TUCSON, ARIZONA — Office sales of smaller office buildings has been active lately, with market vacancies at a seven year low in Tucson. There has been $17.3.6 million in sales volume this quarter with $400,000 the median sale price and 3,538-square-feet the median building square-footage.

William and Susan Daugherty purchased a 1,900-square-foot office building in the Central Submarket, located at 7479 E. Tanque Verde Rd. in Tucson, from Albatross Enterprise, LLC for $475,000 ($250 PF).   The building in Tanque Verde Place was built in 2007 and was leased to Title Security Agency of Arizona when it sold.  Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Tony Reed and Chris Itule with Long Realty Company represented the buyer.

Esquera Development, LLC purchased a 2,400-square-foot office building, located at 810 E. Fort Lowell Rd. in Tucson in the Central Submarket, from Jimmy Dale Pyland for $315,000 ($131.25 PSF). Built in 1961 the property is adjacent to Arizona Tile, also owned by the buyer. Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Rob Glaser, SIOR, CCIM, with Cushman & Wakefield | PICOR and Joshua Brown with Jackson & Cooksey, Dallas, TX, represented the buyer.

Tuczona 2, LLC purchased the 2,500-square-feet free-standing office building in the Eastern Submarket, located at 6475-6479 E. 22nd Street in Tucson. Michelle Minkus of Home Smart represented the buyer.  Bruce Suppes of CBRE represented the seller, The Family Trust, in the transaction. The purchase price was $200,000 ($80 PSF).

EAZ-BAKARETH LLC purchased a 2,159-square-foot freestanding former medical building in the Central Submarket, located at 3925 N 1^st Avenue in Tucson from Loren Cipolla and Marie Mendoza-Cipollo. The purchase price was $180,000 ($83 PSF) that included a second lot for expansion. The building was built in 1973 and was vacant at time of sale. The buyer purchased it for redevelopment as an assisted living home. Roy Drachman with Roy Drachman Realty Company of Tucson represented the seller and Tayyeb Ahmad with OZ Realty in Phoenix represented the buyer.

To learn more, see RED Comps # 4886, #4925, #4926 and #4927.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from March 13 thru 17, 2017.

INDUSTRIAL – 3510 S. CAMPBEL, TUCSON
Canyon Pipe & Supply Inc. leased 20,300-square-feet at 3510 S. Campbell from Encor Management, LLC.  Gary Emerson of GRE Partners, LLC handled the transaction for the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.884.8944[/mepr-show]

INDUSTRIAL – 3761 & 3763 E. 43 PLACE, TUCSON
Distribution International Southwest, Inc. renewed and also expanded their lease with JDLH Investments, LLC, for a total of 15,000-square-feet at 3759, 3761 and 3763 E. 43^rd Pl. in Tucson.    Distribution International is a leading supplier and fabricator of insulation and materials for the industrial, marine, commercial and government sectors. Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  JoRayne Tomlinson with Jackson & Cooksey, Dallas, TX, represented the tenant.

INDUSTRIAL – 2005 N. 13^th AVE., TUCSON
Sol Air Trucking renewed their lease for at 2005 N 13^th Avenue for a 13,828-sqaure-foot warehouse and truck facility.  Dave Gallaher with Tucson Industrial Realty LLC represented the landlord, Poets Corner LLC. [mepr-show rules=”58038″]Tenant Phone: 520.295.0589[/mepr-show]

RETAIL – 3780 S 16^th AVE., TUCSON
Burlington Mattress Co. signed a lease for an 8,000-square-foot freestanding building located at 3780 S. 16th Avenue, Suite H-01, Tucson, Arizona in Santa Cruz Plaza at the northeast corner of I-19 and Ajo Way. Burlington Mattress Co. was formed in October 2016 as a joint venture between 123 Mattress and Sealy Mattress Manufacturing. 123 Mattress has retail stores in 9 states and was rated one of the fastest growing companies in 2014 and was the #1 volume dealer for Sealy Mattresses in the country. Burlington Mattress, Co. has plans for a rapid expansion. They expect the Santa Cruz Plaza location to open April 1, 2017. Craig Finfrock, CCIM,  of Commercial Retail Advisors, LLC represented the Landlord, Santa Cruz Plaza LLC, and the Tenant, was represented by John Reva of JLL.

INDUSTRIAL – 8500 S NOGALES HWY, TUCSON
A&E Recycled Granite LLC leased 5,000-square-feet of warehouse and ½ acre land for a 5-year term.  Dave Gallaher of Tucson Industrial Realty LLC represented the owner, GRG Precision Properties.  Michael Coretz with Commercial Real Estate Group represented the tenant.

OFFICE – 5151 E. BROADWAY BLVD., TUCSON
Aura Solutions, LLC leased 3,095-square-feet of office space at 5151 E. Broadway Blvd., Suite 500 in Tucson, from KCI-Broadway, LLC, Scott Seldin-Broadway, LLC, Belmont-Broadway, LLC and Tucson 5151 Investments, LLC.  Cushman & Wakefield | PICOR handled this transaction.  Rick Kleiner, MBA and Tom Nieman, Office Specialists, represented the landlord; Paul Hooker, Industrial Specialist, represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $18.00 – $21.00 SF/YR Full Service[/mepr-show]

INDUSTRIAL – 1101 W. GRANT RD., TUCSON
DOWL, LLC leased 2,400-square-feet at 1101 W. Grant Rd., Suites 208 – 209 in Tucson, from Sloat Family Partnership, LLLP.  DOWL is a multi-disciplined consulting firm owned by senior managers from within the company. They have provided civil engineering and related services for more than 50 years. DOWL maintains in-house expertise in Environmental and Land Development, Water/Water Resources, Transportation, Civil Engineering and Geo-Construction.  Cushman & Wakefield | PICOR handled this transaction. Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists, represented the landlord; Isaac Figueroa, Office Specialist, represented the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.624.2530[/mepr-show]

INDUSTRIAL – 1870 W. PRINCE RD., TUCSON
RDY Metrology leased 2,120-square-feet in Exchange Place Business Center, 1870 W. Prince Rd., Suites 49 & 57 in Tucson, from Presson Corporation.  Rob Glaser, SIOR, CCIM and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 320 N. COMMERCE PARK LOOP,
Step Up to Justice leased 1,783-square-feet at 320 N. Commerce Park Loop in the Sentinel Building. Ian Stuart and Bruce Suppes represented the landlord in the transaction.[mepr-show rules=”58038″] Asking lease rate: $20.00 SF/YR Full Service[/mepr-show]

INDUSTRIAL – 132 E. AJO WAY, TUCSON
Mechanics Tool Service, LLC, leased 1,730-square-feet at 1321 East Ajo Way, Suite 101, they are a business that services hydraulic and pneumatic tools, including HVAC recovery systems. The space is located within Ajo Business Center, a retail and industrial project at Ajo Way and Benson Highway. Kevin Volk of Volk Company represented Ajo Business Center Limited Partnership. [mepr-show rules=”58038″]Tenant Phone: 5420.889.8484[/mepr-show]

INDUSTRIAL – 6902 N. CAMINO MARTIN, TUCSON
Carlson Engineering, Inc., leased 1,500-square-feet in Old West Business Park, located at 6902 N. Camino Martin, Suite 130 in Marana, AZ., from ACORN Ventures, LLC.  Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.623.1620[/mepr-show]

INDUSTRIAL – 227 E. VALENCIA RD., TUCSON
On the Level Installations, LLC leased 1,440-square-feet of industrial space at 227 E. Valencia Road. Gordon Wagner of NAI Horizons represented the tenant. of CBRE represented the landlord, MAS Real Estate Services, Inc. in the transaction.

OFFICE – 205-215 W. GIACONDA WAY, TUCSON
Javier and Anna Contreras and Matthew and Jennifer McPheron leased 1,175-square-feet of office space at 205-215 W. Giaconda Way, Suite 111 in Tucson, from Giaconda 205 Partners, LLC.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. George Hayduke with Westar Mortgage & Realty Corporation represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $15.00 SF/YR Modified Gross[/mepr-show]

INDUSTRIAL – 3957 E. SPEEDWAY BLVD., TUCSON
Pelican Management, LLC, dba The Pelican Company, leased 1,050-square-feet in Central Point Business Plaza, 3957 E. Speedway, Suite 201 in Tucson, from Central Point Tucson, LLC.  Cushman & Wakefield | PICOR handled this transaction.  Jeff Zellet, Commercial Specialist represented the landlord; Isaac Figueroa, Office Specialist, represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $0.49 SF/MO NNN[/mepr-show]

OFFICE – 5501 N. SWAN RD., TUCSON
Heritage Oracle, LLC, 5501 N. Swan Road, Suite 231, leased 1,005-square-feet of additional office space from Davinci Plaza, LLC, expanding its office space from 1,101-square-feet to 2,106-square- feet.  Michael Gross and Doug Richardson of Tucson Realty & Trust Co. represented the Landlord and Darrell Obert of 1st Heritage Realty represented the Tenant in the transaction.[mepr-show rules=”58038″] Asking lease rate: $15.00 SF/YR Full Service[/mepr-show]

OFFICE – 1601 N. TUCSON BLVD., TUCSON
Laurie Thomas, M.D. leased 700-square-feet at 1601 N. Tucson Blvd., Suite 2 in Tucson, from Derek Feng and Tifen Wang. Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Tim Deniro with Commercial Real Estate Group of Tucson represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $15.42 SF/YR Modified Gross; Tenant Phone: 520.547.5725[/mepr-show]

OFFICE – 5501 N. SWAN RD., TUCSON
Steve Washburn, leased approximately 581-square-feet of office space located at 5501 N. Swan Road, Suite 221, Tucson, Arizona, from Davinci Plaza, LLC.  Michael Gross and Doug Richardson of Tucson Realty & Trust Co. represented the Landlord and Darrell Obert of 1st Heritage Realty represented the Tenant in the transaction. [mepr-show rules=”58038″]Asking lease rate: $15.00 SF/YR Full Service[/mepr-show]

OFFICE – 5501 N. SWAN RD., TUCSON
Suncrest Wealth Management, LLP, 5501 N. Swan Road, Suite 225, leased 520-square-feet of additional office space from Davinci Plaza, LLC, expanding its office space from 581 square feet to 1,101 square feet.  Michael Gross and Doug Richardson of Tucson Realty & Trust Co. represented the Landlord in the transaction. [mepr-show rules=”58038″]Asking lease rate: $15.00 SF/YR Full Service; Tenant Phone: 520.989.9798[/mepr-show]

Login for lease rate, terms and contact information.

Submit sales and leases to REDailyNews@outlook.com.