TUCSON, ARIZONA — The River 5, LLC (Otto R Bohon, Jr., manager) purchased a 3,926-square-foot office condominium, Suite 208, located in Mesquite Corporate Centre, 1640 E. River Rd. in Tucson. The class-A office condominium was purchased from the George and Jane Caughman Family Trust of California for $778,989 ($198 PSF).
The buyer, dba Catalina Investment, purchased it to owner occupy and is moving from its currently leased space at 1660 E River Road #180, also in Mesquite Corporate Centre.
Thomas J. Nieman, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction. Brenna Lacey with Volk Company represented the buyer.
The 2,313-square-feet of office space at 1660 E. River Road in Tucson vacated by Catalina Investments was then sold to KC Posse, LLC (Robert Keith Newlon, manager) for $424,000 ($183 PSF). The single-tenant office condominium, Unit 180, was purchased from Webcor, LLC to be owner occupied by an affiliate business dba Pioneer Title.
Thomas J. Nieman, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.
For more information, Nieman should be reached at 520.546.2728 and Lacey can be contacted at 520.326.3200.
To learn more, see RED Comp #6861