Former Nimbus Brewery and Restaurant Building Sold for More Than $1.4 Million
Tucson, Ariz. – CBRE has completed the sale of the former Nimbus Brewery and Restaurant building at 6464 E. Tanque Verde Road in Tucson. The property commanded a sale price of $1.415 million ($168 PSF).
Pete Villaescusa and Jesse Peron with CBRE’s Tucson office negotiated on behalf of the seller, McMahon Properties, LLC of Tucson. Jim Egan and Ryan Egan of Prime Commercial Real Estate represented the buyer, All Real Property, Inc. of Camp Verde, Arizona.
“Any long time Tucson resident remembers when this building was Bobby McGee’s,” said CBRE’s Villaescusa. “The building is located in the heart of the old restaurant row area of Tucson, and it will provide a new restaurant operator with a great, well-known location.”
The sale of the property was part of a bankruptcy sale and included restaurant equipment left in the building. Former-tenant Nimbus closed in 2013 after the brewery filed for Chapter 11. Landlord/property owner and local restaurateur Bob McMahon, owner of McMahon, Inc., then also filed for Chapter 11 in early 2014. In May of this year, the court converted it to Chapter 7 and ordered liquidation of all assets.
Zoned C-2, which allows for a restaurant or bar operation, the property is located in the heart of Tucson’s restaurant district. The building is approximately 8,439 square feet and is situated on just over two acres of land. The new ownership team plans to market the property for new restaurant/bar uses.
To learn more Villaescusa and Peron should be reached at 520.323.5100 and Jim and Ryan Egan can be called at 520. 512.1000.
See also RED Comp #3125.
Former NIMBUS Brewery Fetches $1.42 Million
6464 E Tanque Verde Rd, Tucson, AZ
TUCSON, AZ – The former NIMBUS Brewery and Restaurant building was sold for $1.415 million ($168 PSF) for the vacant 8,439-square-foot restaurant located at 6464 E Tanque Verde Road in the heart of the restaurant district.
NIMBUS Brewery & Restaurant was a tenant and closed in 2013 after the brewery filed for Chapter 11. The landlord and seller was McMahon Properties, LLC of Tucson, owned by restauranteur, Bob McMahon, who in early 2014 also filed for Chapter 11 before the court converted it to Chapter 7 and ordered the liquidation of assets in May 2015.
This transaction was part of that bankruptcy sale and included restaurant equipment left in the building. The property is 2.19 acres of land zoned C-2 which allows for a restaurant or bar operation. It has approximately 154 parking spaces, almost double the code requirements for a restaurant.
The buyer is All Real Property, Inc. of Camp Verde, AZ (Shalom Laytin, CEO) that purchased property for investment. Jim and Ryan Egan of Prime Commercial Real Estate handled the transaction for the buyer.
Pete Villaescusa and Jesse Peron with CBRE in Tucson represented the seller.
To learn more Villaescusa can be reached at 520.323.5112 and Peron is at 520.323.5130. Jim Egan and Ryan Egan should be contacted at 520.512.1000.
For additional information login and see RED Comp #3125.
[mepr-show rules=”58038″]Sale date: 4/16/2015. Sale price: $1,415,000 with $1,379,646.50. Price included $300,000 in personal property in restaurant equipment. This was a reverse exchange for buyer.[/mepr-show]
Tucson Lease Report – July 21 – 25, 2014
Tucson Lease Report
The following commercial leases were reported to Real Estate Daily News for the Tucson Lease Report from July 21 – 25, 2014.
INDUSTRIAL – 4585 E. SPEEDWAY BLVD., TUCSON
Brown Mackie College Tucson, Inc. renewed their lease of 31,471-square-feet at 4585 E. Speedway in Tucson from CS&Z Holdings, Inc. Tom Nieman, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.
RETAIL – 11085 N. ORACLE RD., TUCSON
Circus Furniture LLC leased 19,700-square-feet at Steam Pump Village, located at 11085 N. Oracle Rd. in Tucson, AZ, from Oracle Partners LLC. Doug Marsh and Robert Nolan of Oxford Realty Advisors, Inc. represented Oracle Partners LLC. [mepr-show rules=”58038″] Phone: 520-777-3354[/mepr-show]
RETAIL – 3741 EB I-10 FRONTAGE RD., TUCSON
Performance Cycle, LLC, the Tucson dealer for KTM, Triumph, Kawasaki, Hyosung and Husqvarna motorcycles and ATVs, renewed their leased for 13,440-square-feet at 3741 EB I-10 Frontage Rd. in Tucson from Peacock Investment Builders Tucson I, LLC. Rob Glaser, SIOR, CCIM, Stephen D. Cohen, and Russell W. Hall, SIOR, GSCS, Principals and Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.[mepr-show rules=”58038″]Phone: 520-622-2780[/mepr-show]
INDUSTRIAL – 3440 BRITANNA DR., TUCSON
Advalue Photonics has leased 11,387-square-feet of flex industrial space at Britannia Business Center located at 3440 Britannia Dr. in Tucson. This lease marks an expansion for the locally-based photonics company as they relocate from a previous location that totaled 7,479 square feet. The landlord, Britannia Tucson, LLC, was represented by Bill Di Vito and Jesse Blum with CBRE’s Tucson office. The tenant was represented by Rob Glaser with PICOR.[mepr-show rules=”58038″]
Phone: 520-790-5468[/mepr-show]
INDUSTRIAL – 4246 E. TENNESSEE ST., TUCSON
Dave Rundall leased 9,765-square-feet at 4246 E. Tennessee St. in Tucson from Wingfoot Commercial Tire Systems, LLC. Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, and J. T. Walker with Mohr Partners, Inc. handled the transaction.
OFFICE – 603 N. WILMOT RD., TUCSON
Core Source, Inc., leased approximately 8,564-square-feet of office space at 603 N. Wilmot Road, Suite 100, Tucson, Arizona, from Magnum Realty, LLC. Doug Richardson of Tucson Realty & Trust Co. represented the Landlord and P. Kane Dossett of Partners National, represented the Tenant in the transaction. The building is now 100% leased.[mepr-show rules=”58038″]Phone: 520-290-4600[/mepr-show]
RETAIL- 11 S. AVE., TUCSON
Gibson Market, LLC leased 6,000 square feet at 11 S. Ave. from Gibson Family, LLC. Tom Knox, SIOR, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.
RETAIL – 6522 E. 22ND ST., TUCSON
Advantage Medical Products leased 4,921 square feet at 6522 E. 22nd in Tucson from Tierra del Sol Commercial Center, LLC. Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord and tenant in this transaction. [mepr-show rules=”58038″]Phone: 520-750-7553[/mepr-show]
INDUSTRIAL – 2018 E. 14th ST., TUCSON
Eric Touhey and Adrienne Yarnish leased 2,750-square-feet at 2018 E. 14th St. in Tucson from Michael and Jeanne Williams. Jeff Zellet and Brandon Rodgers, CCIM, with Cushman & Wakefield | PICOR, represented the landlord in this transaction.
INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Counsel Industries, LLC leased 2,400-square-feet at 4500 E. Speedway, Suite 47/48 from Presson Midway, LLC. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled these transactions. [mepr-show rules=”58038″]Phone: 520-320-0680[/mepr-show]
$0.53 SF/MO NNN
INDUSTRIAL – 262 S. PLUMER AVE., TUCSON
Air Maintenance Heating and Cooling, LLC leased 2,370-square-feet at 262 S. Plumer Ave. in Tucson from Keller Associates, Inc. Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″] Phone: 520-449-2431[/mepr-show]
OFFICE – 310 N. WILMOT RD., TUCSON
AZ Business Consultants, LLC, has leased 2,343-square-feet of office space at Academy Medical Office Center located at 310 N. Wilmot Rd. in Tucson. The landlord, Scottsdale-based REIT Healthcare Trust of America, was represented by CBRE’s David Montijo and Jeff Casper. The tenant was represented by Matthew Hinrichs with ORION Commercial Partners.[mepr-show rules=”58038″]$19.50 SF/YR Modified Gross[/mepr-show]
INDUSTRIAL – 2420 W. RUTHRAUFF, TUCSON
Sun Devil Fire Equipment, Inc., dba Wildcat Fire Protection leased 2,160-square-feet at 2420 W. Ruthrauff, Suite 100 in Tucson from Presson Scottsdale, LLC. Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Phone: 520-792-9911; $0.65 SF/MO Modified Gross[/mepr-show]
INDUSTRIAL – 1870 W. PRINCE RD., TUCSON
Bretstar, Inc. dba D & M Painting leased 1,440 square feet at 1870 W. Prince, Suite 12 from Presson Corportation. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled these transactions.[mepr-show rules=”58038″]Phone: 623-869-8217; $0.74 SF/MO Modified Gross[/mepr-show]
INDUSTRIAL– 1870 W. PRINCE RD., TUCSON
Vertech Industrial Systems, Inc. leased 1,440 square feet at 1870 W. Prince, Suite 20 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″] Phone: 520-207-7538; $0.74 SF/MO Modified Gross[/mepr-show]
RETAIL- 2485 N. SWAN RD., TUCSON
Connect Wireless has leased 1,400-square-feet of retail space at Cornerstone Plaza located at 2485 N. Swan Rd. in Tucson. The tenant was represented by Jesse Peron and Peter Villaescusa. The landlord, Heights Properties, LLP, was represented by Jim Egan and Ryan Egan of Prime Commercial Real Estate. [mepr-show rules=”58038″] Phone: 520- 297-7986[/mepr-show]
INDUSTRIAL – 1870 W. PRINCE RD., TUCSON
Comp-Ray, Inc. dba Catalina Radiographics leased 1,200-square-feet at 1870 W. Prince, Suite 56 from Presson Corporation. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled these transactions. [mepr-show rules=”58038″]Phone: 520-887-5778; $0.74 SF/MO Modified Gross[/mepr-show]
RETAIL – 4518 E. BROADWAY BLVD., TUCSON
Metro PCs has leased 1,200-square-feet of retail space at Midstar Plaza located at 4518 E. Broadway Blvd. in Tucson. The landlord, Midstar Partners, LLC, was represented by Nancy McClure and Michael Laatsch with CBRE’s Tucson office. The tenant was self-represented.
INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Express Interlock, LLC dba Quick Start Ignition leased 1,200-square-feet at 4500 E. Speedway, Suite 46 from Presson Midway LLC. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled these transactions. [mepr-show rules=”58038″] Phone: 888-717-8278; $0.53 SF/ MO NNN[mepr-show rules=”58038″]
INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Cass Cura, LLC leased 1,060-square-feet at 4500 E. Speedway, Suite 105 from Presson Midway LLc. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled these transactions. [mepr-show rules=”58038″] Phone: 602-799-2446; $0.53 SF/MO NNN[mepr-show rules=”58038″]
INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Alchemy DUI Services leased 938-square-feet at 4500 E. Speedway, Suite 69 from Presson Midway, LLC. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled these transactions. [mepr-show rules=”58038″]Phone: 520-628-1455; $0.53 SF/MO NNN[/mepr-show]
INDUSTRIAL – 3855 S. EVANS BLVD., TUCSON
Materials Innovare, LLC leased 932-square-feet in the Ajo/Evans Business Park at 3855 S. Evans Blvd, Suite 401 from Ajo/Evans Business Park, LLC. Jeff Zellet and Pat Welchert, SIOR, with Cushman & Wakefield | PICOR, represented the landlord. Gordon Wagner with Coldwell Banker represented the tenant in this transaction.
OFFICE – 5930 E. PIMA ST., TUCSON
Arizona Small Business Accounting, Inc. (A.S.B.A.) leased 877-square-feet at 5930 E. Pima St., Suite 116 from 5930 E. Pima, Inc. Jeff Zellet and Pat Welchert, SIOR, with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Phone: 520-325-9131; $14.00 SF/YR Modified Gross [/mepr-show]
INDUSTRIAL– 3933 E. 29th ST., TUCSON
Global Support Services, LLC leased 795-square-feet at 3933 E. 29th St., Suite 504 in Tucson from Presson Midpoint, LLC. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.
OFFICE – 3790 E. 44th ST., TUCSON
Cr8ive Metal Design leased 750-square-feet at 3790 E. 44th St., Suite 252 in Tucson from Rich Rodgers Investment, Inc. Brandon Rodgers, CCIM, with Cushman & Wakefield | PICOR, handled this transaction.
OFFICE – 1200 N. EL DORADO PL., TUCSON
Nutritional Services of Southern Arizona leased 635-square-feet at 1200 N. El Dorado Pl., Suite I-905 from El Dorado Ventures, LLC. Tom Knox, SIOR, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord. [mepr-show rules=”58038″]Phone: 520-296-6368; $18.00 SF/YR Full Service[mepr-show rules=”58038″]
Tucson, Ariz. – CBRE has completed the sale of the former Nimbus Brewery and Restaurant building at 6464 E. Tanque Verde Road in Tucson. The property commanded a sale price of $1.415 million ($168 PSF).
