Six parcels of Arizona State Trust Land appraised at a combined $14.26 million were set for auction by the Arizona State Land Department this month. Five of the parcels are near Tucson, one is in Phoenix, and all together total 81 acres of land.
If all six were auctioned as planned, the appraised value of at least $14.26 million would be invested in the State’s Permanent Land Endowment Fund for the benefit of K-12 public education, according to Arizona State Land Commissioner Lisa A. Atkins.
Five parcels totaling about 30 acres are located near Tucson Mountain Park, southwest of Tucson, and were scheduled to be auctioned on Tuesday, Nov. 6. According to a press release, the minimum bid for all five parcels was $259,000, their combined appraised value. If there were no bidders for the combined parcels, the individual parcels will be auctioned.
Sales and Leases
Flicson Ipzona, LLC purchased a 34,697-square-foot space for $1,420,000 from Wilmot 310, LLC. Jon O’Shea, Rob Fischrup, and Eric Lamb of VAST represented the seller. Clayton Abernathy of Farmers Real Estate represented the buyer.
EJI Properties, LLC purchased 4,040 square feet at 7494 N. La Cholla Blvd for $750,000 from 2030 East, LLC. Jon O’Shea, Rob Fischrup, and Eric Lamb of VAST represented the seller. Mark Irvin of Mark Irvin Commercial Real Estate Services represented the buyer.
Northwest Rheumatology, PLLC leased 2,599 square feet at 1925 W. Orange Grove Road. Phil Skillings and Andrew Sternberg with NAI Horizon represented the landlord. Lori Casey with Oxford Realty Advisors, Inc. represented the tenant.
NextGen Engineering leased 800 square feet at 2424 E. Broadway Boulevard. Andrew Sternberg with NAI Horizon represented the landlord.
Levels Auto Sales leased 2,164 square feet at 1500 N. Oracle Road. David Blanchette with NAI Horizon handled this transaction for the landlord.
Diamondback Collision leased 6,734 square feet at 5450 S. Arcadia Ave. David Blanchette with NAI Horizon represented the landlord. Brandon Rodgers with Cushman Wakefield | PICOR represented the tenant.
10th Street 12, LLC purchased 10th Street Apartments, a 12 unit complex located at 804 & 860 E. 10th St. from Jalan Sepuluh, LLC for $1 million. Allan Mendelsberg with Cushman & Wakefield | PICOR handled the transaction.
Gould Family Properties VIII, LLC purchased Pima Street Apartments, a 12 unit complex located at 5739-5755 E. Pima Road from Brian & Lauretta Kunz for $735,000. Allan Mendelsberg with Cushman & Wakefield | PICOR, handled the transaction.
25Jac Properties, LP purchased a 13,032-square-foot specialized residential facility building at 1835 W. Anklam Road from Long Far Investments, LLC for $650,000. Paul Hooker with Cushman & Wakefield | PICOR represented the seller; Allan Mendelsberg with Cushman & Wakefield | PICOR represented the buyer.
Global Instant Air, Inc. purchased a 5,000-square-foot industrial building at 4521 E. Rex St. from TKW Properties, LLC for $339,750. Paul Hooker with Cushman & Wakefield | PICOR represented the seller.
Grand Canyon Panel Co., LLC leased 5,250 square feet at 637 S. Vine Ave. from Chargers 1, LLC. Brandon Rodgers, CCIM with Cushman & Wakefield | PICOR represented the landlord. Pat Welchert with Alpha Commercial represented the tenant.
Sentinel Monitoring System, LLC renewed its lease for 4,832 square feet at 1836 S. Research from SK II Development, LLC. Stephen D. Cohen and Russell Hall, SIOR, GSCS with Cushman & Wakefield | PICOR represented both parties.
Starbucks Corporation leased 3,798 square feet at Interstate 19 and Nogales Highway in the new Sprouts anchored center in Sahuarita, from FAE Holdings. Greg Furrier with Cushman & Wakefield | PICOR represented the tenant. Brenna Lacey with Volk Company represented the landlord.
Bridgestone Hosepower, LLC dba: HosePower USA renewed its lease for 3,763 square feet at 3745 N. Interstate 10 Eastbound Frontage Road, Ste. 101 from Peacock Investment Builders Tucson II, LLC. Rob Glaser, SIOR, CCIM, Russell W. Hall, SIOR, GSCS, and Stephen D. Cohen with Cushman & Wakefield |PICOR handled the transaction.
ResCare Arizona, Inc. leased 2,659 square feet at 4600 S. Park Ave., Ste. 1 from Ohio Street Building No. 2, LLLP. Ryan McGregor and Rob Glaser, SIOR, CCIM, with Cushman & Wakefield | PICOR, represented the landlord.