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.
Blacklidge & Presidio Student Housing
2901 & 2905 E. Blacklidge Drive and 2912 & 2916 E. Presidio Road, Tucson, AZ, Pima County, 85716
Sales Price: $1,650,000.00
Building: 12,796 SF
Available: 12,796 SF (12,796 SF - 12,796 SF)
Major Use: Multi Family
Availability
Building: 12,796 SF
Available SF: 12,796 SF
Available Range SF: 12,796 SF - 12,796 SF
Percentage Available: 100.00%
Sales Price: $1,650,000.00($1,650,000.00 - $1,650,000.00)
Price per SF: 128.95 per SF
Date Available: 2019-06-24
Listors
Allan Mendelsberg
Property ID: 565
Blacklidge & Presidio Student Housing
2901 & 2905 E. Blacklidge Drive and 2912 & 2916 E. Presidio Road, Tucson, AZ, County, 85716
Highlights
Luxury student housing development portfolio
Six, 2-story individual houses (32 total bedrooms)
Two, 5-bedroom / 2.5-bath houses (each 2,390 SF)
Two, 6-bedroom / 3-bath houses (each 2,271 SF)
Two, 5-bedroom / 2-bath houses (each 1,737 SF)
Located a few blocks from La Madera Park
Information
Property for sale:
Yes
Major Use:
Multi Family
Multi-Family:
Yes
Year Built:
2011
Last Updated:
2019-11-21
No. of Units:
6
Nido de Sahuaro
240 W. Sahuaro Street, Tucson, AZ, Pima County, 85705
Sales Price: $1,100,000.00
Building: 8,640 SF
Available: 8,640 SF
Major Use: Multi Family
Availability
Building: 8,640 SF
Available SF: 8,640 SF
Percentage Available: 100.00%
Sales Price: $1,100,000.00($1,100,000.00 - $1,100,000.00)
Price per SF: 127.31 per SF
Date Available: 2019-10-14
Listors
Allan Mendelsberg
Property ID: 1267
Nido de Sahuaro
240 W. Sahuaro Street, Tucson, AZ, County, 85705
Highlights
Turn-key property
Private courtyard
Gated entrance
Property Manager in place
On-Site laundry facility
Air conditioning
Block construction
Information
Property for sale:
Yes
Major Use:
Multi Family
Investment:
Yes
Multi-Family:
Yes
Zoning:
O-3, City of Tucson
Year Built:
1963
Last Updated:
2019-10-15
Cap Rate:
7.51%
NOI:
$82,556.00
Income Statement Type:
Projected
Apartment:
Yes
Laundry Facility:
Yes
Gross Rent Multiplier:
7
Vacancy Percentage:
7.00%
No. of Units:
20
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: 2019-10-14
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:
2019-11-19
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: 2019-05-13
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:
2019-08-18
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: 2019-08-07
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:
2019-08-18
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
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