Old Pueblo Community Services (OPCS) purchased a 10,200-square-foot group home facility at 3701 E 3^rd Street in Tucson from Rio Verde Ventures (Jeffrey Katz, manager)for $600,000 ($59 PSF). The property consists of six casitas (built 1947) and eight apartments (built 1958) for an aggregate of 14-units ($42,857 per unit) at the northeast corner of Third Street and Dodge Blvd.

Formerly occupied as Tucson Centers For Women, the properyty includes a secure walled campus with central courtyard, covered ramada, basketball court, playground, commercial kitchen and laundry room. A 1,300-square-foot SFR has been converted to an administrative and meeting room building prior to sale.

OPCS offers multi-resident housing facilities, providing a structured living environment enhanced by a well-balanced assortment of support services a process of change through which individuals can improve their health and wellness, live a self-directed life, and strive to reach their full potential

OPCS provides excellent supportive services,using evidence-based practices, through: transitional living programs, substance abuse counseling services, home ownership programs and veterans assistance programs.

OPCS welcomes men, women and families reentering the community from incarceration, military service or combat, hospitalization, treatment, and/or detoxification – people with a strong desire to change the course of their lives.

OPCS currently operates ten transitional living properties in Tucson, with a bed capacity of approximately 300 beds, working closely with multiple federal, state and community partners.

This quote comes from the Old Pueblo Community Services website:

“Though no one can go back and make a brand new start, anyone can start from now and make a brand new ending.” – Carl Bard

Bob Kaplan, Investment Specialist with Cushman & Wakefield | Picor represented the seller. Jack Hopkins with Tierra Antigua Realty of Tucson represented the buyer in this transaction.

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[mepr-show rules=”58038″]Sale date: 5/28/2014. Down payment: $180,000. Zoning R-3.APN: 125-11-156.[/mepr-show]

The following leases were reported to us for the week of May 26 – 30, 2014 for the Tucson Lease Report.

OFFICE – 3690 S. PARK AVE., TUCSON
Marana Health Center, Inc. leased 16,243-square-feet at 3690 S. Park Ave. from William Lee LLC. Ron Zimmerman, with Cushman & Wakefield | Picor in Tucson represented the landlord.

INDUSTRIAL – 4560 S. COACH RD., TUCSON
StrengthBuilding Partners, LLC leased 6,575-square-feet at 4560 S. Coach Dr. in Tucson from DHT Enterprises, Inc. Las Puertas Community School, a program of StrengthBuilding™ Partners will be utilizing the space. Las Puertas Community School is a tuition-free public charter school, opening in August 2014 for grades 6-8.  The mission of Las Puertas is to establish a project-based learning community which assures that all students are college ready, contributing members of the community and able to use strength building concepts throughout their lives. Pat Welchert, SIOR, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord. Russ Hall, SIOR, GSCS and Steve Cohen Industrial Specialists with Cushman & Wakefield | PICOR of Tucson represented the tenant in this transaction. [mepr-show rules=”58038″]Asking rate: $0.50 SF/MO NNN; Tenant Phone: 520-546-9296[/mepr-show]

RETAIL – 350 E. CONGRESS ST., TUCSON
Hi-Fi Tucson, LLC, leased approximately 6,307-square-feet of retail space located at 350 E. Congress St., Tucson, Arizona, from Tucson Properties 1, LLC, and OT Alegria, LLC. Hi-Fi is a new restaurant & bar which recently opened in April. Hank Amos and Pat Darcy of Tucson Realty & Trust Co. represented the Tenant in the transaction. [mepr-show rules=”58038″]Tenant Phone: 520-268-9110[/mepr-show]

WAREHOUSE – 5254 N CASA GRANDE HIGHWAY, TUCSON
Amerit Fleet Solutions, Inc. leased 5,000-square-feet at 5254 Casa Grande Highway in Tucson from John Herder, LLC. Russ Hall, SIOR, GSCS and Steve Cohen, Industrial Specialists with Cushman & Wakefield | PICOR of Tucson and Chris Burns with Cushman & Wakefield of California represented the tenant, Henry Zipf of Henry Zipf Realty in Tucson represented the landlord in this transaction. [mepr-show rules=”58038″]Asking rate: $1.10 SF/MO Modified Gross; Tenant Phone: 520-624-0096[mepr-show rules=”58038″]

OFFICE – 1984 N. KOLB RD., TUCSON
Velez and Associates LLC leased 1,640-square-feet at 1984 N. Kolb Road from Taylor Kolb LLC. Gary Emerson of GRE Partners LLC in Tucson represented the tenant and Jeff Casper of CBRE in Tucson represented the landlord. [mepr-show rules=”58038″]Asking rate: $17.00 SQ/FT Modified Gross; Tenant Phone: 520-207-1091[/mepr-show]

RETAIL – 4240 N. 1st AVE., TUCSON
Williams & Williams Spa & Tan, Inc. leased 1,500-square-feet at Rillito Crossing Marketplace 4240 N. 1st Ave., Tucson. The tenant plans to open Planet Beach Tanning Salon in the space. Rillito Crossing Marketplace is located at the northeast corner of First Avenue and Limberlost and is anchored by Sprouts and LA Fitness. Rick Borane and Dave Hammack of Volk Company of Tucson represented the landlord, Rillito Marketplace One, LLC. [mepr-show rules=”58038″]Asking lease rate: $28.00 SF/YR GROSS.[mepr-show rules=”58038″]

OFFICE – 6262 N. SWAN RD., TUCSON
Hillman Curtis Counseling Services leased 780-square-feet at 6262 N. Swan Rd., Suite 220 from Skyline Corporate Center LLC. Lori Casey and Doug Marsh from Oxford Realty Advisors represented the landlord. Randy Jones from Oxford Realty Advisors of Tucson represented the tenant.

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Redyns Development LLC of Tucson (Harold Snyder, manager) bought a 15,000-square-foot office building at known as Fountains Plaza at 2070 W Rudasill Road in Tucson for $4.3 million ($287 PSF) in an all-cash transaction.

Fountains Plaza is a single-story medical office center (built 1998) consisting of approximately 14,976-rentable-square-feet on 1.47 aces. The building is 100% occupied by US Oncology on an Absolute NNN lease through December 2014. The tenant has recently remodeled their premises and expanded their leased space to the entire building. US Oncology is affiliated with over 1,000 physicians operating in more than 440 locations including 90 cancer centers and radiation facilities in 39 states.

The building is strategically located on the Northwest Medical Center campus which is a 300-bed, full service hospital with 1,800 employees.

David Montijo and Michael Sandahl of CBRE in Tucson represented the sellers, an investment group formed by Don Bourn, Fountains Medical Plaza Investors LLC of Tucson and BP Fountains Plaza LLC (Toufic Abi-Aad and Don Bourn, members).

The investor was represented by Russ Hall and Steve Cohen of Cushman & Wakefield of Tucson.

Montijo can be reached at (520) 323-5136 and Sandahl is at (520) 323-5115. Hall should be reached at (520) 546-2747 and Cohen is at (520) 546-2750, for more information.

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[mepr-show rules=”58038″]Sale date: 5/1/2014. Sale price: $4,291,776. All cash deal. Property sold with a 7% cap rate.[/mepr-show]