TUCSON, ARIZONA – Plaza Encantada Office complex at 2802-2810 N Alvernon Way in Tucson sold for $1.275 million ($103 PSF) to a group of California investors, MBLA Tucson, LLC c/o MEI Real Estate Services of Los Angeles.

Plaza Encantada, the Enchanted Place, is full of southwestern charm. Located at the northeast corner of Alvernon & Glenn, it is a unique and exclusive office complex with 12,704 square feet, and 6 tenant spaces on 1.06 acres. Built in 1985, Plaza Encantada features a lush courtyard, French doors, skylights and covered parking.

The property was fully leased with such tenants as Life Cycles Arizona, Southwest Integrative Health, Tucson Homeopathy, Moss Meredith A PA, Pleasurebent Tours, Inc. and El Sol Consulting and Psychotherapy.

This is the first investment for the buyer in the Tucson market.

Mike Sandahl, Jeff Casper and Martin Encinas of CBRE in Tucson represented the seller, Ventana-Encantada in the transaction.

Dennis Dillon, Chelsea Novelli and Ed McKeegan with MEI of Los Angeles represented the investment group.

For more information, Sandahl should be contacted at 520.323.5115, Casper is at 520.323.5181 and Encinas can be reached at 520.323.5173. Novelli can also be contacted at 310.258.0444×119.

To learn more, login and see RED Comp #6350.

[mepr-show rules=”58038″]Sale date 11/16/2018. APNs: 110-06-134E, 113A, 130, & 131. Property sold at an 8.99% cap rate and was fully occupied at time of sale with 6 tenants.[/mepr-show]

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Aug. 20 thru 24, 2018.

OFFICE – 6450 N SWAN ROAD, TUCSON
Freight Services, Inc. leased 3,624-square-feet of office space at Top of Swan Professional Offices located at 6450 North Swan Road, suite 210. Jeff Casper of CBRE’s Tucson Office represented the landlord, Swan/Skyline Plaza, LLC, and Rajan Lal of Mandala Real Estate represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $19.50 SF/YR NNN[/mepr-show]

OFFICE – 302 EL CAMINO REAL, TUCSON
Community Medical Services Holdings, LLC leased 2,446 square feet of office space located at 302 El Camino Real, Building 10, Suite C and D from Richard d Oh. Bruce Suppes of CBRE’s Tucson Office represented the Tenant and Frank Moro with First West Properties represented the Landlord.

Submit sales and leases to REDailyNews@outlook.com

TUCSON, ARIZONA — BADA Holdings, LLC (Allison Duffy, Manager) bought a 5,520-square-foot office building from KLB Properties, LLC (Don Butler II, Manager) for $995,360 ($180 PSF). The property is located at 4534 – 4538 East Camp Lowell Drive in Camp Lowell Corporate Center at Swan and Camp Lowell.

The buyer exercised an option for Silverado Technologies also owned by Allison Duffy, that previously leased 65% of the building. Silverado will continue to lease the building with a second tenant, NFP Property and Casualty Services a Travelers Insurance firm in the remaining 1,932-square-foot office.

For 19 years Silverado has provided managed IT services to businesses in the Tucson area, and earned a reputation for exceptional customer service.  Silverado has been recognized with an Ethics in Business Award from the Better Business Bureau and a Customer Satisfaction score from Microsoft that placed the company in the Top 15% in the country.

With a team of engineers and technicians, Silverado’s knowledgeable and dependable experts have certifications from Microsoft, Cisco, VMware, and more.  To keep up with the ever-changing world of information technology and be a true IT advisor its clients.

As a full-service IT Managed Services Provider, Silverado Technologies offers:

• Services: Managed IT Support, Office 365, Local and Offsite Backup, Network Monitoring
• Solutions: Security, Cloud, Virtualization, Network Design, Disaster Recovery
• Partnership: Risk Assessments, Business Reviews, Technology Planning

Supporting small-to-medium sized businesses, as well as those in the health care sector, Silverado provides enterprise-level IT services, tailored to the client’s need and budget.

Dean Cotlow of Cotlow Company represented the seller.

Jeff Casper of CBRE’s Tucson Office represented the buyer.

Jeff Casper with CBRE told us, “The buyer exercised an option to purchase the property after occupying the space for one year in a five year lease and to control the space next door that sold with several years left remaining on that lease.”

For more information, Casper should be reached at 520.323.5181 and Cotlow can be contacted at 520.881.8180.

To learn more, see RED Comp #6076.