Twin Peak Plaza Building in Marana Trades for $2 Million
TUCSON, Arizona — A Twin Peaks Plaza building at 7555 West Twin Peaks Road in Marana sold for $2 million ($234 PSF). Situated at the new Twin Peaks and I-10 interchange in the Northwest submarket, the buyer traded up in a 1031 exchange.
The 8,540-square-foot building is a portion of Twin Peaks Plaza, built in 2008 on .95-acres and includes two tenants, The Springs Church and Twin Peak Veterinary. The property was 100% leased at time of sale.
The property is near the new Simon Property’s Premium Outlet Mall, a portion of Marana Center Power Center that will include an Auto Mall and Hotels when complete.
The seller, CJR at Twin Peaks LLC, principal, Gary Heinfeld, CCIM, was self-represented in the transaction.
Wocky Redsar and Tari Auletta, CCIM, with Keller Williams of Southern Arizona represented the buyer, John Kai Jr. LLC of Tucson.
For more information, Heinfeld is at Advisors in Real Estate, Inc. and can be reached at 520.299.0700. Auletta and Redsar should be contacted at 520.615.8400.
This property was listed on RED Listing Registry. To learn more, see RED Comp #4561.