TUCSON, AZ (February 25, 2025) — Campbell Shops at 2502-2532 N Campbell Avenue in Tucson sold for $3.15 million ($161 PSF). The retail strip center has spaces for 20 tenants.

Located on the east side of Campbell Ave. between Spring St. and Water Street, the strip center was reported to be 80% occupied when sold on February 11, 2025.

Tenants included Asada Tacos & Beer, The Waxing Studio, Bings Boba Tea, and Cartel Coffee.

Eric Shain and Kirk Brummer of Kidder Matthews in Irvine, CA, handled the transaction.

“Our team generated 12 offers from a diverse group of investors through our proprietary marketing proves,” said Shain. “Campbell Shops received interest from local Tucson investors along with SoCal-based and regional investors. There is very strong demand for multi-tenant strip centers like Campbell Shops.”

Nancy McClure of CBRE in Tucson was leasing the property at the time of the sale.

The buyer, a Houston, TX-based investor, was LCP Campbell Shops, LLC.

The seller is a Fort Lauderdale, FL-based investor, Campbell Shops, LLC.

For more information, Shain can be reached at 760.685.6289, and Brummer is at 949.295.7262.

To learn more, subscribers should refer to RED Comp #11755.

TUCSON, AZ (February 20, 2025) –  The newly constructed Starbucks at 3100 East Speedway in Tucson sold for $3.75 million (2,264.49 PSF).

The seller built the property as a Chuy’s Baja Broiler, which closed in late 2010. The building was then leased to Native Grill and Wings, which closed on November 30, 2022. The original building was then razed to construct a 1,656-square-foot building and a 42,845-square-foot pad leased to Starbucks. Greg Furrier of Cushman & Wakefield | PICOR represented Starbucks in the lease.

The sale closed on January 15, 2025.

Ryan Moroney and Tim Westfall with Echo West Capital Advisors (Phoenix) represented the seller, Marlee Speedway Chuy’s, LLC c/o David R Lee and Cameron Lee, also brokers with David Lee Real Estate (Tucson)

CBRE (Los Angeles) agents Patrick Wade, Alex Kozakov, and Jack Webber represented the buyer, SDLP Holdings, LLC of Santa Monica, CA. This was the buyer’s upleg in a 1031 exchange.

For more information, David and Cameron Lee can be reached at 520.954.8008, Moroney at 602.421.9100, and Westfall at (602) 628-6298.

To learn more, subscribers should refer to RED Comp #11713.

TUCSON, AZ (February 20, 2025) – Avalon Development, LLC has purchased a ±24,024 square foot vacant parcel of land at 170 S. Houghton Road, Tucson, at the southwest corner of Broadway Blvd and Houghton Rd. The purchase price was $625,000 ($26 PSF), and the transaction closed on February 14, 2024.

The buyer is a developer and has plans to build a Dutch Brother’s Coffee drive-thru store on the PAD.

Craig Finfrock of Commercial Retail Advisors, LLC represented the seller, W.J. Choi, LLC, and the buyer, Avalon Development, LLC, represented itself in this transaction. Commercial Retail Advisors, founded in 2001, specializes in the leasing and selling shopping centers and retailer tenant representation throughout southern Arizona.

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