Southern Arizona CCIM Chapter Conversation Corner for April

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 16th 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. 36th 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. 5th 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 8th click here.

 




Tucson Lease Report May 22 – 26, 2017

Tucson Lease report 3-13-16The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from May 22 thru 26, 2017.

OFFICE – 6221 S. PALO VERDE RD., TUCSON
Centene Management Company, LLC leased 60,405-square-feet of office space at 6221 S. Palo Verde Rd. in Tucson, from Wabash Hillcrest Regency, LP.   Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR, and Scott Bazoian, Executive Managing Director, Cushman & Wakefield (St. Louis, MO.), represented the tenant in this transaction.  Tim Healey and Bob DeLaney, CBRE, Inc., represented the landlord.

INDUSTRIAL – 3775 E. 34th ST., TUCSON
AB46 Investments, LLC has leased 52,533-square-feet at 3775 E. 34th Street, for a 5 year term, from 3775 East 34th Street, LLC.  Robert Nolan of Oxford Realty Advisors represented the Tenant and Robert Glaser of PICOR represented the Landlord in the transaction.

INDUSTRIAL – 4700 S. PARK AVE., TUCSON
Arizona Postmaster, Inc. renewed their lease for 21,000-square-feet at 4700 S. Park Ave., Suites 1 – 6 in Tucson, from Ohio Street Building No. 2, Ltd. LLLP.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Payson MacWilliam with Colliers International AZ, LLC represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 623.537.3700[/mepr-show]

INDUSTRIAL – 2106 N. FORBES BLVD., TUCSON
American Refrigeration Supplies, Inc. leased 20,078-square-feet at 2106 N. Forbes Blvd., Suites 101 and 102 in Tucson, from MRI Saddlehorn Investments II, LLC.  ARS has 31 locations nationwide, distributing refrigeration equipment and supplies in Arizona, California, New Mexico, Nevada, Texas and Virginia.  Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.622.3655[/mepr-show]

INDUSTRIAL – 3875 N. COMMERCE DR., TUCSON
HD Supply Construction Supply, Ltd. renewed their lease for 16,966-square-feet at 3875 N. Commerce Dr. in Tucson, from Saguaro Blossom Properties, LLC.  HD Supply is one of the largest industrial distributors in North America. The company provides a broad range of products and value-add services to approximately 500,000 customers with leadership positions in maintenance, repair and operations, water infrastructure and residential and non-residential construction sectors. One of this company’s leading businesses includes HD Supply Construction & Industrial – White Cap.  White Cap, America’s leading supplier of specialty hardware, tools and engineered materials and safety products for medium-to-large contractors, is in Tucson.  Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.792.9448[/mepr-show]

OFFICE – 1121–1141 N. EL DORADO PL., TUCSON
Dependable Home Health, Inc. leased 12,292-square-feet of office space in El Dorado Professional Plaza, 1121 – 1141 N. El Dorado Pl. in Tucson, from HSL Dorado Place Office, LLC. Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Buzz Isaacson with CBRE, Inc. represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.721.3822[/mepr-show]

OFFICE – 6350 MARANA CENTER BLVD., TUCSON 
Northwest Hospital, LLC leased 2.20-acres located at 6350 Marana Center Blvd. in Marana, AZ, from 6350 Marana, LLC.  Northwest Hospital will be constructing an 11,000-square-foot, freestanding emergency facility on this site.  Jim Eaton with Geis Realty Group, Inc. (Wayne, PA), and Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.  Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR represented the landlord.

INDUSTRIAL – 845 E. OHIO ST., TUCSON
LISCO leased 10,000-square-feet of industrial space at 845 E. Ohio St., Suite 109 in Tucson, from 845 E. Ohio, LLC.   Brandon Rodgers, CCIM, Principal, 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: $0.44 SF/MO Modified Gross[/mepr-show]

OFFICE – 2102 N. FORBES BLVD., TUCSON
Mettler–Toledo Thorton, Inc. leased 8,050-square-feet at 2102 N. Forbes Blvd., Suites 103-107, in Tucson, from East Park VI Holding Company, LLC.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.792.0780[/mepr-show]

INDUSTRIAL – 722 46th ST., TUCSON
Allison Limousine, LLC leased 6,470-square-feet at 722 E. 46th St. in Tucson from El Gato Investment Two, LLC.   Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.888.5466[/mepr-show]

INDUSTRIAL – 3311 N. CHAPEL AVE., TUCSON
CrossFit 520 leased 5,033-square-feet at 3311 N. Chapel Ave. in Tucson, from Long Far Investments, LLC.  Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.78 SF/MO Modified Gross; Phone: 520.465.7014[/mepr-show]

INDUSTRIAL – 3640 S. CAMPBELL AVE., TUCSON
M.A.V. Roofing, LLC leased 5,000-square-feet at 3640 S. Campbell Ave., Units 1 and 2 in Tucson, from Strauss Revocable Living Trust.  Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in transaction. [mepr-show rules=”58038″]Tenant Phone: 520.280.0834[/mepr-show]

RETAIL – NE CORNER of E. IRVINGTON RD. and S. CAMPBELL AVE., TUCSON
United States Military Recruiting leased 4,875-square-feet of retail space in the Fry’s Kino Gateway Commercial Center, located at the northeast corner of E. Irvington Rd. and S. Campbell Ave. in Tucson, from Kino Gateway Center, LLC.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 4581 S. BUTTERFIELD DR., TUCSON
Southwest Institute for Bio-Advancement (SWIBA) leased a 4,528-square-foot industrial building located in Butterfield Business Center, 4581 S. Butterfield Dr. in Tucson, from La Bajada Land Company, LLC.  SWIBA is an Arizona based non-transplant anatomical donation organization established to give interested donors the option to make a meaningful difference in the lives of others. Stephen D. Cohen, and Russ Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.795.0660[/mepr-show]

RETAIL – NW CORNER of HARRISON RD. and OLD SPANISH TRAIL, TUCSON
BodyCentral Physical Therapy, PC leased 3,770-square-feet in the Harrison Plaza Shopping Center, located at the northwest corner of Harrison Rd. and Old Spanish Trail in Tucson, from NWC Harrison Plaza, LLC.  BodyCentral has offered and provided the Tucson community with quality, evidence-based treatment for all musculoskeletal problems since its opening in 2001.  This will be their seventh location serving the Tucson market.  Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord and the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.325.4002[/mepr-show]

RETAIL – 8060 E. 22nd ST., TUCSON
Medmar Tanque Verde, LLC leased 3,600-square-feet in Parkview Place Shopping Center, 8060 E. 22nd St. in Tucson, from 8060 E. 22nd Street, LLC.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR handled this transaction.

INDUSTRIAL – 614 S. CHERRY AVE., TUCSON
King Mesquite, LLC leased 2,730-square-feet at 614 S. Cherry Ave. in Tucson, from Prieta, LLC.   Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, represented the landlord in this transaction.   Alan Moore with Chapman Lindsey Commercial Real Estate Services represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $0.68 SF/MO Modified Gross; Tenant Phone: 520.271.1909[/mepr-show]

INDUSTRIAL – 6906 N. CAMINO MARTIN, MARANA
Japan Karate Federation leased 2,700-square-feet in Old West Business Park, 6906 N. Camino Martin, Suite 140 in Marana, AZ., from Acorn Ventures, LLC.  Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Nicholas Pafford and John Hamner with Keller Williams Southern Arizona represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.403.5194[/mepr-show]

RETAIL – 3805 W. RIVER RD., TUCSON
GEOST, Inc. leased 2,400-square-feet at the Shoppes at Orange Grove The space is located at 3805 West River Road, Suite 161. Other tenants in the center include Freedom Smoke USA and Sherwin Williams. Alan Moore of Chapman Lindsey represented the Tenant. Jeramy Price and Kevin Volk of Volk Company represented the landlord, Orange Grove Center, LLC. [mepr-show rules=”58038″]Tenant Phone: 520.308.5551[/mepr-show]

OFFICE – 2020 E. PRINCE RD., TUCSON
Wellbeing Institute, Inc. leased 2,337-square-feet of office space in Prince Road Office Park, 2020 E. Prince Rd. in Tucson, from Prince Road Professional Plaza, LLC. Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  John Yarborough with Romano Real Estate Corporation represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.225.0584[/mepr-show]

RETAIL – 22nd ST and HARRISON RD., TUCSON
Card Smart leased 1,950-square-feet in Spanish Trail Plaza located at the northwest corner of 22nd St. and Harrison Rd. in Tucson, from 22nd Harrison, LLC.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction.[mepr-show rules=”58038″]Tenant Phone: 520.347.2776[/mepr-show]

RETAIL – 6401 S. COUNTRY CLUB RD., TUCSON
ARCpoint Labs leased 1,890-square-feet at Airport Business Plaza, 6401 S. Country Club Rd., Suite 105 in Tucson, from ABP, LLC.  Jeff Zellet and Pat Welchert, SIOR, with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Mike Lindeman, with NAI Global Corporate Solutions (Castle Pines, CO), and David Montijo and Damian Wilkinson, with CBRE, Inc., represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 480.339.0062[/mepr-show]

OFFICE – 180 W. FORT LOWELL RD., TUCSON
True Song KTV, LLC leased 1,555-square-feet at 180 W. Fort Lowell Rd. in Tucson, from R Legacy Irrevocable Trust.  Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Jim Robertson with Realty Executives Tucson Elite represented the tenant.

INDUSTRIAL – 3534 – 3538 N. ROMERO RD., TUCSON 
Southern Arizona Maintenance Service, LLC renewed their lease for 1,500-square-feet at 3534–3538 N. Romero Rd., Suite 136 in Tucson from Costa Verde Investments, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 6894 N. CAMINO MARTIN, MARANA
Sampson’s Plumbing and Rooter leased 1,500-square-feet in Old West Business Park, 6894 N. Camino Martin, Suite 110 in Marana, AZ., from Camino Martin Partners II, LLC.  Cushman & Wakefield | PICOR Industrial Specialists handled this transaction.  Max Fischer represented the tenant, and Brandon Rodgers, CCIM, Principal, represented the landlord in this transaction.[mepr-show rules=”58038″] Asking lease rate: $0.70 SF/MO Modified Gross; Tenant Phone: 520.965.4797[/mepr-show]

RETAIL – 5655 E. RIVER RD., TUCSON
Rejuvenation Spa, LLC leased 1,481-square-feet of retail space at 5655 E. River Road in the River Center. Jason Wong of Crestline Properties represented the tenant. Pete Villaescusa and Jesse Peron of CBRE represented the landlord, GRI River Center, LLC, in the transaction.

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Posse Tactical International, Inc. leased 1,272-square-feet in Midway Business Park, 4500 E. Speedway Blvd., Suite 113 in Tucson, from Presson Midway, LLC. Rob Glaser, SIOR, CCIM and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.76 – $0.80 SF/MO Modified Gross[/mepr-show]

OFFICE – 10371 N. ORACLE RD., TUCSON
A New Horizon Tutoring leased 1,265-square-feet of office space at 10371 N. Oracle Rd., Suite 103 in Oro Valley, AZ., from The Lake Investment Group, LLC. Tom Nieman, Office Specialist, with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Bob Davis with Tango Commercial Real Estate, LLC represented the tenant.

RETAIL – 3015 E. SPEEDWAY BLVD., TUCSON
Radtke Corporation, Inc. leased 1,245-square-feet at 3015 E. Speedway Blvd. in Tucson, from Mahoney Family Partnership.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction.

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
PoleFiction leased 1,202-square-feet in Midway Business Park, 4500 E. Speedway Blvd., Suite 72 in Tucson, from Presson Midway, LLC.  Rob Glaser, SIOR, CCIM and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Nicholas Pafford and John Hamner with Keller Williams Southern Arizona represented the tenant.[mepr-show rules=”58038″] Asking lease rate: $0.75 – $0.80 SF/MO Modified Gross[/mepr-show]

RETAIL – SE CORNER of FORT LOWELL RD. and COUNTRY CLUB RD., TUCSON
Notorious Hair and Nail Salon leased 1,200-square-feet in Winterhaven Square Shopping Center, located at the southeast corner of Fort Lowell Rd. and Country Club Rd. in Tucson, from Glover Associates, LP.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.795.8366[/mepr-show]

RETAIL – 22nd ST. and HARRISON RD., TUCSON
Harrison Foot Spa leased 1,200-square-feet in Spanish Trail Plaza, located at the northwest corner of 22nd St. and Harrison Rd. in Tucson, from 22nd Harrison, LLC.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 1200 N. EL DORADO PL., TUCSON
Maria S. Posadas, M.D. leased 1,187-square-feet of office space in El Dorado Square, 1200 N. El Dorado Pl., Suite E-520 in Tucson, from El Dorado Ventures, LLC. Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $17.90 SF/YR Full Service; Tenant Phone: 520.382.2948[/mepr-show]

OFFICE – 3275 W. INA RD., TUCSON
GBA Financial Concepts, Inc. leased 1,042-square-feet in Ina Corporate Center, 3275 W. Ina Rd., Suite 217 in Tucson, from CALDOR Investments of Arizona, LLC.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $17.00 SF/YR Full Service; Tenant Phone: 520.332.4725[/mepr-show]

OFFICE – 1661 SWAN RD., TUCSON
Jennifer Balistreri leased 965-square-feet of office space in the Smart Building, 1661 Swan Road. David Montijo and Damian Wilkinson of CBRE represented the landlord, DHS Property Investments, in the transaction. [mepr-show rules=”58038″]Asking lease rate: $16.00 – $19.00 SF/YR Full Service[/mepr-show]

OFFICE – 1200 N. EL DORADO PL., TUCSON
Edward D. Jones & Co., LP leased 912-square-feet of office space in El Dorado Square, 1200 N. El Dorado Pl., Suite F-646 in Tucson, from El Dorado Ventures, LLC. Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Chris Hollenbeck with Cushman & Wakefield U.S., Inc. represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $17.90 SF/YR Full Service; Tenant Phone: 520.777.7616[/mepr-show]

INDUSTRIAL – 3925 E. 29th ST., TUCSON
Victor and Veronica Martinez leased 910-square-feet in Midpoint Business Plaza, 3925 E. 29th St., Suite 405 in Tucson from Presson Midpoint, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

INDUSTRIAL – 3925 E. 29th ST., TUCSON
Quality Carpentry, LLC leased 815-square-feet in Midpoint Business Park, 3925 E. 29th St., Suite 404 in Tucson, from Presson Midpoint, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.240.0494[/mepr-show]

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
1st Capitol Realty & Management Company, LLC leased 800-square-feet in Midway Business Park, 4500 E. Speedway Blvd., Suite 75 in Tucson, from Presson Midway, LLC.  Rob Glaser, SIOR, CCIM and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.75 – $0.80 SF/MO Modified Gross; Tenant Phone: 520.887.6544[/mepr-show]

INDUSTRIAL – 3941 E 29th ST., TUCSON
Optima Flooring, LLC leased 750-square-feet in Midpoint Business Plaza, 3941 E. 29th St., Suite 605 in Tucson, from Presson Midpoint, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.72 SF/MO Modified Gross; Tenant Phone: 520.977.2240[/mepr-show]

For more information login. Submit sales and lease information to REDailyNews@outlook.com




Commercial Kitchen Sells in Tucson for $540,000

24, 26,38 & 44 E Flores StreetThe industrial property at 24, 26, 38 & 44 East Flores Street in Central Tucson sold for $540,000 ($74 PSF) to Tucson Shared Kitchen LLC of Phoenix (Kimberly Kammann, manager).

The property consists of two buildings, a 2,500-square-foot warehouse / storage building (built 1953) and a 4,825-square-foot commercial kitchen, built 1951 The kitchen included some equipment that was included in the sale price. Fixtures included a large stainless steel vent hood, fire suppression system, grease trap, two mop drains, and two walk-in coolers, one with freezer.

Property sits on .63 acre at Flores and Stone in Central Tucson.

The buyer purchased the property to continue to operate it as a commercial kitchen.

John Hamner, CCIM, and Gary Best, CCIM, with Keller Williams Southern Arizona in Tucson represented the seller, R & G Food Services, Inc that was also an owner user dba Latitude Kitchen and Catering prior to sale.

Dean Cotlow of Cotlow Company in Tucson represented the buyer.

For more information, Hamner can be reached at 520.907.0030 and Best is at 520.444.0799. Cotlow should be contacted at 520.881.8180.

To learn more, see RED Comp #3715.