TUCSON, ARIZONA – Earlier this year, Tucson South Development Group LLC, an affiliate of Long Development Corporation (David Long, president) purchased 5.34-acres south of the southeast corner of Indian Agency Rd and Valencia Rd in the Midvale Park Shopping Center in Tucson, Arizona to split into two lots.
The construction of a 21,702-square-foot Tractor Supply store with 15,000-square-foot fenced outdoor display area was constructed at 1715 W Valencia that recently sold for $5.075 million ($234 PSF) in a net lease sale to IS Corporation of Boca Raton, Florida.
The remaining 2.68 acre undeveloped pad sold to WG Midvale Holdings LLC, an affiliate of Whirlygig Properties of Tucson (Barry Kitay and Lynn Taylor, principles) for $1 million ($8.57 PSF).
The buyers purchased to develop a Goodwill Store on this site adjacent to the Tractor Supply store
The Goodwill store at 1680 W Valencia Road will be expanding into this location when complete. Located near the new 104,000-square-foot Fry’s Supermarket along Valencia Road, a major arterial road serving the southwest submarket of Tucson, neighboring tenants include Walmart Supercenter, Lowe’s and several banks and restaurants.
Bryan Babits with Western Retail Advisors of Phoenix represented the seller and the buyer was self-represented in the transaction.
For more information, Long should be contacted directly at 602.574.0731.