TUCSON, ARIZONA – Tempe investors bought the multitenant retail pad at 1570 E Tucson Marketplace Blvd. in Tucson. Located in the Tucson Marketplace within The Bridges Master Plan. The Bridges Master Plan is a 400-acre vital Tucson retail, commercial and employment hub serving Central Tucson, Downtown Tucson, the University of Arizona, and beyond. The Regional Center includes a Walmart Supercenter, Costco, Planet Fitness, Century Theatres, McDonald’s, Popeye’s, Taco Bell, a hotel under construction, and more.
The 9,175-square-foot building on 1.5 acres was built in 2013 and had 3,000-square-foot vacant when it sold with a tenant in tow by buyer. Tenants in the property included NextCare Urgent Care, Your CBD Store, AT&T Store and Great Clips.
The asset sold for $3.075 million ($335 PSF).
Brenna Lacey with Volk Company in Tucson represented the seller / developer, Fullerton Tucson Marketplace and Joey Castillo of Volk Company represented the investor, R&P Properties (Patrick Hagestad, manager).
“This prime location got a lot of attention,” said Lacey. “It has significant upside in the lease-up of the existing vacancy, which is a high-profile endcap space with drive-thru potential and buyer had a tenant in tow.”
For more information, Lacey should be contacted at 520.495.2233 and Castillo can be reached at 520.495.2234.
To learn more, see RED Comp #8717.