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CBRE has negotiated the sale of a 16,960-square-foot retail building located at 8358 E. Broadway in Tucson, Ariz. The building, which sits on 1.77 acres, commanded a sale price of[mepr-show rules="58038"]$875,000 ($52 PSF).
The building was vacant at time of sale and configured for three spaces. It is located west of the southwest corner on Broadway Boulevard and Old Spanish Trail in the east side submarket. This building was leased to O' Reilly Auto Parts but the lease expires in the beginning of 2013.
Peter Villaescusa and Jesse Peron with CBRE’s Tucson office represented the seller, the Dennis & Roxanne L. Roberts Trust of San Diego, Calif. The buyer, Tucson-based Whirlygig Properties LLC (Lynn Taylor), a developer and builder was self-represented.
Built in 1973, the freestanding retail building will be redeveloped for a retail use by Whirlygig.
Vilaescusa should be contacted at (520) 323-5112. Peron can be reached at (520) 323-5130. Taylor can be contacted at (520) 546-9003.
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Sale date: 11/15/2013. There was a seller carry back with. Down payment was not available at time of publication. [/mepr-show]