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Completed Sale/Lease Transactions (March 1-19, 2021)

 

SALE

 

Richard Fantozzi purchased the brand-new Dollar General from DCM Development Company, LLC, located at 2295 N. Highway 90 in Huachuca City, AZ.  The single-tenant, NNN investment was purchased for $1,943,210.   Dave Hammack, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction. Wayne Krentel with Le Brothers Investment, Inc., Rancho Cucamonga, CA., represented the buyer.

 

Envision Assets, LLC purchased 7,590 square feet of office space located at 8700 E. Tanque Verde Rd. in Tucson.   The multi-tenant office complex was purchased from The Scott Alan Krenzer and Karen Ann Murphy Living Trust for $1,000,000.  Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the buyer in this transaction. Gordon Wagner and David Blanchette, CCIM, with NAI Horizon, Tucson, represented the seller.

 

Equilibrium Villas, LLC purchased a 5,844-square-foot multifamily property located at 3127-3143 N. Fontana Ave. in Tucson.  Fontana Court Apartments, a 12-unit apartment complex, was purchased from DAMCO Arizona Properties, LLC for $700,000.   Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction.

 

Bernice Investments, LLC purchased 3.89 acres of industrial land located at 3555 E. Corporate Dr. and 5230 S. Bantam Rd. in Tucson.   The vacant land parcel was purchased from F & R Fleetwood, LLC for $688,137.  Stephen D. Cohen, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Dean Cotlow with Cotlow Company, represented the buyer.

 

La Bodega Quatro Hermanos, LLC purchased an 8,100-square-foot industrial warehouse building located at 1502 E. 20th St. in Tucson.  The single-tenant property, located on 0.30 acres, was purchased from Gould Family Properties, VIII, LLC for $517,500.  Ron Zimmerman, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.

 

Sumer Enterprise, LLC purchased 4.62 acres of vacant industrial land, located at 5025 E. Nebraska St. in Tucson, from Roy H. Rogers Foundation, LLC for $277,500. Ron Zimmerman, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.

 

DCM Development Company, LLC purchased 1.25 acres of vacant land located at 9527 E. Highway 92 in Miracle Valley, AZ.    The commercially zoned parcel was purchased  from Teigan, LLC for $165,000.   Dave Hammack, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented the buyer in this transaction.

 

Enrique N. Diaz and Cindy Beltran purchased a 0.79 acre land parcel, located at 344 E. Prince Rd. in Tucson, from JJ88 Choi, LLC for $135,000.  Rob Tomlinson, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.  George Hayduke with Westar Mortgage & Realty Corporation, represented the buyer.

 

 

LEASE

 

Konica Minolta Business Solutions USA, Inc. renewed their lease with KCI-Broadway, LLC, Scott Seldin-Broadway, LLC, Belmont-Broadway, LLC, and Tucson 5151 Investments, LLC, for 4,848 square feet of office space located at 5151 E. Broadway Blvd., Suite 185 in Tucson. Thomas J. Nieman and Richard M. Kleiner, MBA, Principals, and Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Doug Marsh with Oxford Realty Advisors, represented the tenant.

 

Extreme Off Road, LLC leased 4,644 square feet of industrial space from Tin Cup Properties, LLC, located at 2632 S. 6th Ave., in Tucson.  Ron Zimmerman, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Roots Hot Yoga, LLC leased 2,973 square feet of retail space from Machado Hassett Family Irrevocable Trust, located in Crossroads East Shopping Center, 4951 E. Grant Rd., Suite 111 in Tucson.   Dave Hammack, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Westech Graphics, Inc. leased 2,838 square feet of office space from LLJ Holdings, LLLP, located in La Officina, 8750 E. Speedway Blvd., Suites 150,160 and170 in Tucson.  Molly Mary Gilbert and Ryan McGregor, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Intergalactic, Inc., d/b/a Bookmans, leased 2,734 square feet of office space from DHS Property Investments, LLP, in Williams Centre, 310 S. Williams Blvd., Suites 340 and 346 in Tucson.  Cushman & Wakefield | PICOR Office Specialists handled this transaction.  Ryan McGregor represented the landlord and Thomas J. Nieman, Principal, represented both parties in this transaction.

 

Tuk Tuk Thai leased 2,711 square feet of retail space in Oro Valley Marketplace, 12125 N. Oracle Rd., Suite 169 in Oro Valley, from OVM Delaware, LLC, Campbell Blacklidge Marketplace DE, LLC, First Ave./Wetmore Office Marketplace DE, LLC & Casa Presidio Apartments, LLC.  This will be their second Tucson location.   Dave Hammack and Greg Furrier, Principals and Retail Specialists with Cushman & Wakefield | PICOR, represented the tenant in this transaction. Jesse Peron with CBRE, represented the landlord.

 

BL Distribution West, LLC leased 2,400 square feet of industrial space from Dodge Business Plaza Partners, LLC, located in the South Dodge Business Center, 3220 S. Dodge Blvd., Suites 4-5 in Tucson. Robert C. Glaser, SIOR, CCIM, and Paul Hooker, Principals, and Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Paul Miachika with Sun Commercial Real Estate, represented the tenant.

 

All the Luv Wings, also known as ATL Wings, leased 2,265 square feet of restaurant space from RJR Tucson, LLC, in the Oracle Wetmore Shopping Center, situated at the corner of Wetmore and Oracle Rds. in Tucson. This will be ATL’s third Tucson location. Aaron LaPrise, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Trent Goulette with Southwest Retail Group, Inc., represented the tenant.

 

MedEvals of Colorado, Inc. leased 1,890 square feet of industrial space from NTBC Trust Partners, LLC, located in the North Tucson Business Center, 3845 N. Business Center Dr., Suite 111 in Tucson.  Cushman & Wakefield | PICOR handled this transaction,  Principals, Robert C. Glaser, SIOR, CCIM, and Paul Hooker, represented the landlord in this transaction. Molly Mary Gilbert and Ryan McGregor represented the tenant.

 

Granite Construction Company leased 1,850 square feet of office space located in Northview Plaza, 3733 N. Oracle Rd. in Tucson, from Shenitzer Development Company.  Dave Hammack, Principal, Richard M. Kleiner, MBA, Principal, and Diane Carlson, with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Sunlight Center For Change, LLC renewed their lease with Spirits, LP for 1,782 square feet of office space located at 3131 N. Country Club Rd., Suite 201 in Tucson.  Ryan McGregor and Molly Mary Gilbert, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

David P. Kelly, DDS, leased 1,358 square feet of office space from Caldor Investments of Arizona, LLC, in Ina Corporate Center, 3275 W. Ina Rd., Suite 101 in Tucson. Thomas J. Nieman, Principal, and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Moneymart, Inc. renewed their lease with Olsen Avenue Associates, LLC for 1,240 square feet of retail space located at 1685 W. Valencia Rd., Suite 131 in Tucson.  Dave Hammack, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

Puffaholic Smoke Shop, LLC leased 1,200 square feet of retail space from HLF Properties, Inc., located at 5033 E. 5th St., in Tucson.  Principal, Dave Hammack and Ryan McGregor with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

No Limit Barbershop, LLC leased 1,200 square feet of retail space from St. Mary’s Investors, LLC, located in St. Mary’s Village, 1309 W. St. Mary’s Rd., in Tucson.  Dave Hammack, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, and George Larsen, Melissa Lal and Isaac Figueroa with Larsen Baker, LLC, represented the landlord in this transaction.

 

eXp Realty leased 1,200 square feet of retail space from Old Lobo Tang X, LLC, located in Tangerine Crossing Shopping Center, situated at the northeast corner of Tangerine and Thornydale Rds. in Marana, AZ.  Aaron LaPrise, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction.

 

Easy Going Smoke Shop, LLC leased 1,000 square feet of retail space from HLF Properties, Inc., located at 4634 E. Grant Rd. in Tucson.  Cushman & Wakefield | PICOR Specialists handled this transaction.  Principal, Dave Hammack and Ryan McGregor, represented the landlord in this transaction.  Principal, Aaron LaPrise, represented the tenant.

 

Fiamme Pizza Napoletana, LLC renewed their lease with Sunrise Village Investors, LLC for 952 square feet of retail space located in Sunrise Village Shopping Center, 4706 E. Sunrise Dr., in Tucson.   Dave Hammack, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

SMART Local 807 leased 667 square feet of industrial space located in the South Dodge Business Center, 3641 E. 44th St., in Tucson, from Dodge Business Plaza Partners, LLC.   Principal, Robert C. Glaser, SIOR, CCIM, and Max Fisher, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

 

Raquel L. Jimenez Insurance Agency, LLC leased 611 square feet of industrial space from Dodge Business Plaza Partners, LLC, in the South Dodge Business Center, 3320 E. 44th St. in Tucson.  Principal, Robert C. Glaser, SIOR, CCIM, and Max Fisher, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction

 

Bracey Consulting, LLC leased 256 square feet of office space, located in El Dorado Square, 1200 N. El Dorado Pl., Suite H-820B in Tucson, from El Dorado Ventures, LLC.  Principal, Thomas J. Nieman and Molly Mary Gilbert, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

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