Mercado El Herradero Carniceria Coming to Ina Road & I-10 in Marana

MARANA, Arizona – Primo’s R/E Investments of Mesa (Ernetso Rascon, manager) purchased a 29,294-square-foot padded lot at 4505 West Ina Road in Marana for $445,000 ($15.19 PSF). The buyer plans to build a 5,200-square-foot Mercado El Herradero Carniceria on the site.

The seller, David Lee of Marlee Saguaro, LLC and David Lee Real Estate Company was self-represented, and Juan Teran of Realty Executives Tucson Elite represented the buyer.

The property is located to the west of the former Chuy’s restaurant that sold in September  for redevelopment at a sale price of $1.35 Million. Debbie Heslop, CCIM, with Volk Company represented the buyer of the former Chuy’s.

Ina Road is reaching the completion of $128 million road improvements being overseen by ADOT and funded by the Federal Highway Administration, the Pima Association of Governments and the Regional Transportation Authority. Completion is scheduled for early March.

Before work began, Ina Road crossed under I-10, and drivers frequently had to stop for passing freight trains. After completion, Ina Road will cross over I-10 and the railroad tracks. Both Ina Road and I-10 will have an additional lane in each direction to accommodate increasing traffic, with Ina Road improvements reaching west across the Santa Cruz River to Silverbell Road.

The improvements are designed to keep pace with growth in the Marana area while reducing congestion on Cortaro Road.

For more information, David Lee can be reached at 520.954.8008 and Juan Teran should be contacted at 520.977.5905.

To learn more, see RED Comp #6405.




Oracle Road Assemblage in Oro Valley has Development Potential

9806 N Oracle
9806 N Oracle Road, Oro Valley, AZ

Marlee Valencia Chuy’s, LLC (David Lee, manager) purchased 1.74 acres of vacant land located at 9806 N. Oracle Rd. in Oro Valley from The Cultured Cup, LLC (Sahba & Nasim Maani, members) for $150,000 ($1.98 PSF).

Usable land area is much smaller however, as the property is trisected into three pieces due to a dry wash running through it. Buyer plans to go through the hydrology reappointment of the wash for more usable land area.

The buyer also owns an adjacent 1.5 acres to the north of this parcel that includes an easement with Reflections Apartments for a total of approximately 2.5 acres for development.

Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the seller and David Lee with David Lee Real Estate Company, LLC, represented the buyer in this transaction.

For more information, Zimmerman can be reached at 520.546.2755 and Lee should be contacted at 520.795.3199.

To learn more, see RED Comp #4052.

 




McDonald’s Real Estate News Around Tucson

McdonaldsMcDonald’s broke ground last week on a new 4,500-square-foot restaurant at Houghton Town Center. The less than one acre retail pad was purchased for $790,000. McDonalds will join Walmart, Discount Tire and Panda Express at the center located at 118 acre regional retail center at the southeast corner of Houghton and Old Vail Roads in the Vail area.

The seller, Houghton Developers is an affiliate of Tucson–based Diamond Ventures (Don Diamond, principal). Shannon Murphy with Diamond Ventures, Alan Tanner with Bourn Advisory Services in Tucson and Ben Craney of NAI Horizon in Tucson represented the seller and Brian Harpel of The Harpel Company represented the buyer.

From the Southeast to the Northwest, McDonald’s paid $775,000 for a second retail pad at Marana Main Street project. About one year after announcing plans to be the first tenant at the 28 acre Marana Main Street project located at Sandario Road near I-10.

The 4,500-square-foot McDonald’s is expected to open this fall under the management of Tucson franchise owners, Vic and Nicole Topper.

The seller was Marana Main Street Development (Chris Monson, director) of Tucson. Brian Harpel of The Harpel Company handled the Marana transaction.

McDonald’s also sold a former restaurant at 7202 E 22nd Street in Tucson to Eyebros, LLC dba Desert Star Mechanical of Tucson (Edmund Irving, Billy Fry, and Paul Carrillo members). The 5,118-square-feet of building (built 1985) on a 36,000-square-feet lot sold for $375,000 ($73 PSF) after McDonald’s moved to a new location at 22nd and Kolb in Tucson.

The buyer of the former restaurant is an air conditioning and heating contractor that will occupy the property.

Brian Harpel of The Harpel Company represented McDonald’s and David Lee of David Lee Real Estate Company in Tucson represented the buyer.

To learn more Harpel should be reached at 520.721.7999; Murphy can be contacted at 520.577.0200; Tanner is at 520.323.1005 and Craney can be reached at 520.326.2200. David Lee can also be contacted at 520.795.3199.