TUCSON, Arizona — EJC Properties LLC and 18 Central LLC of Tucson, investment groups formed by Eddy Chernecki, recently sold Pima Professional Plaza at 5700 E Pima Street in Tucson for $2.165 million ($108 PSF).

The medical offices in a campus-style setting were built in 1978, and have nine office spaces in 20,041-square-feet on 2.23 acres. Located minutes from Tucson Medical Center and St. Josesph’s Hospital in the northeast submarket of Tucson, the property was fully leased when it sold to a Gilbert, Arizona Trust.

Aubrey Finkelstein with Vast Real Estate Solutions handled the leasing for the property and Rob Fischrup and Jon O’Shea also with Vast Real Estate Solutions handled the sale transaction.

Dana Elcess, Property Manager with Cushman & Wakefield | Picor will be handling the management for new owner.

Chernecki and Associates then purchased a value-add 53,450-square-foot office complex, Broadway Proper, at 7650-7670 E Broadway Blvd in Tucson for $1.35 million ($25 PSF). The property was almost 50% vacant when it sold located on Broadway near Pantano in eastern Tucson submarket.

Built in 1985, the property consists of six buildings two- and three-stories with an elevator and offices with open air patios overlooking a courtyard, French doors along perimeter, attractive landscaping set in quiet surroundings

The seller, The Arizona State Retirement System was represented by Dave Volk and Bruce Suppes with CBRE in Tucson.

The buyer was represented by Rob Fischrup and Jon O’Shea with Vast Real Estate Solutions.

For more information, Finkelstein, O’Shea and Fischrup can be reached 520.624.9400. Volk and Suppes should be contacted at 520.323.5100.

To learn more, see RED Comp #4220 and #4298.

Wetmore Office Plaza at 698 E Wetmore in Tucson sold for $4.6 million ($143 PSF) to 3430 Sunrise LLC (Eddy Chernecki, manager) in a 1031 exchange investment. The 32,253-square-foot, two story building was built in 1984 on 2.35 acres. Located at a highly visible and high traffic intersection, at the southwest corner of First Avenue and Wetmore Road in North Central Tucson.

The Class-B office space was approximately 95% occupied by 11 tenants when it sold.

David Benjamin with Marcus & Millichap in San Diego represented the seller, Tucson-based Town West Realty (James Horvath, manager). Jon O’Shea, Rob Fischrup and Eric Lamb with Vast Real Estate Solutions in Tucson negotiated the purchase for the investor.

Aubrey Finkelstein, also with Vast Real Estate Solutions will be handling the leasing of the property.

For more information, the Vast Real Estate Solutions team of O’Shea, Fischrup, Lamb and Finkelstein should be reached at 520.398.7104.

To learn more, see RED Comp #3589.[mepr-show rules=”58038″] Property sold at a 7.51% cap rate.[/mepr-show]

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DSBNG Craycroft, LLC (Senait and Duane Dyson, managers) purchased a 14,798-square-foot office building at 2222 N. Craycroft Rd. in Tucson from 2222 North Craycroft, LLC (Rob Glaser, manager) for $690,000 ($47 PSF). The building was constructed in 1964 on a one-acre lot at the northeast corner of Craycroft and Hampton, south of Grant.

The property had been used for various medical and other uses in the past. Buyers purchased it to occupy for a medical practice after renovating. Dr. Duane Dyson, MD, is a pediatrician and Dr. Senait Dyson, MD, a dermatologist.

Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller and Mark Irvin, SIOR, CCIM, with Mark Irvin Commercial Real Estate Services, represented the buyer in this transaction.

For more information, Glaser should be reached at 520.546.2707 and Irvin should be contacted at 520.620.1833

To learn more, see RED Comp #3639.

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The Town of Oro Valley Police Department purchased the building at 500 West Magee in Oro Valley for $315,000 ($63 PSF). The 5,030-square-foot office building sits on .48 acres and was constructed in 1985. The property had been vacant for several years and was purchased to be a substation and administrative offices for the Oro Valley Police Department.

Located in Magee Plaza, the property is west of Oracle on Magee Road.

Jeff Casper with CBRE in Tucson represented the seller, Coastline RE Holdings Corp. of Gilbert AZ and the buyer was self-represented.

For more information, Casper should be contacted at 520.323.5181.

To learn more, see RED Comp #3617.

Jacobus Avenue, LLC (Chris & Rose Faisch, managers) bought the industrial building at 711 S Jacobus and 555 E 18^th Street in Tucson for $1.94 million ($35 PSF). The buyer held a partial interest in the selling entity and was a tenant prior to sale dba AAA Old Pueblo Moving & Storage.

Built in 1978, the property was reportedly appraised at $2 million at time of sale.

The second tenant in the building is Maracana Indoor Soccer that occupies a portion of the building with AAA Old Pueblo Moving & Storage.

The buyer plans to continue to occupy property while leasing the remainder of building.

Jon O’Shea, Rob Fischrup and Eric Lamb with Vast Real Estate Solutions in Tucson represented the seller, 18 Central, LLC of Tucson (Eddy Chernecki, manager).

For more information, O’Shea, Fischrup and Lamb should be contacted at 520.398.7104.

To learn more, see RED Comp #3593.

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Wilbur Parsons of Sierra Vista, AZ purchased the property at 30 W Alturas in Tucson for $400,000 ($58 PSF) to owner occupy. The 6,930-square-foot industrial building was built 1973 and is completely fenced, with 2 bathrooms, one ADA, evap. cooled warehouse, showroom, break-room, gas services available, emergency eye wash, monument sign.

Building has approximately 2,000- square-foot office space with two private offices, and approximately 5,000-square-foot manufacturing area, two 10’x12’ roll up doors and is located on a 45,000-square-foot lot.

Ron Zimmerman, Industrial Specialist with Cushman & Wakefield | Picor represented the seller, French, LLC (Amy French, manager) and Roger Breckenridge with Long Realty of Tucson represented the buyer.

For more information, Zimmerman can be reached at 520.546.2735. Breckenridge should be contacted at 520.918.5813.

To learn more, see RED Comp # 3593.