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NORTHEAST SUBMARKET
Smile Spa dental office at 2494-2498 East River in Tucson transferred to Dr. Manu Alexander from the retiring Dr. Mickel Malek for[mepr-show rules=”58038″] $1.65 million ($220 PSF). The property consists of two legal condominiums at Hacienda Del Sol Office Complex (built 2004) that total 7,500 square-feet. The buyer is also taking over the practice from the retiring Dr. Malek and will owner occupying the suites.

JOHAJISO, LLC (Joanne Haupert and James Soward) of Tucson purchased the 1,751 square-foot office at 4858 East Broadway for $210,000 ($120 PSF). The office was built in 1962 and is located in Hoffman Addition on a 10,905 square–foot lot. The seller was Gethman Charitable Remainder Unitrust. We were unable to determine the broker(s) involved in this transaction.

Daniel and Christina Reichardt and James Gosses of Tucson purchased the 1,268 square-foot office at 1160 N Craycroft Road for $92,150 ($73 PSF). The property was a former massage studio built in 1972. The seller was Murray Rulney of Tucson. We were unable to determine if there were broker(s) involved in this transaction.

CENTRAL SUBMARKET
Barrel Cactus Properties, LLC (Miriam Holly Klaiman) of Tucson bought the 1,236 square-foot office at 3050 N Country Club Road in Tucson for $140,000 ($113 PSF). The property was built in 1974. The seller was Kuang Chang Chow as trustee. We were unable to determine whether or not there were broker(s) involved in this transaction.

Mugga Investments, Inc. (Frederick and Jayne Shaffer) of Tucson acquired the 4,508 square-foot office at 3130 N Dodge Blvd. in Tucson for $225,000 ($50 PSF). The property was built in 1973 on a 17,650square foot lot. The seller was Our Family Services, Inc., a non-profit organization in Tucson. We were unable to determine whether or not there were broker(s) involved in this transaction

SOUTH SUBMARKET
Jose Jimenez of Tucson purchased two office buildings at 4855-4863 S 12th Avenue in South Tucson for $300,000 ($105 PSF) for the 1,087 square foot building (built 1982) on 8,209 square-foot lot and the 1,764 square foot building (built 1961) on the same size lot, 8,209 square-feet.. The buyer occupied the adjoining property at 4841 S 12th Ave prior to the sale. We were unable to determine whether or not there were broker(s) involved in this transaction.

EAST SUBMARKET
4337 East 5th Street, LLC (Raymond Magnuson) of Tucson dba Magnuson Insurance Associates bought the 1,103 square-foot building to owner occupy for his insurance firm at 4337 E 5th Street in Tucson for $160,000 ($145 PSF). The building was built in 1978 on a 6,825 square-foot lot. The seller was DuPont Properties, LLC (William and Elizabeth Ross) of Tucson. Tony Reed of Long Realty in Tucson represented the buyer in the transaction. Pat Welchert of Picor was representing the seller.

Reed can be contacted at (520) 918-5189. Welchert is at (520) 546-2748.[/mepr-show]

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[ismember]2494 E River – sale date: 8/23/2013. sale price $1,65,000 down payment $45,000 financed conventionally.

4858 E Broadway – sale date 7/17/2013. sale price $210,000. We were unable to determine down payment, if any.

1160 N Craycroft  sale date 8/19/2013. sale price $92,150. $56,075 down payment with seller carryback for balance.

3050 N Country Club – sale date 8/19/2013. sale price $140,000. All cash transaction.

3130 N Dodge Blvd – sale date 7/1/2013. sale price $225,000. All cash transaction.

4863 S 12th Ave. – sale date 7/31/2013. sale price $300,000. $50,000 down payment with seller carryback for balance.

4337 E 5th Street – sale date 9/13/2013. sale price $160,000. we were unable to determine down payment, if any. Documents show conventional financing. [/ismember]

Cushman & Wakefield | PICOR, Tucson’s leading independently owned, full-service commercial real estate company, boosted its brokerage group with Ron Zimmerman joining this week. A 30-year Tucson commercial real estate veteran, Zimmerman was most recently with Newmark Grubb Knight Frank where he was top producer.  While at Newmark Grubb Knight Frank,  Zimmerman managed the disposition of hundreds of industrial, retail and office properties in Southern Arizona.

He has also worked with various districts of the U.S. Bankruptcy Court to liquidate commercial properties. Zimmerman continues to represent financial institutions in the disposition of commercial properties as well as investors searching income properties. Zimmerman will also continue to serve his numerous clients as landlords and sellers in the Tucson commercial marketplace specializing in industrial properties, from his new office at Cushman & Wakefield | Picor.

Zimmerman should be contacted at (520) 321-3352 or visit C&W | Picor at www.PICOR.com for more information.

These five owner/ user retail sales in Tucson, listed by submarket, have a combined total of $1.6 Million. Only one was a distress sale. All represent business owners who decided it time to take the leap into property ownership.

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[mepr-show rules=”58038″] NORTHEAST SUBMARKET
L & L Pool Services of Tucson (Lonnie Lominac) purchased a 2,400 square foot retail building on a 13,000 square foot lot at 2900 N. Country Club Road in Tucson from Complete Landscaping, Inc. of  Tucson (Billy Gibson) for $425,000 ($177 PSF). The property is zoned C-1 and previously occupied by seller for a landscaping business, complete with fenced yard. This move represents a substantial expansion, and consolidation for L & L Pools. Russell W. Hall, SIOR, GSCS and Stephen D. Cohen Principals and Industrial Specialists with Cushman & Wakefield | PICOR of Tucson, represented the buyer in this transaction while Fernando Acevedo with KW Commercial of Tucson represented the seller.

Old Pueblo Industrial Products, LLC of Tucson (Amanda Tobak) acquired Industrial Chemical of Arizona of Tucson (Leslie Smith) business and real estate at 5302 E Pima Street in Tucson. The 3,360 square foot building at 5302 E Pima was purchased for $220,000 ($65 PSF) and the business purchased separately. Industrial Chemical of Arizona is a cleaning supplies specialist, focusing on the maintenance and restoration of carpets, natural tile, concrete, wood, clay and brick for the kitchen, restroom and showroom. The business has been selling cleaning products in Tucson, Arizona for over 36 years, since 1977. They provide products of over 200 vendors. The financing was handled by SBA.

EAST SUBMARKET

Pyramid Glass, LLC of Tucson (Eugene Zavala), a newly formed business, purchased 6,185 square feet at 2011 S. Alvernon Way in Tucson from Vantage West Credit Union for $162,000 ($26 PSF) in an REO sale. Brandon Rodgers, CCIM, and Aaron LaPrise, Commercial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

Ker Haus, Inc. of Tucson (John Stanek, President) dba Mercedes-Benz Repair by Benztek Automotive, purchased the property that it was occupying as a tenant at 4610 East 1st Street in Tucson for $275,000 ($68 PSF). The 4,020 square foot concrete block building (built 1986) on a 16,800 square foot fenced lot was sold by Malco Enterprises of Las Vegas, NV (John Mallo, President).

Bucking Bronco, LLC of Tucson (Al and Bonnie Bianco) purchased the 7,916 square foot retail building known as “Al’s Ace Hardware” at 4010 E 29th Street in Tucson for $554,120 ($70 PSF). Built in 1986, the property was previously leased by the buyer. The seller was JAB 29th Street Corporation as successor in interest to J.A.B. Corporation of Tucson (Gary Fletcher, President). Al’s Ace Hardware is locally owned and operated since 1988.

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2900 N Country Club: sale date 8/16/2013. Down payment was $28,800., Zoned C-1, Tucson.
5302 E Pima St: Sale date 7/2/2013. Down payment was $15,400. Zoned C-1, Tucson
2011 S Alvernon Way: ale date 8/29/2013. Down payment was $8,000. Zoning C-2(AE), Tucson.
4610 E 1st Street: Sale date: 8/9/2013. Down payment was $98,250. Zoned C-2, Tucson
4010 E 29th Street: Sale date: 7/31/2013. All cash deal. Zoned C-2, Tucson [/mepr-show]