TUCSON, Arizona — The following commercial real estate transactions totaling $7.96 million created a lot of conversation at the April meeting of the Southern Arizona CCIM Chapter, in case you missed it,  we’re publishing them here as part of our CCIM Conversation Corner.

Schotzsky’s Restaurant at 3270 E Valencia sold March 16^th for $775,000 ($229 PSF) in an all cash deal. The 3,383-square-foot building on .88 acre was included in the sale price. The buyer also purchased the franchise, furniture and fixtures in a separate transaction to continue operations as a Schlotzsky’s.  John Hamner, CCIM, with Keller Williams represented the seller. Hamner has since moved over to Re/Max Excalibur in Tucson. Teale Bloom with Phoenix Commercial Retail Advisors represented the buyer, DWG Properties LLC (Gene Denison, manager). Bobbi Rayon at Title Security handled the escrow. To learn more, see RED Comp #5649.

Time Market owner, Peter Wilke, bought the 6,639-square-foot former Scordata’s at 4405 W Speedway Blvd in Tucson for $430,000 ($65 PSF). Tari Auletta, CCIM, of Keller Williams represented the seller and Kristy Kelley with Long Realty represented the buyer. Buyer plans to convert the 6,639-square-foot building on almost 2 acres to a Time Market. To learn more, see RED Comp #5655.

Derrick Sinclair, CCIM, with Terramar Properties sold 13 semi-custom SFR lots sold at Yolanda Oasis Estate in Catalina, at Golder Ranch and Twin Lakes Road for $700,000 or $53,846 per lot. Average lot size is 30,000-square-feet. Sinclair handled the transaction for the buyer, AF Sterling, and seller. Title Security handled the escrow. To learn more, see RED Comp #5617.

Gary Andros, CCIM, of Andros Properties sold the office building at 615 W Roller Coaster Road in Tucson for $670,000 ($140 PSF). Doug Marsh and Lori Casey with Oxford Realty Advisors represented the seller, Farmers Insurance Exchange and Andros represented the buyer. The 4,769-square-foot office building was built in 1981 on .81 acres. The financing was handled by the National Bank of Arizona, Justin Martinez. To learn more, see RED Comp #5651.

F&J Ruis Holdings, LLC purchased vacant land at 507 – 547 W. Lester, Tucson, AZ from Starnoff Investments, LLC for $249,000 ($4.89 PSF).  David Blanchette, CCIM, with NAI Horizon represented the owners and Ron Zimmerman with Cushman Wakefield/PICOR represented the buyer in this transaction. To learn more, see RED Comp #5724.

The White Ohana, LLC purchased a 32,391-square-foot building on 4.26-acres at 3951 E. Columbia St. in Tucson for $3.65 million ($113 PSF).  Rob Glaser, CCIM, SIOR, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller and Ted Liles with Cresa Global, Inc., represented the buyer, Firsterra Corporation of Costa Mesa, CA. To learn more, see RED Comp #5669.

Hawkins Investment Solutions, LLC purchased a 20,000-square-foot industrial building at 3260 E. 36^th St. in Tucson, from Glazer’s Real Estate, LLC for $900,000 ($45 PSF).  Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the buyer; Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the seller. To learn more, see RED Comp #5695.

The Connie Rae Simonds Trust purchased a 5,272-square-foot multitenant office building located at 3808-3818 E. 5^th St. in Tucson, from Wildcat Equities II, LLC for $582,503 ($110 PSF) as investment.  Built in 1966, the masonry building sits on a .40-acre lot. Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, represented the seller; Jim Briggs with Cornerstone Realty & Investments, LLC, represented the buyer. To learn more, see RED Comp #5699.

For more information on SOAZ CCIM Chapter and its upcoming monthly luncheon on May 8^th click here.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Jan. 1 thru 5, 2018.

OFFICE – 1310 W. ST. MARY’S RD., TUCSON
Skin Concierge, LLC; Dr. Mark Austein & Dr. Rachel Schacht has leased 1,369-square-feet at 1310 W. St. Mary’s Road, Suite A, from Campana De Plata, LLC; Dr. Rene Dominguez.  Lori Casey and Cameron Casey of Oxford Realty Advisors represented the Tenant and Lori Casey and Doug Marsh of Oxford Realty Advisors represented the Landlord in the transaction.  A new facility and medical practice.  Skin Concierge is a full-service dermatology and aesthetician practice. [mepr-show rules=”58038″]Asking lease rate: $16.50 – $17.00 SF/YR Modified Gross; Tenant Phone: 520.333.5973[/mepr-show]

RETAIL – 3820 W. RIVER RD, MARANA
Arizona Ice Cream Company, Inc., which will be opening the Tucson area’s first Pinkberry frozen yogurt leased 1,100-square-feet at 3820 W. River Rd., in the Marana Marketplace in Marana, Arizona. The long-term lease totals $457,071.  “Arizona Ice Cream Company, Inc. also operates two local Cold Stone Creamery stores and plans to open up to four Tucson-area Pinkberry locations over the next 12 to 18 months,” Scott Soelter of NAI Horizon said. Pinkberry, which offers frozen desserts, originated in Los Angeles in 2005 and now has more than 260 locations in 20 countries. It is headquartered in Scottsdale, Arizona. Tenants at Marana Marketplace include Sprouts, PetSmart, Conn’s, Sports Clips, and Guitar Center. Managing Director Scott Soelter of NAI Horizon’s Tucson office negotiated the lease on behalf of the tenant. The landlord, Marana Marketplace Partners, LLC of Tucson was represented by Melissa Lal of Larsen Baker.

RETAIL – 3951 W. INA RD., TUCSON
Chadron EFGAZ, LLC dba Eat Fit Go leased 988-square-feet at 3951 West Ina Road, Suite 123, Tucson. The space is located in a pad building that is also occupied by Starbucks and T-Mobile within Thornydale Plaza, a Target and Lowe’s anchored center at the southwest corner of Ina and Thornydale. Access Commercial represented the tenant. Dave Hammack of Volk Company represented the landlord, I.T. Investments One, L.L.C.

Send sales and leases to REDailyNews@outlook.com

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Nov 20 thru 24, 2017.

INDUSTRIAL – 2705 E. MEDINA RD., TUCSON
Sunstreet Mortgage, LLC leased 14,635-square-feet of industrial space at 2705 E. Medina Rd., Suites 131, 141, and 151 in Tucson, from 2705 Medina Properties, LLC.   Brandon Rodgers, CCIM, Principal; Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord. Doug Marsh with Oxford Realty Advisors, represented the tenant.

OFFICE – 4841 S. OVERLAND DR., TUCSON
Owl, Inc. leased 8,554-square-feet of office space at 4841 S. Overland Dr. in Tucson, from B&B Arizona Holding, LLC. Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant.  Jeff Casper, Tim Healy, and Robert DeLaney with CBRE, represented the landlord.

INDUSTRIAL – 2106 N. FORBES BLVD., TUCSON
Hamilton Distillers Group, LLC renewed their lease for 8,000-square-feet at 2106 N. Forbes Blvd., Suite 103 in Tucson, from MRI Saddlehorn Investments II, LLC.  Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $6.60 SF/YR Modified Gross; Tenant Phone: 520.245.8471[/mepr-show]

OFFICE – 2030 N. FORBES BLVD., TUCSON
Sunstate Mechanical Services, LLC leased 2,377-square-feet at 2030 N. Forbes Blvd., Suites 102 and 103B in Tucson, from M.A.O.R.I., LLC.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord.  Dave Blanchette with NAI Horizon, represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.998.9620[/mepr-show]

OFFICE – 7445 N. ORACLE RD., TUCSON
Pioneer Title Agency, Inc. leased 2,050-square-feet of office space at 7445 N. Oracle Rd., Suite 101 in Oro Valley, from RIW, LLC.  Isaac Figueroa, Office and Investment Specialist with Cushman & Wakefield | PICOR, represented the landlord.  Tom Hunt and Robert Davis with Tango Commercial Real Estate, represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.458.3500[/mepr-show]

OFFICE – 5620 N KOLB RAOD, SUTIE 260A, TUCSON
Joganic USA, LLC renewed their lease and expanded to 1,820-square-feet of office space at 5620 N. Kolb Road, Suite 260A, Andrew Sternberg with NAI Horizon represented both the tenant and landlord in this transaction.

OFFICE – 1200 N. EL DORADO PL., TUCSON
Desert Harmony Hospice of Tucson, LLC expanded their office space with El Dorado Ventures, LLC for an additional 1,502-square-feet in El Dorado Square, 1200 N. El Dorado Pl., Suite B-240 in Tucson. Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.284.9334[/mepr-show]

Retail – 4386 N. Oracle Road, Tucson, AZ 85705
7 Degrees Fahrenheit, LLC a Thai hand-rolled ice cream shop, leased 1,400-square-feet of retail space at 4386 N. Oracle Road; Dave Dutson with NAI Horizon represented the landlord in this transaction.

RETAIL – 12100 N. THORNDALE RD., TUCSON
Kiwi Nail Spa leased 1,200-square-feet in Pad 2 at Tangerine Crossing Shopping Center from Old Lobos T&T, LLC.  Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 3780 E. 44th ST., TUCSON
Practical Applications Cadre, LLC leased 1,100-square-feet at 3780 E. 44th St., Suite 106 in Tucson, from RR44, Inc.   Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord and the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.937.8722[/mepr-show]

RETAIL – 5553 E. GRANT RD., TUCSON
Queen Sheba Eritrean Restaurant leased 841-square-feet of restaurant space at 5553 E. Grant Rd. in Tucson, from LLJ Holdings, LLLP.  Isaac Figueroa and Aaron LaPrise with Cushman & Wakefield | PICOR, represented the landlord.   Cameron Casey with Oxford Realty Advisors, represented the tenant.