CBRE has negotiated the sale of a former church and school complex located at 200 E. Yavapai Rd. in Tucson. The 14,921 SF building, which sits on a 4-acre parcel, commanded a sale price of $375,000.
Ian Stuart with CBRE’s Tucson office represented the seller, a northern California-based green homebuilder. The buyer, Literacy Connects of Tucson, was represented by Nancy McClure and Michael Laatsch, also with CBRE’s Tucson office.
“We’ve been looking for years to find the right property to pull all our programs together,” said Betty Stauffer, executive director of Literacy Connects. “This building is ideally set up to allow us to use much of what is there and open sections of the building as we complete construction.”
The seller first purchased the property in November 2005. Their initial plans to tear down the existing structure and develop green, single-family housing in its place were stalled with the market downturn. Taking into consideration current market conditions and recognizing the opportunity make good on their goal of positively impacting the Tucson community, the seller was pleased to work with CBRE and negotiate the sale to Literacy Connects.
Literacy Connects, founded in July 2011 by the merger of five literacy organizations, is about how we – as individuals, neighborhoods, organizations and businesses – share a human connection around literacy that helps us learn, grow and have a voice. Currently, the organization’s five programs operate out of separate facilities. With this purchase, Literacy Connects will be able to operate all programs out of one facility, creating a better environment for each program to share in the opportunities and resources needed to support the learning goals of individuals in our community. Literacy Connects will renovate the former the facility before taking occupancy.
Originally built in 1975, the facility was previously occupied by a private school and a church. The property currently consists of a 300+ person auditorium and eight classrooms that could be split in half to create 16. There are also two basketball courts, a playground and baseball/ soccer field on site.
