Sierra Vista, Arizona – An investment group, South Plaza Vista LLC led by the principals of Tucson-based Larsen Baker LLC, George Larsen, CCIM recently purchased the 65,000-square-feet former Sutherland’s Lumberyard building at 493 N. Highway 90 Bypass in Sierra Vista for $2.35 million ($36 PSF) in Cochise County.

South Plaza Vista LLC plans to extensively remodel the now vacant building and re-purpose it for retail users along with such area tenants as Ross Dress for Less, Hobby Lobby, Walmart, Lowes, CAL Ranch Store, Burger King, Chase Bank, Subway and Fry’s Marketplace., Wal

This will be Larsen Baker’s third real estate investment in Sierra Vista. The company also owns Cochise Plaza on Fry Blvd and the VA Medical Outpatient Clinic on Coronado Blvd.

The buyer was represented by Peter Villaescusa and Jesse Peron of CBRE, Inc and Andy Seleznov, CCIM and Melissa Lal, CCIM of Larsen Baker. The seller, Dardanelle Timber Company of Kansas City MO, was represented by Velocity Retail  Group, Brian Gast, Dave Cheatham, and Darren Pitts 602.828.0410

For leasing information, Andy Seleznov and Melissa Lal of Larsen Baker and Peter Villaescusa and Jesse Peron of CBRE should be contacted or click here to learn more.

For more information, contact Villaescusa at 520.323.5112 and Peron at 520.323.5130. Seleznov and Lal can be contacted at 520.296.0200, while Gast, Cheatham and Pitts can be reached at 602-682-8100.

To learn more, see RED Comp #4469

TUCSON, Arizona — Ron Schwabe and Marcel Dabdoub have partnered again, this time, to buy 44 East Broadway Blvd. in Tucson for $4,332,990 ($135 PSF) and 30,000-square-feet of parking lots from The Providence Service Corporation of Stamford, CT.

Home to Ron Schwabe and Peach Properties’ central office, this large multi-use building in downtown Tucson was redeveloped by Peach to serve as headquarters for Providence Service Corp in 2010.  The 32,000 gross-square-feet, four-story building, was built in 1979, and features 20,000-square-feet of office space and penthouse level condos on the upper levels.

The four, unique downtown residential lofts each come complete with huge windows, a balcony and rooftop deck with private rooftop pool.

Providence Service Corporation acquired the building in 2010 and occupied the second floor, leasing the ground and third floor offices, while working with Peach Properties to develop four residential lofts on the top floor.

Providence has decided to consolidate operations on the east coast and have leased back its space for another year. With Providence, the building was fully occupied when is sold.

44 East Broadway is situated in the center of the business and government district on a streetcar stop, within easy access to restaurants, banks, and performing arts venues in downtown Tucson.

Peach Properties has extensive experience renovating in downtown Tucson. Peach was also recently awarded the redevelopment of the Ronstadt Transit Center by the City, into a transit oriented development anchored by 250 housing units for all ages and economic backgrounds, 450 parking spaces and a 144-room hotel and conference center. This mixed-use project is on a key 4.7-acre downtown site at Congress and 6th Avenue.

There were no brokers involved in the transaction of 44 East Broadway. For more information, Schwabe can be reached at 520.798.3331.

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[mepr-show rules=”58038″]Sale date: 12/30/2017. Legal description for property has been split into condominiums therefore SF is approximate. Building has an elevator, stairwells and common areas in gross SF, per buyer. [/mepr-show]

TUCSON, Arizona – Dermody Family Limited Partnership I of Reno, Nevada purchased a 5,274-square-foot retail building located at 90 W. River Rd. in Tucson, from 90 W River, LLC for $2.855 million ($541 PSF). The property was fully occupied by Southern Arizona Urgent Care and sold in an investment sale.

Southern Arizona Urgent Care strives to provide a “one-of-a-kind” healthcare experience to every person who walks through its doors. This “all-inclusive” urgent care concept and design helps to assure each individual receives an accurate diagnosis and resolution to their concerns in the most effective and efficient way possible.

Unlike anything in the entire state of Arizona from its unique, warm and modern, ultra clean, crisp design, to its unprecedented ability to provide unique services. Each exam room is designed with patient comfort and well-being in mind using the highest quality materials to ensure a noise free environment for each patient encounter. UV filtering systems are installed in each area to keep patient rooms as germ free as possible, and only the best diagnostic equipment is used.

Southern Arizona Urgent Care has three other locations in Tucson currently and will be opening a fifth at 6303 E Broadway Blvd. Suite 161 in March 2017.  More growth is still planned, with three more locations in East, Northeast, and Southeast Tucson subamrkets.

Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, represented the seller, 90 W River LLC (David Skinner, manager) and Matt Harris with Avison Young, Reno, NV, represented the buyer in this transaction.

For more information, LaPrise should be reached at 520.546.2770.

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