Chapman Management Group Facilitates Sale of Industrial Property

TUCSON, AZ (February 4, 2025) — An industrial property located at 4203 E Tennessee Street in Tucson sold for $750,000 ($197 PSF) to 4203 Holdings, LLC of Phoenix (Brian Payne, member). Built in 1982, the property features a 3,800-square-foot building on 2.63 acres; the building is occupied by a single tenant, with two additional tenants leasing yard space at the rear of the property.

The sale occurred on January 8, 2025.

Chapman Management Group will manage the property for the new owners.

Erik Chapman, CCIM, CPM, and Nick Travassos, MRED of Chapman Management Group, LLC, represented the seller, Gallaher Grit Limited Partnership of Tucson.

Matt Hagan and Brian Payne of Lee & Associates Arizona represented the buyer.

For more information, Erik Chapman can be reached at (520) 867-8899, and Nick Travassos can be reached at (520) 867-8438.



Downtown Tucson Office Building Sold to The Higgins Law Group

TUCSON, AZ (January 30, 2025) – Schmiggins Real Estate, LLC has purchased a ±1,750-square-foot office building on a ± 8,715-square-foot parcel located at 239 N. Meyer Avenue in Downtown Tucson, AZ.

The purchase price was $463,000.00 ($264.57 PSF), and the transaction closed on January 24, 2025.

The buyer will relocate her law office, The Law Offices of Maggie H. Schmidt, dba The Higgins Law Group, to the building.

Craig Finfrock of Commercial Retail Advisors, LLC represented the seller, Leon & Lois Thikoll Revocable Trust, LLC, and the buyer represented herself in this transaction.

Commercial Retail Advisors, founded in 2001, specializes in the leasing and selling of shopping centers and retailer tenant representation throughout southern Arizona.

For more information, please get in touch with Craig Finfrock of Commercial Retail Advisors at (520) 290-3200 or visit their website at cradvisorsllc.com.



Arizona Department of Agriculture Buys Rio Rico Building for $3.75 Million

RIO RICA, AZ (January 29, 2025) — The State of Arizona Department of Agriculture purchased a 34,320-square-foot building at 141 Paseo De Yucatan in Rio Rico, Arizona, for $3,750,000 ($108 PSF). The property was previously subject to a GSA lease for a federal law enforcement agency and will now be owner-occupied by the buyer.   

The location in Rio Rico is about 7 miles north of the U.S. / Mexico border and about 55 miles south of Tucson. The City of Nogales is adjacent to Rio Rico and funnels billions of dollars of international trade into Arizona and the United States annually.

The Rio Rico / Nogales region is a hub of cutting-edge agricultural innovations, including precision farming techniques, hydroponics and vertical farming, water conservation methods, organic and sustainable practices, and crop diversity research and development.

The free-standing brick construction building sits on 4.67 acres and features 19,037 rentable square feet, a 15,013-square-foot parking garage, and an elevator. The exterior parking lot has an electronic gate and a fenced yard.

Gordon Wagner and Ben Craney from NAI Horizon represented Rio Rico, LLC, the seller, and Chris Corney of JLL represented the buyer.