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On Feb. 15, 2013 AutoZone Development Corporation (NYSE:AZO) paid[mepr-show rules=”58038″]$550,000 for a 34,620 sq. ft. parcel ($15.89 per foot) at 8825 E Broadway Blvd. for construction of an AutoZone store from Vladimir Katz of Tucson.

The property is located northwest of Camino Seco on Broadway, with C-1 zoning.
This will be AutoZone’s 17th store in the Tucson area. Stores typically range in size from 6,500 sq. ft to 8,000 sq. ft.

Fred Ludwig, Real Estate Development Manager, reported that AutoZone Development will be general contractor for the project.

During the quarter ended February 9, 2013, AutoZone opened 32 new stores in the U.S. and opened nine new stores in Mexico. As of February 9, 2013, the Company had 4,735 stores in 49 states, the District of Columbia and Puerto Rico in the U.S., 334 stores in Mexico, and one store in Brazil for a total store count of 5,070.

AutoZone will host a conference call this morning, Tuesday, February 26, 2013, beginning at 10:00 a.m. (EST) to discuss its second quarter results. Investors may listen to the conference call live and review supporting slides on the AutoZone corporate website, www.autozoneinc.com by clicking “Investor Relations,” “Conference Calls.” The call will also be available by dialing (210) 839-8923. A replay of the call and slides will be available on AutoZone’s website. In addition, a replay of the call will be available by dialing (203) 369-1211 through Tuesday, March 5, 2013 at 11:59 p.m. (EST).

Vladimir Katz can be reached at (520) 548-1712. Fred Ludwig of AutoZone is at (901) 495-7296.

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On February 12, 2013, Roland E Johnson of Hialeah, FL sold two duplexes at 4440 –4444 East Pima St., Tucson, AZ 85712 for[mepr-show rules=”58038″]$352,000 ($64 per foot), or $88,000 per unit, to Vijaya & Vidya Sagar Chada of Tucson. The two 2,744 sq. ft. buildings, on separate tax codes (122-12-300C & 300E), are on a 22,080 sq. ft lot zoned R-2 (built 1997).

The seller purchased the properties separately in 2001 and 2002 while living in Tucson for a total of $391,000 ($71.25 per foot), or $97,750 per unit.

The 1,372 sq. ft units are 3-bedroom / 2-bath town homes in two-stories located in a small gated community in Central Tucson, between Belvedere Ave and Catalina Ave. west of Swan. Amenities include tile floors on the first floors and carpeting upstairs, a master suite with private bath and large vanity, tiled showers with dual shower heads, private access to covered patios, high ceilings and fireplace in living room.

There was one vacant unit at time of sale with an asking rent of $1,000 per month. Hussein Alsaidi of Absolute Realty in Tucson is the leasing agent.

Hussein Alsaidi of Absolute Realty was the listing agent representing the seller and Bette David-Arnold of Tierra Antigua Realty was the selling agent who represented the investor.

Vijaya and Vidya Cada can be reached at (520) 629-4882. Contact Hussein Alsaidi of Absolute Realty at (520) 808-7439. Bette Davis-Arnold of Tierra Antigua Realty is at (520) 688-8222.

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On Feb 11, 2013 Canadian owned, Acana Capital Corp. (CNSX:APB), Eugene Beukman, CEO, through a wholly owned subsidiary, Acana Capital USA, Inc., completed its acquisition of 100 per cent of the shares in two LLCs controlled by a shareholder of the Company, Lakhwindar Janda of the Janda Group, LLC and in so doing, acquired the following real estate projects:

An office / warehouse building at 5575 S Houghton Rd in Tucson, AZ for the purchase price of $2.3 million (USD) or about $74 per square-foot. Purchase delivered to the vendor as a $1.3 million (USD) convertible debenture and a $1 million promissory note. The convertible debenture bears interest at 4% per annum, due in 5-years, and is convertible to preferred shares of the Company. The promissory note is due on demand and bears an interest rate of 3% per annum.

The 31,042 sq. ft building, constructed in 1997, is located on 3.09 acres and sold vacant; accordingly the vendor reduced its price from a $3 million asking price to market value. The building is currently divided into 5,341 sq. ft fully air conditioned office space and 25,701 sq. ft. manufacturing / warehouse space, formerly occupied by Global Solar Energy and Medusa Machinery. The company anticipates leasing the building and has it marketed exclusively by Peter Douglas of Picor Commercial Real Estate a Cushman Wakefield Company of Tucson.

The second property acquired was more than 74 acres of farm land in Courtland, CA for $400,000 (USD) paid in cash. Acana had previously been in negotiations to acquire the California land but the transaction did not complete. The vendor reduced its price by $100,000 (USD) and accordingly Acana Capital USA completed the transaction at this reduced rate.

Acana Capital Corp. portfolio, with ownership interests in Canada, California and now Arizona, is valued at approximately $6 million in real property.

Acana Capital Corp. was formed June, 2007 in British Columbia, Canada. The company’s principal activity is the acquisition and development of real properties. The Company’s head office, registered office and record office are all located at Suite 200 – 8338 120th Street, Surrey, BC, V3W 3N4 Eugene Beukman and Lakhwinda Janda can be reached at (604) 592-6881. Peter Douglas of Picor is at (520) 546-2711.