4651 N First Avenue, Tucson
TUCSON, AZ (October 23, 2025) -- Jeramy Price and Dave Volk of VOLK Company have completed the sales of two office buildings located at 4641 and 4651 North First Avenue in Tucson, representing the seller, North First Partners LLC.
The 4,177-square-foot building on a 23,592-square-foot parcel at 4641 North First Avenue sold for $492,515 to 4641 North First, LLC, which will continue to occupy the property as the Allegro School of Music. The buyer was represented by Natalie Furrier and Greg Furrier of Cushman & Wakefield | PICOR.
The adjacent property at 4651 North First Avenue, which totals 6,553 square feet on a 10,675-square-foot lot, was sold in July 2025 for $688,000 to Hope Gateway Residence LLC.
North First Partners LLC originally acquired multiple buildings between 4615–4651 North First Avenue in November 2024 as part of a small office investment portfolio. The recent transactions mark the completion of the portfolio’s disposition, reflecting continued investor activity along the North First Avenue corridor, where older professional and medical office buildings have drawn renewed interest from both owner-users and adaptive-reuse buyers.
Located just north of Prince Road, the corridor offers convenient access to the University of Arizona, Banner Medical campus, and major midtown employers. Recent trades in the area underscore the strength of Tucson’s small office owner-occupant market, as buyers continue to seek affordable, centrally located space amid limited new construction and rising lease rates.
Source: RED Comps #11983 and #12131.