Allan Mendelsberg
Principal
Apartment & Investment Sales
Allan joined Cushman & Wakefield | PICOR in October of 2009. Allan concentrates in multi-family investments but also helps clients with manufactured housing and triple net (NNN) investments. He is a member of Southern Arizona’s most active multi-family brokerage team. Allan’s clients range from small private investor to large REITS. He attributes his success to being a client-first broker that looks one step ahead in the transaction process. Allan’s real estate career has earned him high praise from his clients, and he is known for his strong work ethic, strong communication and negotiation skills, and strong relationships in the real estate and banking (mortgage) industries. Allan continues to rank as one of Southern Arizona’s most active multi-family brokers.
Allan previously worked for Marcus & Millichap for 3 years before joining PICOR. Allan is a principal for Cushman & Wakefield | PICOR.
My Properties
See below for my property listings.
Colonia de Tucson
1335 - 1351 W. St. Mary's Road, Tucson, AZ, Pima County, 85745
Sales Price: $5,150,000.00
Building: 47,808 SF
Available: 47,808 SF
Major Use: Multi Family
Availability
Building: 47,808 SF
Available SF: 47,808 SF
Percentage Available: 100.00%
Sales Price: $5,150,000.00($5,150,000.00 - $5,150,000.00)
Price per SF: 107.72 per SF
Date Available: 12/27/2019
Listors
Allan Mendelsberg
Property ID: 1326
Colonia de Tucson
1335 - 1351 W. St. Mary's Road, Tucson, AZ, County, 85745
Highlights
Existing financing MUST be assumed
Located 1.1 miles from Mercado District
Below market rates
Swimming pool
Gated access
Laundry facility
Information
Property for sale:
Yes
Major Use:
Multi Family
Investment:
Yes
Multi-Family:
Yes
Building Class:
B
Zoning:
R-3, City of Tucson
Year Built:
1983
Parking Ratio (per 1000 Bldg SF):
Yes
No. Parking Stalls:
62
Last Updated:
01/08/2020
Cap Rate:
6.63%
NOI:
$341,330.00
Income Statement Type:
Actual
Apartment:
Yes
No. of Units:
84
The Graymont Student Housing
1125-1129 E. 7th Street, Tucson, AZ, Pima County, 85719
Sales Price: $5,000,000.00
Building: 18,320 SF
Available: 18,320 SF
Major Use: Multi Family
Availability
Building: 18,320 SF
Available SF: 18,320 SF
Percentage Available: 100.00%
Sales Price: $5,000,000.00($5,000,000.00 - $5,000,000.00)
Price per SF: 272.93 per SF
Date Available: 12/19/2019
Listors
Allan Mendelsberg
Property ID: 1325
The Graymont Student Housing
1125-1129 E. 7th Street, Tucson, AZ, County, 85719
Highlights
Prelease for 2020-2021 school year
New construction
Oversized bedrooms (over 200 SF)
Balcony access for all bedrooms
Attached 2 car garage
In-unit laundry
Gated access
Information
Property for sale:
Yes
Major Use:
Multi Family
Investment:
Yes
Multi-Family:
Yes
Building Class:
B
Year Built:
2019
Last Updated:
01/08/2020
Cap Rate:
6.27%
NOI:
$313,262.00
Income Statement Type:
Actual
Laundry Facility:
Yes
Dishwasher:
Yes
Updated Kitchen:
Yes
Disposal:
Yes
Covered Carport:
Yes
Air Conditioning:
Yes
No. of Units:
8
Lester Student Housing
638-642 E. Lester Street, Tucson, AZ, Pima County, 85719
Sales Price: $1,625,000.00
Building: 8,600 SF
Available: 8,600 SF
Major Use: Multi Family
Availability
Building: 8,600 SF
Available SF: 8,600 SF
Percentage Available: 100.00%
Sales Price: $1,625,000.00($1,625,000.00 - $1,625,000.00)
Price per SF: 188.95 per SF
Date Available: 01/06/2020
Listors
Allan Mendelsberg
Property ID: 1330
Lester Student Housing
638-642 E. Lester Street, Tucson, AZ, County, 85719
Highlights
Turn-Key located in student housing
Oversized bedrooms
Balcony/Patio access from each unit
Luxury kitchen
Hot tubs on property
In-Unit laundry
Information
Property for sale:
Yes
Major Use:
Multi Family
Investment:
Yes
Multi-Family:
Yes
Building Class:
B
Zoning:
R-2, City of Tucson
Year Built:
2008
Parking Ratio (per 1000 Bldg SF):
Yes
No. Parking Stalls:
22
Last Updated:
01/09/2020
Cap Rate:
6.81%
NOI:
$154,295.00
Income Statement Type:
Actual
Laundry Facility:
Yes
Dishwasher:
Yes
Air Conditioning:
Yes
No. of Units:
6
Balboa Apartments
2432 N. Balboa Avenue, Tucson, AZ, Pima County, 85705
Sales Price: $710,000.00
Building: 6,284 SF
Available: 6,284 SF
Major Use: Multi Family
Availability
Building: 6,284 SF
Available SF: 6,284 SF
Percentage Available: 100.00%
Sales Price: $710,000.00($710,000.00 - $710,000.00)
Price per SF: 112.99 per SF
Date Available: 10/14/2019
Listors
Allan Mendelsberg
Property ID: 1266
Balboa Apartments
2432 N. Balboa Avenue, Tucson, AZ, County, 85705
Highlights
Well maintained property
Furnished units
New roof on one of the buildings
On-site laundry
Gated community
Off-street parking
C-2 zoning
Space to build additional units
Information
Property for sale:
Yes
Major Use:
Multi Family
Investment:
Yes
Multi-Family:
Yes
Zoning:
C-2, City of Tucson
Year Built:
1948
Last Updated:
11/19/2019
Cap Rate:
7.01%
NOI:
$49,798.00
Income Statement Type:
Projected
Apartment:
Yes
Laundry Facility:
Yes
Off Street Parking:
Yes
Separate Electric Meters:
Yes
Gross Rent Multiplier:
8
Vacancy Percentage:
6.00%
No. of Units:
15
Fontana Apartments
3134-3164 N. Fontana Avenue, Tucson, AZ, Pima County, 85705
Sales Price: $600,000.00
Building: 5,588 SF
Available: 5,588 SF (5,588 SF - 5,588 SF)
Major Use: Multi Family
Availability
Building: 5,588 SF
Available SF: 5,588 SF
Available Range SF: 5,588 SF - 5,588 SF
Percentage Available: 100.00%
Sales Price: $600,000.00($600,000.00 - $600,000.00)
Price per SF: 107.37 per SF
Date Available: 05/13/2019
Listors
Allan Mendelsberg
Property ID: 1074
Fontana Apartments
3134-3164 N. Fontana Avenue, Tucson, AZ, County, 85705
Highlights
Covered parking
Extra storage for tenants
Private fenced yard for most units
Electrical upgrades will be completed by close of escrow
10 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit
Information
Property for sale:
Yes
Major Use:
Multi Family
Investment:
Yes
Multi-Family:
Yes
Building Class:
C
Zoning:
C-2
Year Built:
1942
Last Updated:
08/18/2019
Cap Rate:
7.29%
NOI:
$43,760.00
Income Statement Type:
Projected
Apartment:
Yes
Covered Carport:
Yes
Air Conditioning:
Yes
No. of Units:
11
Alturas Apartments
115 E. Alturas Street, Tucson, AZ, Pima County, 85705
Sales Price: $540,000.00
Building: 4,194 SF
Available: 4,194 SF (4,194 SF - 4,194 SF)
Major Use: Multi Family
Availability
Building: 4,194 SF
Available SF: 4,194 SF
Available Range SF: 4,194 SF - 4,194 SF
Percentage Available: 100.00%
Sales Price: $540,000.00($540,000.00 - $540,000.00)
Price per SF: 128.76 per SF
Date Available: 08/07/2019
Listors
Allan Mendelsberg
Property ID: 1202
Alturas Apartments
115 E. Alturas Street, Tucson, AZ, County, 85705
Highlights
Recent capital improvements
Air conditioning
Interior renovations
High occupancy
Front yards
On-site laundry facility
Information
Property for sale:
Yes
Major Use:
Multi Family
Investment:
Yes
Multi-Family:
Yes
Building Class:
C
Zoning:
R-2, City of Tucson
Year Built:
1946
Last Updated:
08/18/2019
Cap Rate:
7.72%
NOI:
$41,662.00
Income Statement Type:
Projected
Apartment:
Yes
Off Street Parking:
Yes
Air Conditioning:
Yes
No. of Units:
13
Contact Me Directly
If you would like more information about a property or have other questions, please complete the form below and I will get back to you.
