Tucson, Ariz. – (February 18, 2024) – CBRE facilitated the $2.03 million single-tenant net investment sale of Circle City ABA, located at 3719 North Campbell Avenue in Tucson, to 4-D Properties LLP.

CBRE’s Retail Investment Partners’ John Read, Trent Steeves and Philip Voorhees, along with Nancy McClure represented the seller, 3719 Campbell Partners, LLC

The property, which has a 100% occupancy rate, spans 8,205 square feet and is strategically located in a high-traffic area near the northwest corner of North Campbell Avenue and East Prince Road. The tenant, Circle City ABA, has committed to a long-term lease.

The sale transaction occurred on February 14, 2025.

Circle City ABA provides applied behavior analysis therapy to a wide spectrum of autism disorders, helping to increase communication, self-help, and social skills for children with autism through its 28 locations nationwide.

“This sale highlights the strong demand for well-located, fully occupied properties in Tucson,” said McClure, First Vice President at CBRE. “The tenant’s long-term commitment and planned improvements further enhance the property’s value and appeal.”

Built in 1990 and renovated in 2024, the property offers modern amenities and accessibility, making it an ideal location for Circle City ABA’s operations.

4-D Properties LLP was represented by Oxford Realty Advisors’ Lori Case and Doug Marsh. 

To learn more, subscribers should refer to RED Comp #11752.

TUCSON, AZ (February 14, 2025) — The Courtyard by Marriott Tucson Airport Hotel at 2505 E Executive Drive in Tucson sold at auction for $14,195,000 ($95,268 per room) for the 149-room hotel.

The hotel was marketed with 75% room occupancy when it sold.

The hotel enjoys a prime location with direct access to I-10 and is less than a mile from Tucson International Airport, making it extremely convenient for travelers. As part of the Marriott family of hotels, the Courtyard benefits from being part of the world’s largest hotel company with the biggest hotel rewards program. As one of the premium select service brands in the upper-midscale and midscale sectors, the property attracts a loyal customer base, which enhances the hotel’s reputation. It is well-positioned to capture market demand and achieve growth within the midscale and upper-midscale segments.

Built in 1988 and recently renovated in 2021, the hotel is poised to attract both business and leisure travelers seeking a premium experience at an affordable price.  The three-story hotel has 149 rooms, including 12 suites with private balconies or patios, 24-hour fitness facilities, dry cleaning/laundry service, elevator, bar, deli, pool/spa, and meeting rooms.

The Hotel was sold fee-simple, unencumbered by existing debt.

Ebrahim Valliani and Michael Klar represented the seller, Skyline CM Tucson, LLC of Toronto, Ontario, Canada, with Ryan Sarbinoff in Phoenix as the broker of record.

For more information, Valliani can be reached at 630.570.2177, and Klar is at 248.914.2183.

To learn more, subscribers should refer to RED Comp #11724.

TUCSON, AZ (February 12, 2025) — A retail building located at 4220 North Oracle Road in Tucson sold for $3,735,000 ($249 PSF). The property encompasses a 14,875-square-foot building, a former Walgreens in the Oracle Wetmore Shopping Center.

The transaction closed on January 24, 2025.

This marks Cavender’s first location in Tucson, indicating the brand’s expansion into new markets. The deal involved key representatives from both sides, including Aaron LaPrise from Cushman & Wakefield, representing Tucson Arizona Partners, and Neil Board & Noah Anastassatos from Western Retail Advisors, acting on behalf of the buyer, Cavender’s.

Cavender’s was founded in 1965 in the small east Texas town of Pittsburg. James and Pat Cavender were entrepreneurs who dabbled in several ventures before opening a clothing business. James had a sharp wit and boundless energy, and he found the perfect combination of his skills, personality, and experience to serve customers a quality product at a fair price. As a country boy in a small Texas town, it was only natural to carry cowboy boots. Cavender’s started with three styles of Tony Lama boots. They sold well, and so James bought more. It was just the beginning for this family company that would go on to sell millions of pairs of boots and become the fastest-growing Western wear chain in America.

Whether it was buying (and reselling, of course) a cattle trailer load of boots from a manufacturer going out of business in the 1970s, riding the high of the Urban Cowboy craze in the 1980s, surviving—and thriving—in its decline, or partnering with another up-and-coming Texas icon, George Strait, Cavender’s has always had a knack for being in the right place at the right time. But more than that, Cavender’s has thrived based on its half-century-plus commitment to the customer by providing the best products at affordable prices with excellent customer service.

As much as growth is a central part of Cavender’s, the people running it still acknowledge their roots in quality products and customer service. Step into any Cavender’s, and not only will you see pictures of James, Pat, Joe, Mike, Clay, and their families, but you’ll also see grainy black and whites of their grandparents on the old ranches in Albany, Texas, and Idabel, Oklahoma.

Cavender’s has been named the nation’s top retailer for many prestigious companies such as Lucchese, Justin, Tony Lama, Laredo, Nocona, Rocky Mountain, and Wrangler. In 2019, the Cavender Family was inducted into the Texas Cowboy Hall of Fame.

Cavender’s has established itself as the premier Western clothing store for the American South and Southwest. Cavender’s remains a family business run by James and Pat’s sons, Joe, Mike, and Clay, who oversee the growth, development, and day-to-day operations. Boots are the roots of Cavender’s, and the Cavender family wanted to share their love of the Western lifestyle with others. Cavender’s continuously seeks the best in design, style, and authentic Western craftsmanship for our customers. At Cavender’s you can expect to find just what you’re looking for from friendly folks offering a helping hand because “This is How We Live”.

For more information, La Prise should be contacted at 520.546.2770, and Board and Anastassatos are at 602.778.3747.

To learn more, subscribers should refer to RED Comp #11730.