Tucson Retail Sales – Hi Falutin & Window World Sold

Hi Falutin, 6780 N Oracle Rd, Tucson, AZ

TUCSON, ArizonaOakmark Properties of Scottsdale purchased the property at 6780 N Oracle Road in Tucson from Thomas and Ines Leonard  of Tubac for $850,000 ($258 PSF).  The investor is an experienced restaurant investor that owns approximately 25 leased properties.

The property is leased to the popular Hi Falutin Rapid Fire Western Grill Restaurant and sold at a high cap rate.

Glen Fotre of Triple Net Investment in Tucson handled the transaction and can be reached for more information at 520.403.7717.

To learn more, login and see RED Comp #4461.

[mepr-show rules=”58038″]This sale closed on 1/4/2017. Sellers are elderly and was about to be foreclosed on when property sold. Fotre sold the property within 60 days at a 9.4% cap rate.[/mepr-show]

 

4912 E 22nd St., Tucson, AZ

Window World Gets New Home

Window World of Tucson, LLC, purchased the retail building at 4912 East 22nd Street, Tucson for $399,000 ($94 PSF) to owner occupy it and plans to relocate from its Broadway location.

The property consists of an approximately 4,261-square-foot building on 27,202 square feet of land, built in 1973. It was formerly occupied by E-Konomy Pool that moved its new Speedway location.

Frank Arrotta of Tucson Realty & Trust Co. represented the buyer. Gary Best, CCIM, and John Hammer of Keller Williams in Tucson represented the seller, DeCook Properties LLC, in the transaction.

For more information, Arrotta can be contacted at 520.577.7000 and Hamner at 520.907.0030. Best can be reached at 520.444.0799.

To learn more, login and see RED Comp #4462.

[mepr-show rules=”58038″]Property closed 1/3/2017. APN #131-01-031 zoned C-2[/mepr-show]




Tucson Lease Report June 6 – 10, 2016

Tucson courthouse 200x150
Tucson Lease Report June 6 – 10, 2016

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from June 6 thru June 10, 2016.

INDUSTRIAL – 2010 N. FORBES BLVD., TUCSON
Comfort Systems USA (Southwest), Inc. leased 5,954-square-feet at 2010 N. Forbes Blvd., Suite 103 in Tucson from Tucson North Forbes Ventures, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord and Keith Lammersen with JLL, represented the tenant in this transaction. [mepr-show rules=”58038″]Phone: 520.628.8640[/mepr-show]

OFFICE – 3575 E. SUNRISE DR., TUCSON
First Financial Equity Corp. leased 4,520-square-feet of office space at La Paloma Corporate Center. David Montijo and Damian Wilkinson with Tucson’s CBRE office represented the landlord. Jeff Casper with CBRE’s Tucson office and Bryce Terveen with CBRE’s Phoenix office represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $22.00 SF/YR Full Service[/mepr-show]

RETAIL – 3575 E. GRANT RD., TUCSON
Priority Auto and Tire Center, LLC leased 4,487-square-feet at 3575 E. Grant Rd. in Tucson from Norman Medeiros, Sr., Revocable Living Trust.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Phone: 520.585.4205[/mepr-show]

RETAIL – 5640 E. BROADWAY BLVD., TUCSON
Gospel Supplies leased 4,240-square-feet in Broadway Center, 5640 E. Broadway Blvd., from Broadway Craycroft, LLC.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction.[mepr-show rules=”58038″] Phone: 520.722.1441[/mepr-show]

OFFICE – 5300 E. ERICKSON DR., TUCSON
Tender Loving Care Health Care Services Western, LLC leased 3,762-square-feet at 5300 E. Erickson Dr., Suite 116 in Tucson from TMC Holdings, Inc.  Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Phone: 520.546.1724[/mepr-show]

OFFICE – 7400 N. ORACLE RD., TUCSON
G4S Secure Solutions (USA), Inc. leased 3,652-square-feet of office space at 7400 N. Oracle Rd., Suite 311 in Tucson from Northwest Corporate Centre.  Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant and Dan Wesson with The Waterfall Group, LLC, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $16.50 SF/YR Full Service; Phone: 520.748.8800[/mepr-show]

RETAIL – 4165 W. INA RD., TUCSON
Southwest Dance Academy, LLC leased 3,477-square-feet at 4165 W. Ina Rd., Suite 101 in Tucson from Tin Cup Properties, LLC, dba Regency Plaza.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – RILLIOT CORPORATE PARK, TUCSON
National Community Health Partners renewed 2,814-square-feet of office space at Rillito Corporation Park. David Montijo and Damian Wilkinson with CBRE’s Tucson Office represented the landlord and the tenant in this transaction. [mepr-show rules=”58038″]Phone: 520.795.9756[/mepr-show]

OFFICE – 6260 – 6296 E. GRANT RD., TUCSON
Coronado Internal Medicine has leased a 2,400-square-feet of space at Wilmot Professional Plaza, located on Wilmot Rd, just south of Grant Rd. The Premises will be used as a general medical practice office. They are scheduled to open for business October 2016.  Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker, while Andrew Sternberg, of Oxford Realty, represented the Tenant. [mepr-show rules=”58038″]Phone: 520.885.2072[/mepr-show]

RETAIL – 3150 E. FT. LOWELL RD., TUCSON
Rug Warehouse leased 2,320-square-feet in Winterhaven Square, located at Fort Lowell and Country Club in Tucson, from Glover Associates, LP.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 6260 – 6296 E. GRANT RD., TUCSON
Borden Physical Therapy has leased a 2,280-square-feet of space at Wilmot Professional Plaza, located on Wilmot Rd, just south of Grant Rd. The Premises will be used as a physical therapy office. They are scheduled to open for business in September 2016.  Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker, while Alan Moore, of Chapman Lindsey, represented the Tenant. [mepr-show rules=”58038″]Phone: 520.884.0001[/mepr-show]

OFFICE – 6260 – 6296 E. GRANT RD., TUCSON
HBS Management Solutions has leased a 2,120-square-foot space at Wilmot Professional Plaza, located on Wilmot Rd, just south of Grant Rd. The Premises will be used as an property management office. They are scheduled to open for business in October 2016.  Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker. [mepr-show rules=”58038″]Phone: 520.838.0276[/mepr-show]

OFFICE – 1600 N. KOLB RD., TUCSON
Fidelity National Title leased 1,987-square-feet of office space at Kolb Executive Park. The landlord was represented by Diana Dessy of Anthem Equity Group. The tenant was represented by David Montijo and Damian Wilkinson with CBRE’s Tucson Office.

RETAIL – 3150 E. FT. LOWELL RD., TUCSON
Tom Roof the Cleaner renewed their lease for 1,788-square-feet in Winterhaven Square, located at Fort Lowell and Country Club in Tucson, from Glover Associates, LP.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Phone: 520.326.1114[/mepr-show]

OFFICE – 6400 E. GRANT RD., TUCSON
Frontline Software Technology, Inc. leased 1,747-square-feet at 6400 E. Grant Rd., Suite 110 in Tucson from La Mirada, LLC.  Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord and Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $16.50 SF/YR Full Service; Phone: 520.298.0707[/mepr-show]

OFFICE – 899 N. WILMOT RD., TUCSON
Brien V. Harvey, D.D.S. has extended his current lease for a five (5) year term of 1,632-square-feet at 899 N. Wilmot Road, Suite E-2, from Holland Arizona Investments, LLC.  Lori Casey of Oxford Realty Advisors handled the transaction. [mepr-show rules=”58038″]Phone: 520.745.5722[/mepr-show]

OFFICE – 1773 W. ST. MARY’S RD., TUCSON
Southwest Orthopaedic Surgery leased 1,580-square-feet at Tucson Mountain Medical Park at 1773 W. St. Mary’s Road, Tucson. Bruce Suppes and Dave Volk with the CBRE’s Tucson Office represented the landlord. [mepr-show rules=”58038″]Asking lease rate: $16.50 SF/YR Full Service; Phone: 520.327.9677[/mepr-show]

OFFICE – 1200 N. EL DORADO PL., TUCSON
Tami C. Friske, OD, PC leased 1,488-square-feet in El Dorado Square, 1200 N. El Dorado Pl., Suite G-750 in Tucson, from El Dorado Ventures, LLC. Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord and James Robertson, Jr. with Realty Executives Tucson Elite, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $17.90 SF/YR Full Service[/mepr-show]

OFFICE – 1773 W. ST. MARY’S RD., TUCSON
Bayada Home Health Care leased 1,364-square-feet at Tucson Mountain Medical Park at 1773 W. St. Mary’s Road, Tucson. Bayada was represented by Gary Best with Keller Williams Southern Arizona Realty.  Bruce Suppes and Dave Volk with the CBRE’s Tucson Office represented the landlord. [mepr-show rules=”58038″]Asking lease rate: $16.50 SF/YR Full Service[/mepr-show]

RETAIL – 1830 E. BROADWAY BLVD., TUCSON
Supercuts, Inc. leased 1,234-square-feet at 1830 E. Broadway Blvd., Suite 170 in Tucson, from Broadway Tucson Investors, LLC.  Greg Furrier and Rob Tomlinson, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord.  John Yarborough, with Romano Real Estate Corporation, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $14.00 – 19.00 SF/YR NNN[/mepr-show]

RETAIL – 3118 E. FT. LOWELL RD., TUCSON
Domino’s Pizza leased 1,200-square-feet in Winterhaven Square, located at Fort Lowell and Country Club in Tucson, from Glover Associates, LP.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 3150 E. FT. LOWELL RD., TUCSON
Rich Nails renewed their lease for 1,160-square-feet in Winterhaven Square, located at Fort Lowell and Country Club in Tucson, from Glover Associates, LP.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Phone: 520.319.1888[/mepr-show]

OFFICE – 2200 E. RIVER RD., TUCSON
Gordian Advisors, LLC leased 983-square-feet of office space at 2200 E. River Road, Suite 109 in Tucson from Morken Family Trust.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.[mepr-show rules=”58038″] Asking lease rate: $22.00 SF/YR; Phone: 520.615.2779[/mepr-show]

OFFICE – 7680 E. BROADWAY BLVD., TUCSON
Mercury Ventures Inc. renewed 903 sq. ft. and signed a new lease for 532 sq. ft. of office space at Broadway Proper. The transaction was handled by Bruce Suppes with CBRE’s Tucson Office.[mepr-show rules=”58038″] Phone: 520.647.7865[/mepr-show]

OFFICE – 7070 N. ORACLE R., TUCSON
Tucson Counseling leased 803-square-feet of office space at 7070 N. Oracle Road. Bruce Suppes and David Volk represented the landlord and the tenant in this transaction. [mepr-show rules=”58038″]Phone: 520.873.8562[/mepr-show]




Tucson Lease Report May 30 – June 3, 2016

Tucson courthouse 200x150
Tucson Lease Report May 30 – June 3, 2016

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from May 30 thru June 3, 2016.

OFFICE – 3573 E. Sunrise Dr., TUCSON
First Financial Equity Corp. leased 4,520-square-feet of office space at La Paloma Corporate Center. David Montijo and Damian Wilkinson with Tucson’s CBRE office represented the landlord. Jeff Casper with CBRE’s Tucson office and Bryce Terveen with CBRE’s Phoenix office represented the tenant. [mepr-show rules=”58038″]$22.00 SF/YR Full Service[/mepr-show]

INDUSTRIAL – 5270 S BANTAM RD., TUCSON
Next Level Motorsports, LLC leased approximately 4,500-square-feet of industrial space at 5270 S. Bantam Rd., from Bantam, LLC. Eric Lamb and Aubrey Finkelstein of Vast Real Estate Solutions represented the Landlord in the transaction.

RETAIL – 6021 N. ORACLE RD., TUCSON
PP Two Inc. in its lease of 4,245-square-feet within Placita Del Oracle Shopping Center to UCXtra Services, LLC, dba Urgent Care Extra Arizona. Placita Del Oracle is located at 6021 North Oracle Road at the northwest corner of Oracle and Rudasill. Other tenants in the center include Mr. An’s, Las Margaritas, Starbucks, and Sparkle Cleaners. Kenneth Elmer of Commercial Properties, Inc. represented the tenant. Dave Hammack of Volk Company represented PP Two Inc.

RETAIL – 3655 N ORACLE RD., TUCSON
Escape Room Tucson leased approximately 3,500-square-feet of retail space at 3655 N. Oracle Rd., from Olympic View Properties, Inc. Aubrey Finkelstein of Vast Real Estate Solutions represented the Landlord in the transaction. [mepr-show rules=”58038″]$11.00 SF/YR NNN[/mepr-show]

OFFICE – 4502 N. 1st Ave., TUCSON
National Community Health Partners renewed 2,814-square-feet of office space at Rillito Corporation Park. David Montijo and Damian Wilkinson with CBRE’s Tucson Office represented the landlord and the tenant in this transaction. [mepr-show rules=”58038″]Phone: 520.795.9756[/mepr-show]

OFFICE – 1650 N. KOLB RE., TUCSON
Fidelity National Title leased 1,987-square-feet of office space at Kolb Executive Park. The landlord was represented by Diana Dessy of Anthem Equity Group. The tenant was represented by David Montijo and Damian Wilkinson with CBRE’s Tucson Office.

OFFICE 1773 W. ST. MARY’S RD., TUCSON
Orthopaedic Surgery leased 1,580-square-feet at Tucson Mountain Medical Park at 1773 W. St. Mary’s Road, Tucson.  Bruce Suppes and Dave Volk with the CBRE’s Tucson Office represented the landlord. [mepr-show rules=”58038″]$16.50 SF/YR Full Service[/mepr-show]

OFFICE 1773 W. ST. MARY’S RD., TUCSON
Bayada Home Health Care leased 1,364-square-feet at Tucson Mountain Medical Park at 1773 W. St. Mary’s Road, Tucson.  Bayada was represented by Gary Best with Keller Williams Southern Arizona Realty.[mepr-show rules=”58038″] $16.50 SF/YR Full Service; Phone: 520.544.2300[/mepr-show]

RETAIL – 4700 E. SUNRISE DR., TUCSON
General Nutrition Corporation, renewed their lease of 1,200-square-feet at Sunrise Village Shopping Center. Sunrise Village at the southeast corner of Sunrise and Swan. The shopping center is anchored by Safeway and CVS. David Hammack of Volk Company represented the landlord, Sunrise Village Investors, LLC, in the renewal of its lease with

OFFICE – 400 S. Broadway PL., TUCSON
Mercury Ventures Inc. renewed 903 square-feet and signed a new lease for 532 sq. ft. of office space at Broadway Proper. The transaction was handled by Bruce Suppes with CBRE’s Tucson Office. [mepr-show rules=”58038″]Phone: 520. 647.7865[/mepr-show]

OFFICE – 7070 N. ORACLE RD., TUCSON
Tucson Counseling leased 803-square-feet of office space at 7070 N. Oracle Road. Bruce Suppes and David Volk represented the landlord and the tenant in this transaction. [mepr-show rules=”58038″]$17.00 SF/YR Full Service[/mepr-show]

OFFICE – 6420 E. BROADWAY BLVD., TUCSON
IME, LLC leased approximately 744 SF of office space at 6420 E. Broadway Blvd., from Wilmot 310, LLC. Aubrey Finkelstein of Vast Real Estate Solutions represented the Landlord in the transaction. [mepr-show rules=”58038″]Asking lease rate: $12.00 – $14.00 SF/YR Full Service[/mepr-show]