Downtown Tucson Law Office Sold for Investment Rehab

250 N Meyer Ave, Tucson, AZ

TUCSON, Arizona — A former law office at 250 N Meyer Ave. in Downtown Tucson sold to local investors, 250 N Meyer Investments LLC or Tucson (Ben Pozez and Michael Shiner, members) to renovate for lease. Located in Tucson’ s Central Business District, the one-story office building is situated at the northeast corner of Meyer Avenue and Council Street, a stone’ s throw away from all key downtown governmental buildings, the court system, museums and some of Tucson’ s best dining opportunities.

The property commanded a sale price of $682,500 ($90 PSF) in a short sale.

Originally constructed in 1956 as a single-family residence, the property was expanded and repurposed as a law office in 1971, and expanded again to its current size of 7,570-square-feet in 1978. Then completely renovated again in 2008.

The property consists of two contiguous parcels that total 19,109-square-feet.  It is zoned HO-3 (office zoning) which allows for office, medical, civic, and other similar land uses.

The seller, 250 N Meyer LLC (John Battaile and Alexandra Altfeld, members), was an owner occupant doing business as Battaile & Altfeld Law Firm for about 40 years there, and had designed the property as an attorneys’ office.  It is ideal for that use, but buyers are also ready to do a custom repurpose for a new use and new tenant.

Unlike most buildings downtown, it does have its own 24 on-site parking spaces that are controlled by a drop gate controlled access system, Pozez told us. The building’ s amenities include a landscaped courtyard view from several of the offices, and a fireproof walk-in vault for storage of documents and valuables.

Mark Irvin, CCIM, of Mark Irvine Real Estate Services in Tucson represented the seller and Michael Shiner of CXT Realty negotiated for the buyer as agent and one of the principles in the transaction.

For more information, Irvin should be contacted at 520.620.1833. For leasing information, Pozez can be reached at 520.237.9924.

To learn more, login for additional information.

 

[mepr-show rules=”58038″]Sale date: 3/30/2017. Property was vacant at time of sale. Document #2017-0890491. APNs: 117-10-101 & 100A. All cash deal. [/mepr-show]

 




Tucson Lease Report March 6 – 10, 2017

Tucson Lease report 3-13-16The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from March 6 thru 10, 2017.

INDUSTRIAL – 4175 S. FREMONT AVE., TUCSON
Filter Products Corp. leased 11,406-square-feet at 4175 S. Fremont Ave., Suites 102-103 in Tucson, from Doubletree Investments, Inc.  Since 1967, Filter Products Corporation has proudly served customers around the world. They save individuals and companies thousands of dollars each year by providing competitive pricing and superior service.  Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Tim Healy with CBRE, Inc. represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $0.55 SF/MO Modified Gross; Tenant Phone: 520.889.5781[/mepr-show]

RETAIL – 8981 E. TANQUE VERDE RD., TUCSON
Canyon Rose Academy leased 8,537-square-feet of retail space at 8981 E. Tanque Verde Road in the Bear Canyon shopping center. Peter Villaescusa and Jesse Person of CBRE and Melissa Lal, CCIM, and Andy Seleznov, CCIM, of Larsen Baker represented the landlord in the transaction. This will be the fifth location for Rose Management Group in Tucson and will be open for the 2017 fall semester. [mepr-show rules=”58038″]Asking lease rate: $13.00 -$35.00 SF/YR NNN; Tenant Phone: 520.514.5112[/mepr-show]

OFFICE – 6565 E. CARONDELET DR., TUCSON
Genesis OB/GYN, PC renewed their lease with Tucson 6565 Medical Properties, LLC, and expanded their office space to a total of 7,198-square-feet at 6565 E. Carondelet Dr. in Tucson.  Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Mark Irvin, SIOR, CCIM, with Mark Irvin Commercial Real Estate Services, LLC represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.392.7500[/mepr-show]

INDUSTRIAL – 4281 S. SANTA RITA RD., TUCSON
Larry Howard leased 4,695-square-feet at 4281 South Santa Rita Road, Tucson. The space, which features both dock and grade-level loading, is located within Tucson Business Park and will be used for distribution. Kevin Volk of Volk Company represented 4275 Santa Rita LLC the landlord.

RETAIL – 1702 S. WINMORE AVE., TUCSON
Centro Familiar Getsemani leased 4,000-square-feet at 1702 S. Winmor Avenue in Tucson from International Evangelistic Mission.  Denisse Angulo-Badilla, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 2026 E. PRINCE RD., TUCSON
Ft. Lowell Realty & Property Management, Inc. leased 3,513-square-feet of office space at 2026 E. Prince Rd. in Tucson, from Prince Road Professional Plaza, LLC.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord.  The tenant represented themselves in this transaction. [mepr-show rules=”58038″]Asking lease rate: $16.00 SF/YR Modified Gross; Tenant Phone: 520.322.0000[/mepr-show]

RETAIL – NW CORNER of I-19 and IRVINGTON RD., TUCSON
Southern Arizona Urgent Care leased 3,500-square-feet of retail space in Tucson from Irvington Interstate Partners, LLC.  Situated at the northwest corner of I-19 and Irvington Rd. in the Fashion Park Shopping Center, this will be the eighth Southern Arizona Urgent Care location serving the Tucson market.  Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant. Alan Tanner and Brig Stevens with Bourn Advisory Services, LLC, represented the landlord in this transaction.

RETAIL – 7401 N. LA CHOLLA BLVD., TUCSON
American Red Cross leased 2,985-square-feet of office space in the Foothills Mall, 7401 N. La Cholla Blvd. in Tucson, from FHM Partners.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, and Peter Omundson with Jones Lang LaSalle Americas, Inc., represented the tenant in this transaction.

RETAIL – 4508 E. BROADWAY BLVD., TUCSON
The Little Bird Nesting Company will be moving May 1st to a 2,504-square-feet of retail space at 4508 East Broadway Blvd. in the Midstar Plaza shopping center. The tenant was represented by Jeramy Price of the Volk Company. Nancy McClure of CBRE represented the landlord, Midstar Partners, LLC in the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.203.7372[/mepr-show]

RETAIL – 541-599 W. 4th ST, BENSON
Asian Bistro, LLC leased 2,480-square-feet at Butterfield Plaza; Dave Dutson and Ben Craney, with NAI Horizon represented both landlord and tenant in this transaction.

RETAIL – 2890 E. SKYLINE DR., TUCSON
San Antonio Shoe, Inc., leased approximately 2,384-square-feet at Plaza Colonial, 2890 East Skyline Drive, Suite 190. The Landlord, Plaza Colonial LLC, was represented by David Carroll of Romano Real Estate. Debbie Heslop, CCIM, of Volk Company represented San Antonio Shoe, Inc. [mepr-show rules=”58038″]Tenant Phone: 520.327.4127[/mepr-show]

OFFICE – 9356 E. RITA RD., TUCSON
Patriot Internal Medicine, LLC leased 2,236-square-feet of medical office space at 9356 E. Rita Rd., Suite 140 in Tucson, from TMC Holdings, Inc.  Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.398.7079[/mepr-show]

OFFICE – 1152 N. CRAYCROFT RD., TUCSON
Dempsey’s Boarding Care, LLC has leased 2,177-square-feet at 1152 N. Craycroft Road, from Deebco Properties.  Andrew D. Sternberg and Robert J. Nolan of Oxford Realty Advisors handled the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.829.6047[/mepr-show]

INDUSTRIAL – 3865 E. 34th ST., TUCSON
ProLam Plus, SP leased 2,095-square-feet in Alvernon Business Center, 3865 E. 34th St., Suite 101 in Tucson, from AP & D Investments, LLP.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.45 SF/MO Industrial Gross; Tenant Phone: 520.398.7079[/mepr-show]

INDUSTRIAL – 305 S. EUCLID AVE., TUCSON
II-VI Optical Systems, Inc. leased 1,875-square-feet at 305 S. Euclid Ave., Suite 103 in Tucson, from Pascoe Investment-Arizona, LLC.  II-VI Optical Systems is a leading provider of high precision optical assemblies, systems and components for the defense/security, aerospace, medical and commercial industries.  Russell W. Hall, SIOR, GSCS and Stephen D. Cohen, Industrial Specialists with Cushman & Wakefield | PICOR, and Broker Assistant, Kelly Fickle handled this transaction.

RETAIL – 3630 W. TANGERINE RD., MARANA
Dove Mtn. Treats, LLC, dba Dairy Queen, leased 1,800-square-feet of retail space in The Shoppes at Tangerine Crossing, 3630 W. Tangerine Rd. in Marana, from Old Lobos T & T, LLC.  Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Rommie Mojahed with SVN / Desert Commercial Advisors represented the tenant.

RETAIL – 1830 E. BROADWAY BLVD., TUCSON
Walgreens leased 1,800-square-feet in the Marketplace On Broadway, located at the southwest corner of Broadway Blvd. and Campbell Ave. in Tucson, from Broadway Tucson Investors, LLC.  Greg Furrier and Rob Tomlinson, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $14.00 – $19.00 SF/YR NNN[/mepr-show]

RETAIL – 4990 S. CAMPBELL AVE., TUCSON
Boost Mobile leased 1,600-square-feet of retail space at 4990 S. Campbell Ave., Suite 100 in Tucson, from Sabre-Campbell, LLC.  Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 4400 E. BROADWAY BLVD., TUCSON
Dominic Escamilla Financial Services, LLC, leased approximately 1,577-square-feet of office space located at 4400 E. Broadway Boulevard, Tucson, Arizona, from 4400 Broadway, LLC. Michael Gross of Tucson Realty & Trust Co. represented the Landlord and Bob Herd of Excelsior Real Estate, represented the Tenant in the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.298.9411[/mepr-show]

RETAIL – 1011 N. TYNDALL, TUCSON
Core Campus Tucson I LLC leased 1,570-square-feet on the ground floor of The Hub, a 592-bed student housing tower at 1011 North Tyndall. The tenant was represented by John Ash of CBRE. Debbie Heslop, CCIM, of Volk Company represented Core Campus Tucson I LLC.

RETAIL – 1608 S. CRAYCROFT RD., TUCSON
1602-1608 South Craycroft LLC leased 1,513-square-foot building at 1608 South Craycroft Road to Karina Terrazas and Mirna Alcaraz, to open a piñata store to serve the surrounding area. The building was formerly a child care center, and it is adjacent to a 2,550-square-foot, freestanding, former Circle K building that is currently available for lease. Kevin Volk of Volk Company represented 1602-1608 South Craycroft

INDUSTRIAL – 1101 W. GRANT ED., TUCSON
Miner Southwest, LLC renewed their lease for 1,500-square-feet at 1101 W. Grant Rd., Suite 201 in Tucson, from the Sloat Family Partnership, LLLP.  Miner® is North America’s facility expert in equipment installation, repairs and asset management solutions to reduce customer costs and improve uptime, creating a safer and more sustainable environment. Cushman & Wakefield | PICOR handled this transaction.  Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, represented the landlord.  Jeff Zellet represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.623.7881[/mepr-show]

RETAIL – 1335 W.LAMBERT LANE, ORO VALLEY
I Touch Day Spa leased 1,459-square-feet of retail space at Shops at Oro Vista; Jayme Fabe, with NAI Horizon represented the landlord and James Robertson with Realty Executives International represented the tenant in this transaction.

OFFICE – 2380 N. FERGUSON AVE., TUCSON
Charles Krone, M.D., P.C. renewed their lease for 1,316-square-feet of medical office space at 2380 N. Ferguson Ave., Suite 102 in Tucson, from TMC Holdings, Inc.  Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $20.00 SF/YR Modified Gross; Tenant Phone: 520.795.7260[/mepr-show]

INDUSTRIAL – 1870 W. PRINCE RD., TUCSON
Integrated Audio Video Solutions, LLC leased 1,200-square-feet in Exchange Place Business Center, 1870 W. Prince Rd., Suite 64 in Tucson, from Presson Corporation.  Rob Glaser, SIOR, CCIM and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.900.7292[/mepr-show]

OFFICE – 3959 E SPEEDWAY BLVD., TUCSON
Wound Care USA, LLC leased 844-square-feet of office/warehouse space in Central Point Business Plaza, 3959 E. Speedway Blvd., Suite 316 in Tucson, from Central Point Tucson, LLC.  Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 621 N GRAND AVE., NOGALES
Prestige of Nogales leased 500-square-feet of retail space at 621 N. Grand Ave., Suite A in Nogales, Arizona, from Angel T. Mendoza.  Denisse Angulo-Badilla, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.397.0167[/mepr-show]

OFFICE – 4560 E. BROADWAY BLVD., TUCSON
Environmental Risk Services, Inc. leased 179-square-feet of office space in Midstar Plaza, 4560 E. Broadway Blvd., Suite 224 in Tucson, from Midstar Partners, LLC. Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 8987 E. TANQUE VERDE RD., TUCSON
Fitness Training LLC assumed and extended the Crossfit Fixx lease at 8987 East Tanque Verde Road, Suite 353. The Landlord, Bear Canyon Associates, LLC, was represented by Melissa Lal, CCIM, of Larsen Baker. Jeramy Price of Volk Company represented Framework Fitness Training LLC




Tucson Lease Report January 3-6, 2017

Tucson Lease report 3-13-16The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from January 3 thru 6, 2017.

OFFICE – 6400 E. GRANT RD., TUCSON
BroadPath, Inc. leased a total of 15,259-square-feet of office space, located at 6400 E. Grant Rd. in Tucson, from La Mirada, LLC.  BroadPath renewed their original lease for 9,703 square feet and also expanded an additional 5,556-square-feet.  Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord and Mark Irvin, SIOR, with Mark Irvin Commercial Real Estate Services, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $16.50 SF/YR Full Service; Tenant Phone: 520.342.5400[/mepr-show]

RETAIL – 1045 N. KOLB RD., TUCSON
Steven Tilden and Dung Thi Tilden and Serene Nail Spa & Reflexology, L.L.C. leased 1,380-square-feet at 1045 North Kolb Road, Tucson. The space is located at the southwest corner of Speedway and Kolb within Sunburst Plaza, which includes tenants such as Pizza Hut, Cricket, and H&R Block. Dave Hammack of Volk Company represented the landlord, Sunburst Plaza, L.L.C.

Login for additional lease information.

Submit sales and leases to REDailyNews@outlook.com