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.

TUCSON, Arizona – Marlee Saguaro, LLC of Tucson (David Lee, manager) purchased a 5,215-square-foot free standing restaurant at 4499 W. Ina Road in Marana AZ for $680,000 ($130 PSF).

The former Chuy’s Mesquite Broiler was vacant at time of sale on a 52,042-square-foot pad. The buyer owns an adjacent 35,000-square-foot pad to the west of the center and intends to lease either lease or split the pads for redevelopment into three smaller retail pads.

The two-year long Ina Road construction project is on schedule for 2019 completion.

David Lee of David Lee Real Estate represented himself as the buyer. Nancy McClure of CBRE represented the seller, Edwards Ina Lee Mar, LLC in the transaction.

In a separate transaction, Lee Family Property Management, LLLP (David Lee, manager) traded into an Arby’s franchise at 1893 W Grant Road in Tucson for $1.25 million ($411 PSF). The 3,043-square-foot Arby’s sits on a .90-acre pad sold in a net investment sale.

Located in one of Tucson’s high trafficked corridors, near the intersection of Grant Road and I-10, the property is within walking distance of two major industrial and office parks: Grant Road Industrial Center and Broadbent Business Park. Across the street from a Safeway anchored shopping center that includes Walgreens, GNC, Subway, US Bank, and Wells Fargo among others.

The Arby’s is subject to a new 20-year triple-net sale leaseback with Cardinal RB Arizona LLC, an 8-unit Arby’s operator in metropolitan Tucson.

Glen Kunofsky, Edward Otocka and Garaub Reja with Marcus & Millichap’s National Retail Group and the Net Leased Properties Group represented the seller and David Lee of David Lee Real Estate represented himself as the buyer.

For more information on these properties, Lee can be reached at 520.798.3199 and McClure can be contacted at 520.323.5117.

To learn more, see RED Comp # 5187 and #5235.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from January 9 thru 13, 2017.

INDUSTRIAL – 8620 E. OLD VAIL RD., TUCSON
Raise the Bar Fitness leased a 5,280-square-feet industrial property at 8620 E. Old Vail Road. The landlord was represented by Tim Healy and Robert DeLaney of CBRE. [mepr-show rules=”58038″]Asking lease rate: $0.34 – $0.50 SF/MO NNN; Tenant Phone: 520.574.7743[/mepr-show]

OFFICE – 1 S. CHURCH ST., TUCSON
Carollo Engineers, Inc. leased a 3,215-square-feet of office space at 1 South Church Ave. The tenant was represented by Dustin McFarland of Savills Studley. The landlord, 1SC Partners LLC, was represented by Jeff Casper of CBRE. [mepr-show rules=”58038″]Tenant Phone: 520.624.4483[/mepr-show]

RETAIL – 7105 E. 22^nd St., TUCSON
46 Wellness, LLC has leased 3,050-square-feet at 7105 E. 22^nd Street, from Gee Garden Properties-2, LLC.  Robert J. Nolan of Oxford Realty Advisors represented the Tenant and David Lee of David Lee Real Estate represented the Landlord in the transaction.

RETAIL – 4016 N. 1^st AVE., TUCSON
Mama’s Hawaiian Bar-B-Cue has signed a lease at Shoppes at 1^st & Roger for their fifth location in Tucson and sixth in Arizona. Their newest restaurant will be located at the 4016 N. 1^st Avenue, Suites 100 and 110, at the northeast corner of 1^st Avenue and Roger Road. This new Mama’s Hawaiian Bar-B-Cue location will be 2,160-square-feet and is expected to open in May 2017. Mama’s Family Restaurants, LLC opened their first restaurant on Speedway near the University of Arizona in 2010. Shoppes at 1^st and Roger was completed in December 2016 and is anchored by an existing Fry’s Food and Drug Store. Craig Finfrock of Commercial Retail Advisors, LLC represented both, the Landlord, Shoppes at 1^st & Roger, LLC, and the Tenant, Mama’s Family Restaurants, LLC, in this lease transaction. [mepr-show rules=”58038″]Tenant Phone: 520.792.2350[/mepr-show]

INDUSTRIAL – 3455 S. PALO VERDE RD., TUCSON
Arizona Smart Start, LLC leased 1,815-square-feet in the multi-tenant industrial property at 3455 S. Palo Verde. The landlord was represented by Tim Healy and Robert DeLaney of CBRE. [mepr-show rules=”58038″]Asking lease rate: $0.68 – $0.70 SF/MO Modified Gross[/mepr-show]

OFFICE – 100 N. STONE AVE., TUCSON
Richard Bock and Jesse Smith leased a 1,783-square-feet office property at 100 N. Stone Avenue. The landlord was represented by Bruce Suppes and David Volk of CBRE. A[mepr-show rules=”58038″]sking lease rate: $18.00 SF/YR Full Service[/mepr-show]

OFFICE – 100 N. STONE AVE., TUCSON
Ikes Coffee leased 1,468-square-feet of office space at 100 N. Stone Avenue. The landlord was represented by Bruce Suppes and David Volk of CBRE. [mepr-show rules=”58038″]Asking lease rate: $18.00 SF/YR Full Service; Tenant Phone: 520.792.1800[/mepr-show]

OFFICE – 1701 W. ST. MARY’S RD., TUCSON
Pasqua Yaqui Tribe leased 1,425-square-feet of medical space at 1701 W. St Mary’s Road. The tenant was represented by Dave Blanchette and Ian Stuart with CBRE. The landlord was represented by Tom Neiman with Cushman Wakefield | PICOR. [mepr-show rules=”58038″]Asking lease rate: $19.00 SF/YR Full Service[/mepr-show]

RETAIL – 3964 N. ORACLE RD., TUCSON
Pizza Hut of Arizona leased a 1,356-square-feet retail property located at 3964 N. Oracle Road. The tenant was represented by Jesse Peron and Peter Villaescusa of CBRE. The landlord was represented by David Carroll of Romano Real Estate.

RETAIL – 902 – 954 W. PRINCE RD., TUCSON
LaborMax Staffing leased 1,300-square-feet in the Del Norte Shopping Center, located at the northwest corner of Prince Rd. and Fairview Ave. in Tucson, from Prince Road Plaza, LLC.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $9.00 SF/YR NNN[/mepr-show]

RETAIL – 718 E 46^th ST., TUCSON
The Doughnut Peddler leased 1,240-square-feet at 718 E. 46^th St. in Tucson, from El Gato Investment Two, LLC.   Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 3898 E. GRANT RD., TUCSON
The UPS Store leased 1,200-square-feet in Fry’s Plaza, located at 3898 E. Grant Rd. in Tucson, from Grant and Alvernon Realty Trust.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 10235 E. OLD VAIL RD., TUCSON
Mindy Huyen Bui, Nail File Spa, leased 1,200-square-feet in a planned retail shop building to begin construction in Las Plazas at Old Vail, located at 10235 E. Old Vail Road. The landlord was represented by Jesse Blum and Nancy McClure of CBRE.

OFFICE – 100 N. STONE AVE., TUCSON
Ram Nath, LLC leased 1,172-square-feet of office space at 100 N. Stone Avenue. The landlord was represented by Bruce Suppes and David Volk of CBRE. [mepr-show rules=”58038″]Asking lease rate: $18.00 SF/YR Full Service[/mepr-show]

RETAIL – 7123 E. TANQUE VERDE RD., TUCSON
Yong Ge and Wei Fang leased 1,050-square-feet at 7123 East Tanque Verde Road for ‘A Peace of Touch’, offering reflexology massage and acupuncture services. Dave Hammack of Volk Company represented the Colonia Verde Shopping Center.

RETAIL – 7123 E. TANQUE VERDE RD., TUCSON
The Vape Zone Smokeless, LLC leased 850-square-feet at 7113 East Tanque Verde, Suite 115, for a vape shop. Colonia Verde Shopping Center is located at the northeast corner of Tanque Verde Road and Sabino Canyon Road and is anchored by Safeway, Walgreens, and Ace Hardware. Dave Hammack of Volk Company represented the Colonia Verde Shopping Center. [mepr-show rules=”58038″]Tenant Phone: 520.207.3922[/mepr-show]

OFFICE – 1611 N. WILMOT RD., TUCSON
Adobe Insurance has extended their lease of 731-square-feet at Dorado Park Office Plaza, 1611 N. Wilmot Road, Suite 102A, from Deebco Properties (Landlord).  Andrew Sternberg of Oxford Realty Advisors handled the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.298.2100[/mepr-show]

OFFICE – 4560 E. BROADWAY BLVD., TUCSON
La Luz Properties, LLC leased 139-square-feet of office space in Midstar Plaza, 4560 E. Broadway Blvd., Suite 225 in Tucson, from Midstar Partners, LLC. Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.