Tucson Investment Sale of NextCare Urgent Care for $1.175 Million

NextCare Urgent Care, 6238 E Pima St., Tucson, AZ

TUCSON, ARIZONA — Lee & Associates Investment Principals Steve Gonzalez, Marcus Muirhead and Greg Guglielmino brokered the sale of 6238 E Pima Street in Tucson for $1.175 million ($291 PSF) for this single tenant triple-net (NNN) property.

Constructed in 1998 as a build-to-suit for this specific use, NextCare Urgent Care has leased the space for the last 20 years. Located along one of the busiest traffic corridors in Metropolitan Tucson, the property’s location benefits from high multifamily and single-family density as well as strong retail tenants from national and regional companies.

For more information on the properties, visit www.leearizona.com or contact Gonzalez at 602. 474.9588, Guglielmino at 602.474.9590 or Muirhead at 602.474.9589.

To learn more, see RED Comp #5665.

[mepr-show rules=”58038″]Sale date: 3/27/2018. Sale Price: $1,175,000. Document #2018-0860476. APN # 121-08-315[/mepr-show]




The Clover Group Trades into Two Office Properties for $10.75 Million

Northwest Healthcare, 10120 E Old Vail Rd, Tucson, AZ

TUCSON, ARIZONA — Affiliates of The Clover Group traded into two office properties this month for an aggregate value of $10.75 million, both were buyer’s uplegs in 1031 exchanges.

Maizlich CP Houghton, an affiliate of The Clover Group of Tucson (Paul Kraft, manager), purchased the medical office at 10120 E Old Vail Road in Tucson for $4.035 million ($419 PSF). Constructed in 2016, the building is fully leased long-term to Northwest Hospital for medical offices.

Located within the Houghton Town Center commercial development, adjacent to the Northwest Emergency Center, the 9,631-square-foot building sits on 1.35 acres.

“The neighborhood has positive income demographics, good schools, growing permit activity, and continues to receive significant transportation infrastructure investment,” stated Paul Kraft.

The seller is an affiliate of Diamond Ventures of Tucson, was represented by Marcus & Millichap of Phoenix.

Rooney Ranch Professional Offices, 10445 N Oracle Rd, Oro Valley, AZ

A second office complex at 10445 N Oracle Road in Oro Valley, Rooney Ranch Professional Offices, was also purchased by Maizlich CP Oro Valley, an affiliate of The Clover Group (Paul Kraft, manager) for $6.715 million ($196 PSF).

This attractive 34,237-square-foot multi-tenant office complex in three buildings is located on 3.95 acres in a retail location, with frontage along Oracle Road at the signalized intersection of Oracle Road and Pusch View Lane. The property has a diverse tenant mix of both general office and medical related tenants, across the street from a 565,000-square-foot power center with retailers such as Target, Fry’s, Home Depot and a host of restaurants. Oro Valley is a growing community with positive long term economic/demographic trends.

The seller was Berkeley Land Company of Danville, CA (Michael Mikulich, manager). Greg Guglielmino, Steven Gonzalez and Marcus Muirhead with Lee & Associates of Phoenix handled the transaction for the seller.

The buyer was represented by Swain Chapman of Chapman Management Group.

For more information Guglielmino is at 602.474.9590, Gonzalez can be reached at 602.474.9588 and Muirhead can be contacted at 602.474.9589. Chapman should be reached at 520.622.5544.

To learn more login and see RED Comp #5721 and #5725.

 

 

 

 




Tempe Office/Flex Business Park Trades for $10.2 Million in Investment Deal

TEMPE, AZ –  DeMuro Corporate Square, a 7-building business park totaling 88,837 SF at 1505-1575 W. University Dr., Tempe, has sold to a California investment entity for $10.2 million ($115 PSF). Occupancy was reported to be 92%. The transaction closed on June 30.

Lee & Associates Investment Principals Steve Gonzalez, Marcus Muirhead, and Greg Guglielmino represented the seller, University Corporate Square Associates, Santa Rosa, CA. The buyer was Tempe Creative Campus, LLC, Carlsbad, CA.

Built in 1985, the seven-building business park contains buildings of just over 7,000 SF to 17,000 SF. The business park features I-1 light industrial zoning and 319 parking spaces. The outstanding location is just three miles east of Phoenix Sky Harbor International Airport and several blocks from Downtown Tempe and the main campus of Arizona State University.

For more information,  Steve Gonzales is at  602.474.9588; Greg Guglielmino at 602.474.9590; and  Marcus Muirhead can be contacted at 602.474.9589.