Tucson purchasing heart sells for $18.4M | Subscriber

A Catalina Foothills-area purchasing heart has been purchased by buyers for $18.4 million. The 33,347-square-foot Paloma Village Heart, on the southeast nook of Skyline Drive and Campbell Avenue, sits on 4.49 acres.

Tenants embody Fleming’s Steakhouse, CVS, Starbucks and a number of small retail and repair companies. Chad Tiedeman and Danny Gardiner, with Phoenix Industrial Advisors, represented the vendor.

“Together with the situation, the encompassing neighborhood, Catalina Foothills, gives the property with one of the crucial prosperous client commerce areas within the state which helped appeal to the client,” Tiedeman mentioned.

No modifications to the middle have been introduced.

Different native actual property transactions embody:

Equinox on Prince, a 114-unit complicated at 1625 E. Prince Street, was purchased by buyers for $21.1 million. Clint Wadlund, Hamid Panahi, Steve Gebing and Cliff David, with Institutional Property Advisors, represented the vendor, Waahe Capital and the client, Vertical Road Ventures.

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The just lately renovated constructing on the northwest nook of Campbell Avenue and Skyline Drive occupied by Charles Schwab was purchased by 6401 N. Campbell JV LLC for $5.8 million. The vendor, Skyline Encantada Buyers LLC, was represented by Isaac Figueroa with Larsen Baker.

ZFI LLC and Caneel Investments AZ LLC purchased the 24-unit Vista del Sol complicated at 3810 E. Monte Vista Drive from Mantel Properties LLC for $2 million. Joseph Chaplik and Joe Boyle, with Joseph Bernard Funding Actual Property, dealt with the sale.

407 Utah JGJ LLC purchased a 6-unit condominium complicated at 407 W. Utah St. from Guillermo Properties LLC for $925,000. Chris Tsighis, with Coldwell Banker, represented the vendor, and Rick Horst, with Keller Williams Realty, represented the client.

Ralph’s Shifting and Storage leased 60,000 sq. toes of business area at 6760 S. Lisa Frank Ave. from Greenbean Investments LLC. Robert Glaser, with Picor, represented the owner, and Mark Irvin, with Mark Irvin Industrial Actual Property Companies, represented the tenant.

The Silverbell Heart purchasing heart, 8547 N. Silverbell Street, has two new tenants. Southern Arizona Spirit Squad LLC leased 1,158 sq. toes for a dance studio centered on pom, hip hop, jazz and approach lessons. Daniel and Sarai Monreal, of the Door Church Marana, leased 1,708 sq. toes for a non-denominational Christian church. Craig Finfrock, with Industrial Retail Advisors, represented the owner, Namaki Dwelling Belief.

Data for Tucson Actual Property is compiled from data on the Pima County Recorder’s Workplace and from brokers. Ship data to Gabriela Rico, grico@tucson.com

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