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Completed Sale/Lease Transactions (August 16th-August 20th, 2021)

 

 

SALE  

 

Rancho California Center, LP purchased a 94,831-square-foot, sale/leaseback investment property located at 6885 E. Southpoint Rd. in Tucson on 12.11 acres.  The single-tenant, triple-net leased investment was purchased from Teritom Holdings, LLC, for $11,250,000.  Stephen D. Cohen, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction. Ronald King and Joseph McDermott, with Kidder Mathews of California, represented the buyer. 

 

Winding Creek Apartments, LLC, acquired three, mid-town Tucson apartment complexes from Eastgate Apartments, LLC, Jerrie Street Apartments, LLC, and Executive Apartments, LLC.  The three-property portfolio sale includes 71 units and 34,070 square feet of multifamily space.   Eastgate Apartments (1175 N. Jefferson Ave.), Jerrie Apartments (1031 N. Jerrie Ave.) and Executive Apartments (5530 E. Bellevue St.) were purchased for $5,025,000.   Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction. 

 

East Elm Managing, LLC purchased 7,392 square feet of multifamily space from Firstelm, LLC.  Elm Street Apartments, an 11-unit complex located at 630-650 E. Elm St. in Tucson, was purchased for $1,650,000.   Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented both parties in this transaction. 

 

Keith Christopher Burk and Valeisha Rae Burk purchased 6,847 square feet of industrial space located at 2023 W. Price St. in Tucson, from Alex Bernard Galvez for $687,500.  Ron Zimmerman, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction. Michael Coretz, with Commercial Real Estate Group of Tucson, LLC, represented the buyer. 

 

Frost Holding Company Number Two, LLC, purchased a 1.66-acre land parcel from La Canada SW, LLC.  The vacant land property, located at 5171 N. La Canada Dr. in Tucson, was purchased for $350,000.  Rob Tomlinson, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction. 

 

 

LEASE 

 

Title Security Agency, LLC, leased 6,048 square feet of office space located in Cambric Corporate Center, 1880 E. River Rd., Suite 200 in Tucson, from WCCP Point, LLC & SOD Investments II, LLC & PVP Cambric, LLC.  Richard M. Kleiner, MBA, Principal, and Office Specialist with Cushman & Wakefield | PICOR; and Kurt Gottschling, with Cushman & Wakefield US, Inc., represented the tenant in this transaction.  Philip Skillings, with NAI Horizon, represented the landlord. 

 

T.A.B. Tile and Stone, LLC leased 3,000 square feet of industrial space from Coyote Clover 2500, LLC c/o Chapman Management Group, located at 2500 N. Coyote Drive, Suite 102, in Tucson. Robert C. Glaser, Principal, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

 

The UPS Store leased 1,440 square feet of retail space at Madera Village Shopping Center, 9095 E. Tanque Verde Road in Tucson, from WRI Madera Village, LLC. Rob Tomlinson, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.

 

Red Star Vapor, LLC, leased 1,307 square feet of retail space from Barclay Holdings XVIII-A, LLC, located in Old Spanish Trail Crossing, Suite 127, situated at the NEC of 22nd St. and Harrison Rd. in Tucson.  Dave Hammack and Aaron LaPrise, Principals, and Retail Specialists with Cushman & Wakefield | PICOR, handled this transaction.

 

Azul Aesthetics LLC leased 896 square feet of space from BR Tucson 7313 CRE 045 LLC, located at 7313 E. Tanque Verde, Tucson. Molly Mary Gilbert, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction. Karen Farrell with Venture West Real Estate Services, LLC, represented the landlord. 

 

 

 

 

 

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