Oasis I & II, located at 320-332 East Yavapai Road in Tucson and Oasis III at 300-306 East Navajo Road in Tucson sold for a combined total of $2.41 million ($19,127 per unit). The 66-units at 300-306 E Navajo sold for $1.26 million ($19,090 per unit) and the 60-units at 320-332 E Yavapai sold for $1.15 million ($19,167 per unit).

Ennabe Properties of Los Angeles, CA (Fares Ennabe, President) was the investor.

Oasis I, II & III are all three-story apartment buildings built in 1994, comprising 126 rental units. The unit mix is approximately 60% one-bedroom and 40% three-bedroom units. Construction is of wood, with built-up roofs. Heating and cooling is provided by individual roof-mounted air conditioning units. The utility costs associated with heating and cooling are the responsibility of the owner. The property is individually-metered for electricity, and the costs associated with usage inside the dwelling units are the responsibility of the owner. Hot water is provided by individual water heaters. The cost of water, sewer charges, and trash collection is the responsibility of the owner. The property has on-site laundry facilities available for tenants and includes 68 uncovered parking spaces.

The properties are situated in Central Tucson within a few blocks of each other. There are several schools within one mile of both properties including Helen Keeling Elementary School, Tucson Preparatory School, and Amphitheater Middle School.

The buildings of Oasis are constructed on rectangular sites comprising approximately two 1.64 acres, at a density of 36.53 units per acre.

Nearby grocery store options include Food City, less than one mile east of Oasis and Fry’ s situated at the intersection of 1st Avenue and Roger Road. The Interstate-10 Highway is accessible via the Prince Road on ramp, located less than three miles north-west of the property.

Nearby shopping malls include the Macy’ s and Dillard’ s-anchored Tucson Mall, located less than two miles north-west of the property, as well as the Shops on University located at University Boulevard and Park Avenue, three miles southeast of the property. Additionally, University of Arizona Medical Center is located on Speedway and Campbell. Nearby Junior Colleges include Pima Community College, located at Speedway and Cholla Boulevard. University of Arizona (enrollment: 40,223 students) is minutes away from Oasis.

Jim Hill with Real Living S.J. Fowler Real Estate in Phoenix handled the sale that closed in four separate transactions for buyer and seller.

For additional information, Hill can be contacted at 602.264.8400.

To learn more, see RED Comp #3726 and #3603.

A.F. Sterling (Randy Agron, vice-president and COO) began development of the 52-lot subdivision, Mariposa Trail II, in April 2014 when it first purchased 47 platted and engineered lots. This week it closed on the remaining 5 finished lots there for $154,000 ($30,800 per lot). Over this two-year period, the builder has sold 37 homes and has only 15 lots remaining to be built here, including these final five.

The seller was Shannon Business Park, LLC and Palice Shannon Investments, LLC (Paul Baker, manager).

The Mariposa Trail II neighborhood is located in a quiet location on Tucson’s popular northwest side, off River and Shannon Roads, with easy access to I-10.

The River Road corridor offers convenient shopping, restaurants and retail services including easy access to Tucson’s Northwest Medical Center and Tucson Mall.  Mariposa Trail II is also located in the admired Amphitheater School District.

Mariposa Trail II features five distinctive A. F. Sterling floor plans ranging from 1,375-square-feet to 2,276-square-feet, single and two story homes, with unique southwest exteriors. Prices hover around the $200,000 mark at Mariposa Trails II.

Models are open daily from 11:00 to 5:00 at this location. At cabinet stage currently is the large two story with 3 bedrooms, den, and great room, 2 ½ baths, spacious master suite with bath featuring dual sinks, separate garden tub and shower, and 3 car tandem garage, shown in the photo. Purchaser may still select the flooring and countertops for this spec home.

Other A.F. Sterling communities in the metro Tucson area include Tanque Verde Village at Houghton and Tanque Verde Road, Bear Canyon Overlook, Estate size lots at Bear Canyon and Snyder Roads, and coming this Spring, Red Cold Ranch at the northeast corner of 22^nd Street and Bonanza Avenue.

A.F. Sterling Homes has been honored five times as Builder of the Year by the Southern Arizona Home Builders Association (SAHBA). Its most recent award marked an unprecedented fifth time the Tucson, Arizona home builder has received this prestigious honor.

For more information on Mariposa Trail II, contact Rosa Maria Schantz and Diane Terpstra at 520.2937455.

To learn more, see RED Comp #1674 and #3718.

Kneader’s Bakery & Café will join Natural Grocers at the southeast corner of River and Craycroft to the south of Quik Trip. See Real Estate Daily News Natural Grocers Buys 4th Tucson Store for the Natural Grocers transaction.

The 42,150-square-feet of land at this corner was sold to Kneader’s developer, FFG Development of American Fork, UT for $950,000 ($22.54 PSF).

Kneader’s Bakery & Café will be approximately a 4,000-square-foot built-to-suit facing Craycroft on this site.

Kneader’s is all about breads. The concept is a European-style bakery where things are still made by hand, from simple, healthy ingredients the way it’s been done for a thousand years.

The first Kneader’s opened in 1997 in Orem, UT specialized in authentic European hearth breads made fresh daily. Kneaders also offers a variety of soups, salads, sandwiches and 40-50 different pastries. Kneader’s fast-casual concept is to provide “fresh food fast”.

Kneader’s has been expanding rapidly, with over 30 locations, 7 in Phoenix and this will be the third in Tucson and the second to open. Kneader’s opened at Wilmot and Broadway last summer, and recently purchased a pad at Canyon Retail in Oro Valley. For Real Estate Daily News story click here New Development at Oro Valley Canyon and Canyons at Linda Vista Trail.

Regan Amato of Cushman & Wakefield in Phoenix represented the developer, FFG Development and G.T. Alley with Broadway Realty & Trust represented the seller, Craycroft / River Holdings, LLC (Joseph Cesare, manager).

For more information, Amato can be reached at 602.224.4468 and Alley should be contacted at 520.747.5700.

To learn more, see RED Comp #3694.