brand new 100,000 square foot Fry’s grocery store. This is the first new Fry’s store to open in Tucson in almost ten years. Pizza Patron joins Nationwide Vision, Lee Nails & Spa, and Great Clips at this project. A 2,500-square-feet end-cap space with a patio is still available! Chris Itule of Long Realty represented the Tenant. Kevin Volk and Brenna Lacey of Volk Company represented the landlord, Steamroller LLC. [mepr-show rules=”58038″]Tenant Phone: 972.613.8000 (Pizza Patron Corporate)[/mepr-show]

OFFICE – 4560 E. BROADWAY BLVD., TUCSON
Arizona Life Financial Group, LLC leased 298-square-feet of office space in Midstar Plaza, 4560 E. Broadway Blvd., Suite 215 in Tucson, from Midstar Partners, LLC. Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 4560 E. BROADWAY BLVD., TUCSON
Martha Figueroa Penunuri leased 214-square-feet of office space in Midstar Plaza, 4560 E. Broadway Blvd., Suite 212 in Tucson, from Midstar Partners, LLC. Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 4560 E. BROADWAY BLVD., TUCSON
Erudite Financial Group, PC leased 142-square-feet of office space in Midstar Plaza, 4560 E. Broadway Blvd., Suite 207 in Tucson, from Midstar Partners, LLC. Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

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The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from October 31 thru November 4, 2016.

OFFICE – 5055 E BROADWAY BLVD., TUCSON
Community Partners leased 7,934-square-feet of office space at New World Plaza, 5055 E. Broadway Blvd. CBRE’s David Montijo and Damian Wilkinson represented the landlord. David Volk also with CBRE represented the tenant.

OFFICE – 555 E RIVER RD., TUCSON
Engineering and Environmental Consultants leased 7,477-square-feet of office space at 555 E. River Road. Bruce Suppes and Dave Volk with CBRE represented the landlord. Tom Nieman with Cushman & Wakefield | PICOR represented the tenant.

OFFICE – 3025 W. INA RD., TUCSON
National Mentor Healthcare, LLC has leased 4,803-square-feet at 3025 W. Ina Road, in the Ina Corporate Park from 3025 W Ina, LLC.  Ruth Krier of Mohr Partners, Inc. in Dallas, TX represented the Tenant and Andrew D. Sternberg and Douglas E. Marsh of Oxford Realty Advisors represented the Landlord in the transaction.

RETAIL – 3525 N. CAMPBELL AVE., TUCSON
Fit For Life Personal Training leased 4,540-square-feet of retail space at 3525 N. Campbell Ave. in Tucson, from Loma Catalina Company, LLC.  Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $15.00 SF/YR NNN[/mepr-show]

RETAIL – 8800 E TANQUE VERDE, TUCSON
Eat Drink Jackson leased 4,406-square-feet of retail space for a new restaurant at The Shoppes at Bears Path, located at 8800 E. Tanque Verde. Michael Laatsch with CBRE represented the tenant. The landlord was represented by Dave Dutson with NAI Horizon.

OFFICE – 1664 S RESEARCH LOOP, TUCSON
Blackrock Brewers leased 3,760-square-feet of space at 1664 S. Research Loop. Pete Villaescusa and Jesse Peron with CBRE represented the tenant. Rob Glaser and Sarah Rushing with Cushman & Wakefield | PICOR represented the landlord.

INDUSTRIAL – 6902 N. CAMINO MARTIN, MARANA
Casitas A Footwear Company, Inc. leased 3,000-square-feet in Old West Business Park, located at 6902 N. Camino Martin, Suite 120 in Marana, AZ., from Acorn Ventures, LLC.  Casitas specializes in the importation and distribution of European footwear brands (mainly from Spain and the Mediterranean) to independent shoe stores, full service department stores and experience-driven e-commerce sites.  Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord.  The team of Kelly Fickle, Russell W. Hall, SIOR, GSCS, and Stephen D. Cohen, Industrial Specialists with Cushman & Wakefield | PICOR, represented the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.572.4005[/mepr-show]

OFFICE – 4600 PARK AVE., TUCSON
St. Joseph’s Hospital leased a 2,498-square-feet medical clinic at 4600 Park Avenue. David Montijo and Damian Wilkinson represented the tenant. Isaac Figueroa and Rob Glaser with Cushman & Wakefield | PICOR with represented the landlord.

OFFICE – 2830 N SWAN RD., TUCSON
Skyline Financial Corp. leased 2,280-square-feet of office space at 2830 N. Swan Road. Jeff Casper with CBRE represented the landlord. The tenant was represented by Doug Marsh with Oxford Realty, and Taylor Wood with Cresa.

OFFICE – 7787 E BROADWAY BLVD., TUCSON
Goldberg and Osborne has leased 1,231-square-feet at Broadway Plaza, 7787 E. Broadway Blvd. Pete Villaescusa and Jesse Peron with CBRE represented the tenant. Kevin Heglin with Phillips Edison represented the landlord.

RETAIL – MARANA MARKETPLACE, MARANA
Smoothie King leased 1,200 sq. ft. of retail space at Marana Marketplace. This will be their first store in the market. Michael Laatsch with CBRE represented the tenant and Chad Russell with Land Advisors Organization represented the Landlord.

RETAIL – 4700 E. SUNRISE DR., TUCSON
Supercuts, Inc., which occupies 1,123-square-feet at Sunrise Village Shopping Center renewed their lease. Sunrise Village is located at the southeast corner of Sunrise and Swan and is anchored by Safeway and CVS. John Yarborough of Romano Real Estate represented the tenant. David Hammack of Volk Company represented the landlord, Sunrise Village Investors, LLC,.

OFFICE – 5920 E. PIMA ST., TUCSON
West Rim Financial, Inc., dba First Command Financial Planning, leased 723-square-feet of office space at 5920 E. Pima St., Suite 130 in Tucson, from 5930 E. Pima, Inc.  Jeff Zellet and Pat Welchert, SIOR, with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Chris Itule and Roger Breckenridge with Long Realty Company, represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $14.00 -$16.00 SF/YR Modified Gross[/mepr-show]

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