TUCSON, AZ (June 25, 2025) — Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Westside Commons, an 84-unit apartment property located at 1335 West St. Mary’s Road in Tucson, Arizona. The asset sold for $10,750,000.
“Following a comprehensive and well-executed renovation program, Westside Commons is now well-positioned for the next phase of performance. With substantial capital already deployed to enhance the asset, new ownership can shift focus toward operational execution and NOI growth without the burden of a major repositioning effort,” said Hamid Panahi, senior managing director. Panahi and Clint Wadlund, managing director, both in the firm’s Tucson office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was also procured by Panahi and Wadlund. “Located just west of Downtown Tucson, and driven by healthcare, education, manufacturing, and retail employment generators, Westside Commons offers both commuter convenience and access to an expanding resident base with strong demographic tailwinds,” adds Wadlund.
Westside Commons consists of five adjoining multifamily buildings, built in 1983, situated in Menlo Park, just west of downtown Tucson, near the Mercado District, and along Interstate 10. The property offers 84 units, comprising a mix of 40 one-bedroom and 44 two-bedroom floor plans, and was marketed as a value-add opportunity. The total square footage is 47,948 square feet; rental listings indicate monthly rates ranging from $850 to $1,150. Amenities include a pool, a playground, on-site laundry facilities, and the property is pet-friendly.
The Westside Commons Tucson sale reflects continued demand for infill multifamily properties, where moderate rents, job growth, and renewed infrastructure investment have supported strong demand. No brokerage firms were officially disclosed in the deal, though several Arizona-based investment teams have previously marketed the property.
The new ownership group is expected to implement targeted upgrades to units’ interiors and common areas, with a focus on long-term tenant retention and property performance.
For more information, Panahi can be reached at 520.719.6511 and Wadlund is at 520.719.6524.
Reference RED Comp #11967