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Completed Sale/Lease Transactions (December 16-31, 2020)

 

 

SALE

 

Dash Investments, LLC purchased Sierra Court Apartments, a 33,600-square-foot complex located at 270 W. Tacoma St. in Sierra Vista, AZ.  The 30-unit multifamily property located on 2.28 acres, was purchased from Sierra Court Group, LLC for $2,625,000.  Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

North Forbes, LLC purchased a 40,130-square-foot, multi-tenant building located in the Broadbent Business Center, 2106 N. Forbes Blvd. in Tucson.  The industrial warehouse property located on 2.08 acres, was purchased from 2106 N. Forbes, LLC for $2,337,500.  Stephen D. Cohen, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

Joe Rose, LLC purchased 8,246 square feet of multifamily space in Monaco Condos, 1620 N. Wilmot Rd. in Tucson.  Units E256, F132, D264, D265, A327, A330, F234, F236, H110 and H210 were purchased from Murray Development Services, LLC for $710,000.  Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented the seller in this transaction. David Walsh with S.J. Fowler Real Estate, Inc., represented the buyer.

 

Vault at Houghton Road, LLC purchased 10.80 acres of vacant industrial land located at the southeast corner of Golf Links Rd. and Houghton Rd. in Tucson, from Tucson Electric Power Company for $690,000.   Brandon Rodgers, SIOR, CCIM, Principal, and Molly Mary Gilbert, with Cushman & Wakefield | PICOR, represented the seller in this transaction. Denise Nunez with NAI Horizon, Phoenix, represented the buyer.

 

Olavaquero, LLC purchased Lee Street Mobile Home Park, a 12-space multifamily property located at 4344 E. Lee St. in Tucson.  The manufactured housing facility was purchased from Arivaca Group, LLC for $460,000.  Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented the buyer in this transaction. Thomas De Sollar with Arizona First Properties, LLC, represented the seller.

 

M.A.V. Roofing, LLC purchased a 5,000-square-foot industrial building located at 3640 S. Campbell Ave. in Tucson, from The Strauss Revocable Living Trust for $400,000. Paul Hooker, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.

 

 

LEASE

 

Goodwill Industries of Southern Arizona leased 25,008 square feet of industrial space located at 2000 E. Silverlake Rd., in Tucson, from Cherrylake Partners, LLC.  Stephen D. Cohen, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Arete Associates, Inc. leased 21,000 square feet of industrial space in Research Plaza, 1671 S. Research Loop, Suite 100 in Tucson, from Tin Cup Properties, LLC.  Ron Zimmerman, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Robert Davis with Tango Commercial Real Estate, represented the tenant.

 

Mark Sublette Medicine Man Gallery, Inc. renewed their lease with EREP Ventana II, LLC for 6,444 square feet of retail space located in Ventana Village, 6872 E. Sunrise Dr., Suite 130 in Tucson.  Dave Hammack, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Titan Laboratories Tucson, LLC leased 5,200 square feet of industrial space in Valencia Business Park, 2175 E. Valencia Rd., Suite 185 in Tucson, from RAGA, LLC.  Stephen D. Cohen, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Rick Borane with Volk Company, represented the tenant.

 

ASM Systems, LLC leased 4,560 square feet of industrial space in Clairemont Plaza, 1674 S. Research Loop, Suite 430 in Tucson, from Clairemont Partners, LLC.  Robert C. Glaser, SIOR, CCIM, Principal, and Max Fisher, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

 

Jesus Barrera leased 2,800 square feet of retail space from RRN, Inc., located in 22nd Street Center, 4501-4525 E. 22nd St., Suite 4507 in Tucson.   Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

Arizona Optical Metrology, LLC leased 2,635 square feet of industrial space in Ruthrauff Commerce Center, 2420 W. Ruthrauff Rd., Suite 160 in Tucson, from Ruthrauff Partners, LLC.  Robert C. Glaser, SIOR, CCIM, Principal, and Max Fisher, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

 

Thriveworks leased 1,709 square feet of office space in Miramonte Plaza, 3127 E. 2nd St. in Tucson, from AGARE, LLC. Molly Mary Gilbert and Brandon Rodgers, SIOR, CCIM, with Cushman & Wakefield | PICOR, represented the landlord.  Bruce Suppes and Ian Stuart with CBRE, represented the tenant in this transaction.

 

Eric D. Sonderer, M.D., renewed his lease with El Dorado Ventures, LLC for 1,380 square feet of office space located in El Dorado Square, 1200 N. El Dorado Pl., Suite E-500 in Tucson.  Thomas J. Nieman, Principal, and Molly Mary Gilbert, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Augustine Okihiel leased 1,200 square feet of retail space located at 5627 E. 22nd St. in Tucson, from Robert Grunstein.  Ramiro Scavo, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Marvalous Hair Studio, LLC leased 1,150 square feet of retail space from S & N Properties, LLC, located at 3433 E. Fort Lowell Rd., Suite 103 in Tucson.  Paul Hooker, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction. David Volk with CBRE, represented the landlord.

 

Redline Tools, LLC leased 1,120 square feet of industrial space in Palo Verde Business Center, 3860 S. Palo Verde Rd., Suite 312 in Tucson, from Palo Verde Trust Partners, LLC.  Robert C. Glaser, SIOR, CCIM, and Paul Hooker, Principals, and Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

 

Hospitality Staffing Solutions, LLC leased 992 square feet of office space from Rinly R. Gecosala, MD, PC, located at 4099 E. 22nd St., Suite 109 in Tucson. Molly Mary Gilbert, Office Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

Premier Aviation, LLC leased 608 square feet of office space from Coronado Tower Tucson, LLC, located at 17 W. Wetmore Rd., Suite 101 in Tucson.  Thomas J. Nieman, Principal, and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. John Hamner and Julian Willetts with Re/Max Excalibur, represented the tenant.

 

 

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