TUCSON, Arizona — Modern Lift, Inc. (Bill and Mary Riley, owners) purchased an industrial building with yard at 6080 S Masterson Avenue in Tucson for $343,000 ($42 PSF).  Purchased for expansion of the business, the company is currently located at 3175 E 46^th Street in Tucson.

Modern Lift Inc offers sales, rental and repair of material handling equipment. A family owned business serving Tucson and surrounding areas since 1991, the company provides forklifts, golf carts, trucks and other various types of equipment requirements to handle any job.

Warehouses, shipping services, grocery stores and many other types of businesses depend on Modern Lift’s material handling services.

The new location is at the northwest corner of Bilby and Masterson, near Drexel and Palo Verde Roads.  The 8,125-square-feet building, built in 2009, is double their current warehouse space and a 1,000-square-foot office. The property has concrete loading and parking area in the front with a secure fenced yard on .80 acres.

The property was sold in an REO sale by Wells Fargo.

Pat Welchert of Cushman & Wakefield | Picor in Tucson represented both parties in the transaction.

For more information, Welchert can be reached at 520.546.2748.

To learn more, see RED Comp #4634.

March office sales totaled $8.9 million, and represented 43% of the office sales for first quarter 2017. The following is a few of those sales:

Siempre Juntos, LLC of Tucson purchased a 10,628-square-foot office building located at 3100 N. Campbell Ave. in Tucson, from Gibeault Office Company, LLC for $1,530,000 ($144 PSF).  Property sold with 2,212-square-feet vacant and a long-term tenant, Leoni Wiring in approximately 8,200-square-feet.

Rick Kleiner, MBA, and Tom Nieman, Office Specialists with Cushman & Wakefield | PICOR handled the transaction.  Rick Kleiner represented the seller, and Tom Nieman represented the buyer.

To learn more, see RED Comp #4693.

415 S. 6^th Avenue, LLC of Tucson (Ron Schwabe, manager) purchased a 15,736-square-foot building situated on 1.0 acre at 415 S. 6th Avenue in Tucson for $1.5 million ($95 PSF). The seller was Saint Augustine Cathedral Roman Catholic Parish.

Pat Welchert, SIOR, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Ron Schwabe with Peach Properties HM, Inc. was self-represented in the transaction.

To learn more, see RED Comp #4685.

Vasquez Construction Company, Inc. of Tucson purchased a 5,440-square-foot medical office building located at 1575 N. Swan Rd. in Tucson, from The Sumwalt Living Trust for $800,000 ($147 PSF) for investment. The property was fully leased at time of sale to three tenants.

Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction and  Chris Tsighis with Coldwell Banker represented the buyer.

To learn more, see RED Comp #4722.

Pinnacle Realty Investors, LLC of Tucson (Jarrett Reidhead, manager) bought the office building at 2430 E 6^th Street in an REO sale from U.S. Bank for $495,000 ($77 PSF). The property was sold 75% occupied by LifeShare. Buyer plans to occupy the remainder of the 6,400-suqare-foot building.

Joe Kimaz of Madison Commercial Properties represented the bank and Tim Bott of Bott-N-Sold Realty was representing the buyer.

To learn more, see RED Comp #4667.

Nardelli Building, LLC of Tucson (Vic Williams, manager) bought the property at 1636 N Swan Road for $475,000 ($51 PSF) from American Cancer Society. The office building is connected the buyer’s adjoining property to the north. Both properties share a common courtyard, elevator and other amenities. Property was formerly occupied by the American Cancer Society and was 100% vacant at time of sale.

Ian Stuart and Wyatt Campbell with CBRE represented the seller in the transaction. Tom Nieman with Cushman & Wakefield is leasing the space for buyer.

To learn more, see RED Comp #4635.

38 Patents, LLC of Tucson (Mike Rollins, member) purchased the Medical Condominium at 1601 N Tucson Blvd. #38 at Tucson Medical Square for $117,500 ($100 PSF). The condo has two offices, kitchen, restroom and storage. Buyer purchased to owner occupy.

Tari Auletta with KW Commercial represented the seller, The Chen Family Living Trust. Kristy Kelley with Long Realty represented the buyer.

To learn more, see RED Comp #4690.

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

OFFICE – 5151 E. BROADWAY BLVD., TUCSON
Goldblatt Systems, LLC renewed their lease at 5151 E. Broadway Blvd., Suite 1000 in Tucson, with KCI-Broadway, LLC, Scott Seldin-Broadway, LLC, Belmont-Broadway, LLC and Tucson 5151 Investments, LLC.  Goldblatt Systems expanded their space to a total of 11,405-square-feet of office space. Tom Nieman and Rick Kleiner, MBA, Office Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $18.00 – $21.00 SF/YR Full Service; Tenant Phone: 520.382.5999[/mepr-show]

INDUSTRIAL – 1200 E. AJO WAY, TUCSON
Honeywell International, Inc. leased 4,661-square-feet in the Ajo/Evans Business Park, 1200 E. Ajo Way, Suites 106 -108 in Tucson, from Ajo/Evans Business Park, LLC.  Pat Welchert, SIOR and Jeff Zellet with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Neil Schorr with Realty Insight Group, Inc., Plainview, NY, represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $0.50 SF/MO NNN; Tenant Phone: 520.886.6542[/mepr-show]

OFFICE – 1430 E. FORT LOWELL, TUCSON
Touchstone Behavior Health leased a 3,729-square-foot office property at 1430 E. Fort Lowell. The transaction was handled by David Montijo, Damian Wilkinson, and Jeff Casper of CBRE. [mepr-show rules=”58038″]Tenant Phone: 520.745.5244[/mepr-show]

RETAIL – 7507 E. BROADWAY BLVD., TUCSON
Right at Home, in home care and assistance, has leased 1,320-square-foot space at 7507 E. Broadway Blvd, moving April 1st to expand into larger space and easier to access for its employees and clients.  Nancy McClure, CBRE, represented the Landlord, Broadway Star Partners, LLC in the transaction.

RETAIL – 17 N. STONE AVE., TUCSON
Manzanita Concepts, who has plans to open a Nestlé Toll House Café by Chip, leased 1,308-square-feet of retail space at 17 N. Stone Avenue in downtown Tucson. David Blanchette of CBRE represented the tenant. The landlord was represented by Michael Laatsch of CBRE.

OFFICE – 4733 E. CAMP LOWELL DR., TUCSON
Dr. Jyotsna Sahni and her practice, Sleep Medicine, LLC, leased 1,300-square-feet at the Bondell Office Complex at 4733 E. Camp Lowell Dr.  Tucson, AZ  85712.  The Bondell Office Complex was built in 2000 in the Swan Corporate Center at Swan and Ft. Lowell Roads.  “This is the perfect location for Dr. Sahni.  Easy access, ideal size, engaged and cooperating landlord and most of all at a fair price.” said Robertson.  After a three month search, countless negotiations with landlords, a five year lease was finally executed at an undisclosed rate.  The landlord was Sue Bondell, CRS, CGI who represent herself with Bond Realty Company.  James P. Robertson Jr., CCIM, Senior Commercial Associate Broker with Realty Executives Tucson Elite, assisted the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.795.7750[/mepr-show]

OFFICE – 245 S. WILMOT RD., TUCSON
Quik Fix iPhone, LLC leased 1,280-square-feet at 245 South Wilmot Road from ATT 245 Marketplace, LLC.  The space is located within a new retail center known as 245 Marketplace, located just south of Corner Bakery. Other tenants in the center include One Stop Nutrition, Laser Rx, and Wilmot Nails.  Rick Borane and Jeramy Price of Volk Company handled a lease. [mepr-show rules=”58038″]Tenant Phone: 520.850.6637[/mepr-show]

INDUSTRIAL – 245 S. PLUMER AVE., TUCSON
SPE Electrical Services, LLC leased 1,200-square-feet in Commerce Industrial Plaza, 245 S. Plumer Ave., Suite 37 in Tucson, from Plumer Partners, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.65 SF/MO Modified Gross; Tenant Phone: 520.551.0636[/mepr-show]

INDUSTRIAL – 245 S. PLUMER AVE., TUCSON
Midtown Artisans, LLC leased 1,200-square-feet in Commerce Industrial Plaza, 245 S. Plumer Ave., Suite 20 in Tucson, from Plumer Partners, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.65 SF/MO Modified Gross[/mepr-show]

INDUSTRIAL – 220 E. 27^th ST., TUCSON 
Victor’s Performance Center leased 1,100-square-feet at 220 E. 27^th St., Suite D in Tucson, from Tin Cup Properties, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.67 – $0.68 SF/MO Industrial Gross[/mepr-show]

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
The Beauty Boutique leased 1,058-square-feet in Midway Business Park, 4500 E. Speedway Blvd., Suite 68 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]