Latest deals from DAUM, Marcus & Millichap, C&W | PICOR

DAUM Negotiates $2.6 million investment purchase

DAUM Commercial Real Estate Services has negotiated the $2.6 million sale of a 33,871-square-foot industrial warehouse building located at 1705 W. Parkside Lane in Deer Valley.

Chris Rogers and Trevor McKendry of DAUM Commercial Real Estate Services represented the buyer, M & D Investments AZ, LLC. Jim Ryder of Capital Realty Advisors represented the seller, CCS Marketing, LLC of Tampa, Fla.

The buyer has plans to renovate the property and then offer it for lease or sale, when completed. Rogers and McKendry will also be representing M & D Investments AZ, LLC to lease or sell the property.

“We’re seeing this trend of rehabilitating second generation buildings throughout the Valley as users are relocating and expanding their operations. This building is fully air-conditioned and has 3,600 amps of power. When the renovations are complete, the building will be a state-of-the-facility,” said Rogers.

DAUM Commercial Real Estate Services provides a full array of services including brokerage, consulting, leasing, sales, corporate services and asset, construction, project and property management. Founded in 1904, DAUM is California’s longest standing and most experienced commercial real estate brokerage company. DAUM has 10 offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.

Marcus & Millichap sells 70-unit Tucson property

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Santuario, a 70-unit apartment property located in Tucson, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix and Tucson offices. The asset sold for $3,485,000.

“Tucson’s strong economic fundamentals are creating operational momentum for multifamily assets,” says Hamid Panahi. “Santuario’s new owners are in an excellent position to increase revenue by implementing an interior upgrade program.”

Panahi and James K. Crawley, investment specialists in Marcus & Millichap’s Phoenix and Tucson offices, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, an individual/personal trust, was secured and represented by Sevak Keshishian and Shara Parseghian , investment specialists in Marcus & Millichap’s Encino office. 

“Investors continue to be attracted to the Tucson market as they are able to achieve higher yields combined with a lower per unit basis on the acquisition,” says James Crawley.

Santuario is located at 1201 N Alvernon Way in Tucson, AZ. 

Marcus & Millichap sells 24-unit Phoenix property

 Marcus & Millichap announced the sale of Sol @ Christown, a 24-unit apartment property located in Phoenix, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $1,700,000.

“From the start of our marketing campaign until close of escrow, Sol @ Christown was available for only 23 days. Due to the listing agents’ hard work and commitment to achieving our client’s goals, we saw remarkable results in a very short period of time,” says Sarbinoff.

Paul Bay, an investment specialist in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a limited liability company, was also secured and represented by Bay.

“We received a great deal of interest in Sol @ Christown during the early stages of our marketing campaign. The buyer has a great opportunity to take advantage of the upside that comes along with a rapidly improving submarket,” says Bay.

Sol @ Christown is located at 1717 W Missouri Ave in Phoenix, AZ. 

Marcus & Millichap sells net-leased property

Marcus & Millichap announced the sale of NextCare Urgent Care, a 4,520-square foot net-leased property located in Goodyear, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $2,390,000.

Jamie Medress, and Mark Ruble, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The team also represented the buyer, an individual/personal trust.

NextCare Urgent Care is located at 17688 W Elliot Rd in Goodyear, AZ. 

Latest deals from C&W | PICOR

SALE

Nucor Oil and Gas, Inc. purchased a 3,050 square-foot office building located at 5981 E. Grant Rd. in Tucson, from DAZ5-Grant Road, LLC for $750,000. Rick Kleiner, MBA, and Tom Nieman, Office Specialists with Cushman & Wakefield | PICOR, represented the seller; Esther Empens with Tierra Antigua, represented the buyer. 

LEASE

Aguirre Enterprises, Inc. renewed their lease for 20,364 square feet at 3850 E. 44^th St. in Tucson from CJ Southwest Property Partners, LLC.  Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Principals and Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.   

HBM Prenscia, Inc. leased 13,405 square feet at 5210 E. Williams Circle, Suite 240 in Tucson, from WC Partners. Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the tenant in this transaction.

Single Source, Inc. leased 5,520 square feet in Palo Verde Business Park located at 3600 S. Palo Verde Rd., Suites 108-109 in Tucson, from Block One Property, LLC.  Rob Glaser, SIOR CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the tenant; Tim Healy with CBRE, represented the landlord. 

Arizona Powder Supply, Inc. leased 5,242 square feet in Eastside Research Commerce Center located at 1635 S. Research Loop, Suites 309-311 in Tucson, from Presson PV, LLC. Rob Glaser, SIOR, CCIM, and Max Fisher, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

AF Tucson Metro, LLC leased 4,444 square feet in Silverbell Plaza at 2500 N. Silverbell Rd., Suite 100 in Tucson, from Massapequa Associates, LLC.  Dave Hammack, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord; Becky Schultz with Franchise Real Estate, represented the tenant. 

Starbucks Corporation leased 3,798 square feet at 10615 N. Oracle Rd. in Tucson, from Scaletta Properties.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant.  Paul Schloss and David Dutson with NAI Horizon represented the landlord. 

Russell Verizon Cellular, Inc. leased 3,010 square feet in the former Radio Shack building located at 93 W. 5^th St. in Douglas, AZ, from George Deukmejian.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

Elontec, LLC leased 2,315 square feet in Central Point Business Plaza, 3961 E. Speedway Blvd., Suites 414-415 in Tucson, from Central Point Tucson, LLC.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. 

DPR Construction leased 2,212 square feet of office space at 3100 N. Campbell Ave., Suite 102 in Tucson, from Siempre Juntos, LLC.  Rick Kleiner, MBA, and Tom Nieman, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord; Isaac Figueroa, CCIM, Office and Investment Specialist with Cushman & Wakefield | PICOR, represented the tenant.

Derek and Milissa Jordan leased 2,180 square feet in Clairemont Plaza at 1660 S. Research Loop, Suite 110 in Tucson, from Clairemont Partners, LLC. Rob Glaser, SIOR, CCIM, and Max Fisher, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

Yong Sheng Herbs leased 2,000 square feet at 2932 E. Broadway Blvd. in Tucson, from LMG Investments, LP.  Dave Hammack, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. 

S & C Sushi Nara, Inc. leased 1,950 square feet in the Broadway Albertsons Shopping Center, located at the northeast corner of Harrison Rd. and Broadway Blvd., from JDJK Investments, LLP.  Greg Furrier and Rob Tomlinson, with Cushman & Wakefield | PICOR, represented the landlord; Ron Zimmerman, with Cushman & Wakefield | PICOR, represented the tenant.

JKL Pilates, LLC leased 1,750 square feet at 7972 N. Oracle Rd., in the Trader Joe’s Shopping Center located at Oracle and Magee Rds., from HJ Tucson, LLC.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant.  Jesse Peron and Peter Villaescusa with CBRE, represented the landlord.

Cummings Plumbing, Inc. leased a 1,680 square-foot industrial building situated on 1.53 acres at 6107 N. Travel Center Dr. in Tucson, from Frost Holding Company, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the tenant; Jeramy Price with Volk Company, represented the landlord.

B & Q Nails leased 1,500 square feet in the new Vail Safeway Shopping Center, located at Colossal Cave Rd. and Mary Ann Cleveland Way, from Vail-SSC, LLC.   Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord; Juan Teran with Realty Executives Tucson Elite, represented the tenant.

H & H Electrical leased 1,390 square feet at 850 E. Ohio St., Suite 2 in Tucson, from RRL, Inc.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

Lavish Metal Works, LLC leased 1,390 square feet at 850 E. Ohio St., Suite 18 in Tucson, from RRL, Inc.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. 

Pammy D, LLC, dba Valladolid Agency, a Farmers Insurance Agent, leased 1,200 square feet at 3710 S. Park Ave., Suite 704 in Tucson, from William Lee, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

Tucson CFS, LLC leased 1,100 square feet at 3820 E. 44^th St., Suite 410 in Tucson, from RR44, Inc. Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

Burrell College of Osteopathic Medicine, LLC leased 770 square feet of medical office space in Magee Center, located at 2262 W. Magee Rd., Suite 201 in Tucson, from MJ 96, LLC.  Isaac Figueroa, CCIM, Office and Investment Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.