Commercial Properties Inc. Announces $3.2 Million Sale of ±5.05-Acre Industrial Outdoor Storage Property in Tucson, AZ

TUCSON, AZ (November 26, 2025) — Commercial Properties, Inc./CORFAC International (CPI), Arizona’s largest locally owned commercial real estate brokerage firm, has announced the sale of 5455 S. Nogales Highway in Tucson. The ±5.05-acre Industrial Outdoor Storage (IOS) property includes a 12,800-square-foot industrial building and is positioned south of I-10, north of Drexel Road, and approximately 3.5 miles from Tucson International Airport. The property sold for $3,181,750 — $18.45 per square foot — at a 6.8% cap rate.

The transaction closed on November 18, 2025.

Jeff Hays and Sam Rutledge of Commercial Properties Inc. represented the buyer, C.G. Real Estate Investors.

“This transaction highlights the continued strength of Arizona’s logistics-oriented industrial market, where quality sites remain in extremely high demand,” said Jeff Hays.

For more information, contact Jeff Hays at jhays@cpiaz.com or (480) 889-2552, or Sam Rutledge at srutledge@cpiaz.com or (480) 621-3290.

Established in 1981, Commercial Properties Inc. (CPI) is a full-service brokerage and property management firm for all product types of commercial real estate. Headquartered in Tempe, with offices in Scottsdale and Casa Grande, the company has more than 65 brokers and operates throughout the Phoenix metropolitan area. Currently, CPI’s listings include over 22 million square feet for sale/lease with more than 205 projects and associations under management, totaling over 13 million square feet.

CPI is the Phoenix affiliate of CORFAC International, comprised of privately held national and international brokerage and property management service providers in over 70 global offices.

Ace Industrial Supply Purchases Two-Story Office Building on Grant Road for $620,000

TUCSON, Arizona (November 26, 2025) — Larsen Baker has announced the sale of a two-story office building on Grant Road, located at 3370 E. Grant Road, situated at the corner of Grant and Sparkman, just east of Country Club Road.

The 6,200-square-foot property sold for $620,000 ($100 per square foot) and features 36 parking spaces and an elevator.

Grant Sparkman Associates, LLC, the seller, was represented by Isaac Figueroa, CCIM, SIOR, with Larsen Baker. The buyer, Ace Industrial Supply, Inc., was represented by Mack Thompson with Whirligig Realty.

Ace Industrial Supply plans to owner-occupy the building, expanding its Tucson presence with a convenient central location along the Grant Road corridor.

For more information, Figueroa can be reached at 520.296.0200 and Thompson is at 520.546.9003.

Source: RED Comp #12090

128-Room Sonesta ES Suites Tucson Sells for $3.5M to New Mexico Hospitality Operator

TUCSON, AZ (November 21, 2025) — The Sonesta ES Suites Tucson, a 128-suite extended-stay hotel located at 6477 E. Speedway Blvd., has been sold for $3,5 million ($27,343 per room) to an Albuquerque-based hospitality operator. The property closed on November 14, 2025. The buyer is Hospitality Management Services c/o Yogash Kumar of New Mexico, an experienced hotel owner and operator who consults and manages multiple hospitality assets across the region.

While the price per key is notably low by industry standards, Kumar said the property was in satisfactory condition at the time of sale and viewed the hotel as an excellent value and long-term opportunity. The buyer intends to continue operating the hotel in its current extended-stay format and sees operational efficiencies and market repositioning as the primary drivers of upside, rather than any need for a significant renovation.

The seller, Service Properties Trust (SVC)—a publicly traded lodging and service-focused real estate investment trust—has been actively deleveraging its portfolio over the past several years. As part of this national strategy, SVC has been divesting older or non-core Sonesta-branded hotels, particularly those in secondary markets or with extended-stay product types. These streamlined dispositions often emphasize balance-sheet simplification and exit velocity over maximum pricing, leading to accelerated closings at below-replacement-cost values.

The Tucson Sonesta ES Suites fits that broader profile. Built in the 1980s and converted through several flags before joining the Sonesta family, the hotel occupies a deep site on Tucson’s east side retail corridor. It includes one- and two-bedroom suites with kitchens, an outdoor pool, and extended-stay amenities. Despite its age, the property has maintained steady occupancy under Sonesta and remains well-positioned for travelers seeking longer-term accommodations in the mid-market segment.

At $27K per room, the acquisition offers a below-market basis, giving the buyer significant room for operational enhancements or future repositioning. Extended-stay hotels in similar vintage and secondary markets have traded between $25K and $45K per key nationwide, making this transaction consistent with current national pricing for stabilized but older inventory—particularly when sold by large REITs conducting strategic portfolio reductions.