TUCSON, ARIZONA - Local businessmen, Ernest and Frances Santa Cruz purchased 2,042-square-feet of Auto Shop Repair space located at 5058 S 12th Ave in Tucson. The single-tenant, free-standing building was purchased from the Raul Encinas Castillo for $150,000 ($73 PSF).
The buyer has been a tenant in the building for quite some time prior to purchase, dba E&F Transmission and will continue to occupy it as an owner user.
Isaac Figueroa, CCIM, Managing Director with BFL Ventures, represented the seller in this transaction.
For more information, Figueroa should be reached at 520.882.4800 and to learn more, see RED Comp #7624.
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A Tucson business, Catalina Coffee LLC (Darren Mills and Brandon Kenney), dba Roadrunner Coffee, opened its first coffee shop and drive thru in 2008, at 9665 N Thornydale Rd, Ste. 110 in Marana. Roadrunner is expanding and recently purchased 0.70 acres of commercial land located at 1545-1551 W. Wetmore Rd. in Tucson, from Matthew J. and Bernadette T. Giustino for $130,000 ($2 PSF).
The buyer purchased to build a drive-thru coffee kiosk on the site located across from the Tucson Auto Mall and near the Tucson Mall, building plans are waiting approval.
Max Fisher and Ramiro Scavo with Cushman & Wakefield | PICOR, represented the seller in the transaction and John Hamner and Julian Willetts with RE/MAX Excalibur represented the buyer.
For more information, Fisher can be reached at 520.465.9989 and Scavo is at 520.546.2764. To speak to Hamner, call 520.907.0030 or Willetts at 520.820.2231.
To learn more, see RED Comp #7615.
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Local developer, Larsen Baker, bought 6.4 acres near the Amazon Distribution Center, at 6251 South Kolb Road in Tucson for $750,000 ($2.69 PSF) from Northern Trust Bank of Phoenix.
The large commercial zoned site is at a busy intersection, at Valencia and Kolb, and within close proximity to major daytime employment hubs such as Davis-Monthan Air Force Base & U of A Science and Technology Park. It has great access to Interstate 10 & Tucson International Airport. With Valencia Road widening now complete, the site is ready for retail development and Larsen Baker is banking on the area's growth.
Pete Villascusa and Jesser Peron with CBRE Tucson represented the seller in the transaction and Andy Seleznov and Melissa Lal represented the investors.
For more information, Villascusa and Peron can be reached at 520.323.5100 while Seleznov and Lal are at 520.296.0200.
To learn more, see RED Comp #7583.