TUCSON, AZ (March 18, 2025) — The multitenant office building at 800 E Wetmore in Tucson recently sold for $2.4 million ($52.15 PSF). The 38,464-square-foot building sits on 2.7 acres southeast of Wetmore and First Avenue in Tucson.

The asset sale closed on February 28, 2025.

At the time of sale, five office spaces totaling 25,514 square feet were available for lease. Individual spaces range from 2,085 to 13,960 square feet. The lease rate was $19.50 per square foot per year on a full-service basis. The building itself encompasses approximately 38,464 square feet of office space.

This two-story Class B office building, constructed in 1990 at the base of the Foothills, features 278 parking spaces at the Wetmore Road and 1st Avenue intersection and offers prominent signage opportunities.

Building Highlights include:

• Striking dark glass exterior with excellent signage
• Office improvements can be customized to suit tenant requirements
• Spacious lobby and outdoor patio, ideal for coworking
• Ample covered parking and a secured lot for company vehicles
• Convenient access to a variety of local amenities
• Outdoor areas are perfect for lunch breaks and entertaining

The buyer plans to update the interior lobby and suites and create a rear gate access to the neighboring Sprouts market. The buyer intends to occupy 3,800 SF under the business name Ajo Enterprises, Inc. and renovate the remaining suites for lease.

The seller, Wetmore 800, LLC of Tucson, was represented by Cushman & Wakefield | PICOR’s team, Rick Kleiner, Tom Nieman, and Alexis Corona.

The buyer, Wetmore Tucson, LLC is an affiliate of Ajo Enterprises, Inc. c/o Jon Bradford, manager was represented by Realty One Group (Phoenix) Jason Miszuk.

For more information, the Cushman & Wakefield team can be reached at 520.748.7100, and Miszuk can be contacted at 623.236.1413.

To learn more, subscribers should refer to RED Comp #11766.

Break of Day Capital acquires its 11th Tucson property, La Posada, a 136-unit asset in the BODC Multifamily Impact Fund. Value-add upgrades are planned.

TUCSON, AZ (March 14, 2025) — Break of Day Capital, a private equity real estate firm, is proud to announce its 11th acquisition in Tucson, AZ, and its third acquisition in the BODC Multifamily Impact Fund. La Posada, which will be renamed Icon on Headley, is a 136-unit property with one- to three-bedroom units at 6300 S Headley Road in Tucson.

La Posada, a $22,350,000 purchase ($164,338 per unit), is close to major employers in the area and within a few miles of three other properties owned by Break of Day Capital. The 1999 garden-style apartment complex will undergo value-added capital improvements: unit renovations, landscaping, and amenity upgrades.

The seller was New York-based Element Property Company, and the transaction closed on March 7, 2025.

California-based Break of Day Capital remains very active in the market having sold Midtown on 1st last year returning a 19% IRR to investors and acquiring two new properties within the past 4 months.

During a recent interview, Gary Lipsky, Founder and President of Break of Day Capital, was quoted as saying, “Icon on Headley is another great core asset that fits perfectly in our portfolio. We’re excited to continue to find value properties. This purchase coincides with our mission to positively impact the lives of our investors and the communities in which we invest through the highest level of transparency and fiduciary responsibility.”

Break of Day Capital continues to focus on acquiring value-add multifamily properties in the Southwest, where they’ve averaged a 40% bump in NOI in the first 12 months across its portfolio. The firm is led by Gary Lipsky, author of the bestselling books Best In Class and Invest Smart and the Real Estate Investor Podcast host. Gary has been a real estate investor since 2002 and has invested in over 1800 units as a General Partner, with $320MM in real estate transactions. Break of Day Capital is a premier real estate firm for investors looking to get involved with managed investments.

TUCSON, AZ (March 12, 2025) — Kameron Norwood with Cushman & Wakefield | PICOR handled the sale of the office building at 990 East Seventeenth Street and 990 S Freemont Avenue in Tucson for $1.25 million ($291 PSF), fully leased to two tenants. The corner building has two addresses and closed on February 14, 2025.

990 East Seventeenth is the re-adaptation of an existing repair shop into a 4,292-square-foot modern professional office building. Taking advantage of the efficient and open structure, a unique office space is created to serve design-oriented users.

The 1978 original building was stripped down to its steel frame. In place of the existing standard metal building panel, a new skin of lightweight aluminum panels forms a rain screen over a heavily insulated wall system. A bright white roof with high R-value encloses the building with south-facing shaded monitor skylights at each of the four bays. Each of the original 10’x10’ roll-up doors along the north façade are replaced with clear glass to provide views to the landscaped courtyard and mountains beyond. Additional apertures are inserted along the East and West of the building to expose hints of structure and activity inside. Along the South facade, a thin strip window runs high along the length of the building to maximize the natural lighting possibilities within the interior while minimizing the impact of the sun.

Inside, an undulating wood slat ceiling—think violin—creates an organic, flowing space that provides spatial interest and acoustic relief. A shared restroom core at the center of the building frees up interior space for each tenant to create a plan to suit their needs. Outside, lush desert landscaping and repurposed concrete hardscape enliven the outdoor spaces throughout the site to create a virtual oasis with shade and plant color.

The building celebrates sustainability. Underground rainwater harvesting tanks provide water for landscaping and the six large community garden beds. Passive solar techniques keep the building comfortable throughout the year and solar panels provide the extra electricity needed on site, complete with EV charging station on site.

The building plays off its neighbors, including other award-winning projects by Rob Paulus Architects: to the north, the re-adaptation of the Ice House and Cold Storage Building into the successful Ice House Lofts, and to the east, the popular Barrio Metalico residential development. This third project completes the block with complementary design and a common sensitivity to smart urban development. Rob Paulus Architects and R+R Development are housed in the building.

990 East Seventeenth Street was sold by R&R 17th Street, LLC, Rob Paulus and Randi Dorman, members.

The buyer, Scott A Mary, is an investor from Bend, Oregon.

For more information, Norwood should be reached at 520.546.2792.

To learn more, subscribers can refer to RED Comp #11758.

PHOTO: 990 E. Seventeenth Street & 990 S. Fremont Ave., Tucson