Skyline Park Pool

The pool at Skyline Park Apartments.

Alpha Wave Investors has completed its tenth full-cycle property investment with the sale of Skyline Park Apartments, a two-story, 60-unit apartment community in Tucson. Alpha Wave acquired the asset in August of 2017, and implemented a repositioning and renovation campaign that increased property value by 35-percent in eight months.

The property, which was formerly known as Park Village Apartments, was re-branded and re-positioned under Alpha Wave’s ownership, with a host of capital improvements including exterior paint, roof repairs, parking lot resealing and a completely new landscape. The firm also conducted an overhaul of the pool and upgraded pool equipment, installed a new children’s play area with shade structure and more.

Alpha Wave sold the property to a Southern California-based owner of multifamily properties for $2.6 million. Bill Hahn, formerly with Colliers and now with Nothmarq, was the listing broker, while Alon Shnitzer of ABI Multifamily identified the buyer and facilitated the introduction of the buyer and seller. The property is located at 5290 South Park Ave. 

 

Sales and Leases

Up Top Apps, LLC leased approximately 674 square feet of office space at 6303 E. Tanque Verde Road, Ste. 360 from 6303 Tanque Verde, LLC. Michael Gross of Tucson Realty & Trust Co. represented the landlord. Mark Biery of Berkshire Hathaway represented the tenant.

The White Ohana, LLC purchased a 32,391-square-foot building at 3951 E. Columbia St. for $3,650,000. Rob Glaser, SIOR, CCIM with Cushman & Wakefield | PICOR represented the seller. Ted Liles with Cresa Global, Inc. represented the buyer.

Hawkins Investment Solutions, LLC purchased a 20,000-square-foot building at 3260 E. 36th St. from Glazer’s Real Estate, LLC for $900,000. Brandon Rodgers, CCIM with Cushman & Wakefield | PICOR represented the buyer. Stephen D. Cohen and Russell W. Hall, SIOR, GSCS with Cushman & Wakefield | PICOR represented the seller.

The Connie Rae Simonds Trust purchased a 5,272-square-foot office building at 3808-3818 E. Fifth St. from Wildcat Equities II, LLC for $582,502.50. Brandon Rodgers, CCIM with Cushman & Wakefield | PICOR represented the seller. Jim Briggs with Cornerstone Realty & Investments, LLC represented the buyer.

Hands of Hope Tucson purchased a 2,830-square-foot office building at 5240 E. Knight Drive, Ste. 122 from Jim C. Holdings, LLC for $187,000.Tom Nieman with Cushman & Wakefield | PICOR represented the buyer. John Yarborough with Romano Real Estate Corporation represented the seller.

The Gregory and Laura Ingram Living Trust purchased a 22,072-square-foot parcel at 311 E. Fort Lowell Road from W. Margarita Almeida for $85,000. Paul Hooker with Cushman & Wakefield | PICOR represented the buyer. 

Rosemont Copper Company leased 5,376 square feet at 230 E. 27th St., Ste. 101 from Tin Cup Properties, LLC. Ron Zimmerman with Cushman & Wakefield | PICOR represented the landlord. Tim Healy with CBRE represented the tenant.

VFLEA, LLC leased 3,250 square feet at 14075 NW Grand Ave. in Surprise from Janice L. Eckenrode Family Trust and Jeri A. Wam Family Trust.  Ron Zimmerman, Industrial Specialist with Cushman & Wakefield | PICOR represented the landlord.

Miner Southwest, LLC renewed its lease for 1,500 square feet at 1101 W. Grant Road, Ste. 201 from the Sloat Family Partnership, LLLP. Stephen D. Cohen and Russell W. Hall, SIOR, GSCS with Cushman & Wakefield | PICOR handled the transaction.

Vail Physical Therapy leased 1,500 square feet in the new Vail Safeway Shopping Center, located at Colossal Cave Road and Mary Ann Cleveland Way, from Vail-SSC, LLC.  Aaron LaPrise with Cushman & Wakefield | PICOR handled the transaction.

Action Yard and Tree, LLC leased 815 square feet at 3925 E. 29th St., Ste. 403 from Presson Midpoint, LLC. Rob Glaser, SIOR, CCIM, and Paul Hooker with Cushman & Wakefield | PICOR represented the landlord.

Healthlinx, Inc. leased 720 square feet at 4595 S. Palo Verde Road, Ste. 533 from Presson Equity Partners LLP.  Rob Glaser, SIOR CCIM with Cushman & Wakefield | PICOR, represented the landlord.

Hector Lopez and Joshua Teran leased 1,507 square feet at 6516 E. 22nd St. from Tierra Del Sol Commercial Center LLC. Jeramy Price and Kevin Volk of Volk Company represented the landlord.

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

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

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

Single Source, Inc. leased 5,520 square feet at 3600 S. Palo Verde Road, Ste. 108 and 109 from Block One Property, LLC. Rob Glaser, SIOR CCIM with Cushman & Wakefield | PICOR represented the tenant. Tim Healy with CBRE represented the landlord

Arizona Powder Supply, Inc. leased 5,242 square feet at 1635 S. Research Loop, Ste. 309-311 from Presson PV, LLC. Rob Glaser, SIOR, CCIM and Max Fisher with Cushman & Wakefield | PICOR handled the transaction.

AF Tucson Metro, LLC leased 4,444 square feet at 2500 N. Silverbell Road, Ste. 100 from Massapequa Associates, LLC. Dave Hammack 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 Road from Scaletta Properties.  Greg Furrier 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. Fifth St. in Douglas, AZ, from George Deukmejian.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in the transaction.

Elontec, LLC leased 2,315 square feet at 3961 E. Speedway Blvd., Ste. 414-415 from Central Point Tucson, LLC. Max Fisher with Cushman & Wakefield | PICOR handled the transaction. 

DPR Construction leased 2,212 square feet at 3100 N. Campbell Ave., Ste. 102 from Siempre Juntos, LLC. Rick Kleiner, MBA, and Tom Nieman with Cushman & Wakefield | PICOR represented the landlord. Isaac Figueroa, CCIM with Cushman & Wakefield | PICOR represented the tenant.

Derek and Milissa Jordan leased 2,180 square feet at 1660 S. Research Loop, Ste. 110 from Clairemont Partners, LLC. Rob Glaser, SIOR, CCIM, and Max Fisher with Cushman & Wakefield | PICOR handled the transaction.

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

S & C Sushi Nara, Inc. leased 1,950 square feet in the Broadway Albertsons Shopping Center, located at the northeast corner of Harrison Road and Broadway Boulevard, 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 Road from HJ Tucson, LLC. Greg Furrier 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 on 1.53 acres at 6107 N. Travel Center Drive from Frost Holding Company, LLC. Ron Zimmerman 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 Road and Mary Ann Cleveland Way, from Vail-SSC, LLC.  Aaron LaPrise 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., Ste. 2 from RRL, Inc. Max Fisher with Cushman & Wakefield | PICOR handled the transaction.

Lavish Metal Works, LLC leased 1,390 square feet at 850 E. Ohio St., Ste. 18 from RRL, Inc. Max Fisher with Cushman & Wakefield | PICOR handled the transaction.

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

Tucson CFS, LLC leased 1,100 square feet at 3820 E. 44th St., Ste. 410 from RR44, Inc. Max Fisher with Cushman & Wakefield | PICOR handled the transaction.

Burrell College of Osteopathic Medicine, LLC leased 770 square feet at 2262 W. Magee Road, Ste. 201 from MJ 96, LLC. Isaac Figueroa, CCIM with Cushman & Wakefield | PICOR represented the landlord.